The third tranche of CPSE Exchange Traded Fund, operated by Reliance Mutual Fund, got listed on the stock market on Tuesday. “Units issued under Further Fund Offer of Reliance Mutual Fund CPSE ETF are available for trading on the exchange with effect from March 28, 2017,” stock exchanges said in similarly worded circulars. CPSE ETF, comprises scrips of 10 PSUs -- ONGC, Coal India, IOC, GAIL (India), Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India. CPSE ETF was originally managed by Goldman Sachs MF, which was acquired by Reliance MF in October 2015. The finance ministry last September gave its nod for the transfer of management of CPSE ETF to Reliance Mutual Fund.

Source: Hindustan Times March 28, 2017 07:07 UTC