The CPSE ETF was launched for the first time in March 2014. “The CPSE ETF is highly skewed towards oil and gas, as well as power. Amol Joshi, founder at Plan Rupee Investment Services added that the government ownership is the only common thread in the companies in the CPSE ETF. Also, from a valuation point of view, the CPSE ETF looks cheap. Only very optimistic investors will find value in the current CPSE ETF tranche.

Source: Mint July 17, 2019 19:18 UTC