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More about this fund
|Oil & Natural Gas Corp Ltd||20.24%|
|Coal India Ltd||19.06%|
|Indian Oil Corp Ltd||18.37%|
|Power Finance Corp Ltd||6.08%|
|Bharat Electronics Ltd||4.14%|
|Oil India Ltd||2.72%|
|NBCC India Ltd||1.66%|
|NLC India Ltd||0.65%|
About CPSE ETF
The CPSE ETF is an open-ended index exchange traded scheme with no lock-in period. Central Public Sector Enterprises (“CPSE”) ETF, which replicates the Nifty CPSE Index, is a concentrated portfolio of 10 stocks, whose main aim is to help the Government of India in disinvesting its stake in a few CPSEs via the ETF line. The Scheme invests into the stocks, which are constituents of Nifty CPSE Index, in the same proportion as the Index. The Scheme is being managed by Reliance Nippon Life AMC. Minimum investment in the Scheme is Rs 5,000. The expenses of ETFs are quite less than normal mutual funds.
Pros & Cons of CPSE ETF
- The Scheme’s new offer generally comes with a discount, 5% up-front discount was provided during the last tranche’s offer. Additionally, investment in this scheme will get the benefit of Rajiv Gandhi Equity Savings Scheme (RGESS).
- The Scheme is not ranked in index funds/ETFs category by Crisil.
Fund Information and Statistics of Motilal Oswal Multicap 35 Fund
i) Inception / Launch date
The Scheme which is a passive fund and was created to help the government to manage its divestment in CPSEs was first launched on 28 March 2014.
ii) Risk level
The Scheme focuses on very concentrated portfolio which makes it inherently very high risk proposition as price impact in one stock can impact the NAV very heavily. Around 60% of the portfolio exposure comes from oil, petroleum and power sectors which makes the returns vulnerable to change in fortunes of stocks from these three sectors.
The Scheme is freely tradable in stock exchanges. The units can be sold in stock exchanges like equity stocks.
iv) Fund Manager
The Scheme is managed by Mr Vishal Jain. Prior to joining Reliance Mutual Fund, he has worked Food Ideas Private Ltd. as Founder & CEO, Goldman Sach Asset Management as CIO and Benchmark Asset Management Company Ltd as CIO.
v) Entry / Exit load
There are no entry or exit load charged by the Scheme.
About Reliance Nippon Life Asset Management
Reliance Nippon Life Asset Management Ltd is the asset manager of Reliance Mutual Fund. Reliance Capital Limited and Nippon Life Insurance Company are the promoters of fund house and currently hold 85.75% of its total share capital. Mr. Sundeep Sikka is MD & CEO of the AMC.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns