It offers a compelling opportunity for investors, especially retail and retirement funds, to invest in the India growth story at an attractive valuation, low expense and embedded discounts”, said Sundeep Sikka, ED and CEO, Reliance Nippon Life Asset Management. We feel confident that the timing of the issue will help investors benefit from their exposure in a diversified basket like CPSE ETF that includes a list of distinguished PSUs who are leaders in their respective sectors. “The FFO3 in the CPSE ETF is part of the government’s larger disinvestment program that was announced earlier by the MoF. RMF proposes to raise up to Rs 8,000 crore (US$ 1.12 Billion) in FFO3 as “Initial Amount” plus an “Additional Amount” (if any) based on instructions of GoI. The FFO3 is part of the Government of India’s (GoI) overall disinvestment program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance (MoF), using the ETF route. Mumbai, November 20: Reliance Mutual Fund (RMF) announced the launch of Further Fund Offer 3 (FFO3) of its Central Public Sector Enterprises‑Exchange Traded Fund (CPSE ETF).
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