The issue size of the fund was Rs4,500 crore, with the option to raise another Rs1,500 crore. Anchor investors submitted bids of Rs6,000 crore ($895.5 million),” a finance ministry statement said. Mint reported on 17 January that Employees’ Provident Fund Organisation has agreed to invest at least Rs2,800 crore in the CPSE ETF. Currently, Reliance Mutual Fund manages the CPSE ETF after Goldman Sachs exited the mutual fund business in India. Individual investors can invest a minimum of Rs5,000 in the CPSE ETF, while the maximum is Rs10 lakh.

Source: Mint January 20, 2017 17:25 UTC