The Ministry of Finance has rearranged the Central Public Sector Enterprises (CPSE) Exchange Traded Fund (ETF) to now include four state-owned companies, namely, NBCC, NLC India NTPC and SJVN, according to several news reports.
The four additions were made to replace three companies in the ETF – Engineers India Limited (EIL), GAIL and Container Corporation of India.
The three companies were removed from the ETF because the government’s stake in these has gone below 55 percent. The ETF now has scrips of 11 state-owned companies instead of ten.
Launched in March 2014, the CPSE ETF includes state-owned companies like Indian Oil, Coal India, ONGC, Bharat Electronics, among others.
One year returns of the CPSE ETF are -15.41 percent and returns since its inception are 5.94 percent.
The detailed weightage of each of the holdings are given below*:
|No.||Name of company||Weightage in portfolio (in %)|
|6||Power Finance Corp||5.49|
*Source: Value Research