CPSE ETF is an exchange traded fund, managed by goldman sachs. It invest in large Central public service enterprises listed on National stock exchange. It track the performance of CPSE index.Stocks are selected on 3 parameters: 55 % government stake,
4 % dividend yield and free float market capitalisation above Rs.1000 crore.
It is considered as a good investment opportunity due to attractive valuation.
PE ratio of CPSE index is only 11 %, which is lower than other indices. Sectors in this ETF are Energy,Metals and finance. Detailed Portfolio of CPSE ETF listed below:
Equity
Weightage
ONGC 23.5 %
GAIL 18 %
Coal India 17.7 %
REC
7.6 %
PFC 7.5 %
Container Corp 7.4 %
Indian Oil 6.7 %
Oil India 6.5 %
Bharat electronics 3 %
Engineers India 2.1 %
Comments
Post a Comment