The follow-on fund offer (FFO) 5 of CPSE ETF opens today and closes on July 19th. All investors will be entitled to a discount of 3%.
About CPSE ETF
The CPSE ETF tracks the CPSE index and consists of 11 Central Public Sector Enterprises (CPSEs). Here are the constituents and their weightings.
| Company Name | Industry |
|---|---|
| Coal India Ltd. | Minerals/Mining |
| Indian Oil Corporation Ltd. | Petroleum Products |
| NTPC Ltd. | Power |
| Oil & Natural Gas Corporation Ltd. | Oil |
| Power Finance Corporation Ltd. | Finance |
| Bharat Electronics Ltd. | Industrial Capital Goods |
| Oil India Ltd. | Oil |
| NBCC (INDIA) Ltd. | Construction |
| NLC India Ltd. | Power |
| SJVN Ltd. | Power |
Industrywise weightages
| Industry | Weightage |
|---|---|
| Oil | 23.01 |
| Power | 21.31 |
| Minerals/Mining | 20.00 |
| Petroleum Products | 20.00 |
| Finance | 7.80 |
| Industrial Capital Goods | 6.04 |
| Construction | 1.84 |
CPSE stocks have a dividend yield of 4.89%
Here’s how the discount on the ETF is calculated:
How to apply?
Visit CPSE ETF - Zerodha and you can place an order by logging in with your Kite credentials. Units will be credited with 15 working days if you receive an allotment.
You need to have sufficient funds in your trading account in order to apply for this issue.