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  #1  
Old 20th March 2014, 10:11 AM
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Default CPSE ETF NFO - Your Opinion?



What are opinion for this ETF? Reviews are very good, is it worth to invest in this?
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  #2  
Old 22nd March 2014, 12:32 AM
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Don't know about other I invested 12k from my father account.

Why 12k? Why not 10k or 15k or some round figure?

Well actually i invested keeping RGESS status in mind of my father rather than anything. I don't want to invest in government stocks in his folio but I am unable to decide which share to get and once I figure out, it has started moving up.Hence MF i got it. Had already invested 8k in some other stock. Hence 12k here. Still left with 30k to invest.

People against it say majority stake will be from ONGC and it already has a run up. And government stating more subsidy burden on them hence chances of run up looks less, but I am betting on others especially CIL,BHEL and EIL.Also if I get opportunity in my core portfolio I plan to change from CIL to some good Pharma or FMCG stock like of GSK, itc,nestle or sun.

Since now it's closed I guess in next financial year you will surely get this opportunity. Or on 11th April this one will list than you can invest.
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  #3  
Old 29th March 2014, 05:23 PM
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I invested Rs 1.5 lakh in this issue. This is the first time I invested in Mutual Fund. So I don't even know the basics.

- What is ETF? I know ETF is Exchange traded Fund? How is it similar to or different than mutual Fund. Or is it that any mutual fund that are traded on exchange is called ETF?

- When will the allotment happen? How can I check whether I got the allotment or not? In case of any issue, whom to contact?

- Will there be full allotment for everyone who applied or can there be partial allotment?

- Will it be liquid enough to see in market?
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  #4  
Old 29th March 2014, 09:12 PM
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Quote:
Originally Posted by rajivka View Post
I invested Rs 1.5 lakh in this issue. This is the first time I invested in Mutual Fund. So I don't even know the basics.
Seriously, 150k, just like that.

God bless you.
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  #5  
Old 30th March 2014, 08:10 AM
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Quote:
Originally Posted by rajivka View Post
I invested Rs 1.5 lakh in this issue. This is the first time I invested in Mutual Fund. So I don't even know the basics.

- What is ETF? I know ETF is Exchange traded Fund? How is it similar to or different than mutual Fund. Or is it that any mutual fund that are traded on exchange is called ETF?

- When will the allotment happen? How can I check whether I got the allotment or not? In case of any issue, whom to contact?

- Will there be full allotment for everyone who applied or can there be partial allotment?

- Will it be liquid enough to see in market?
Seriously having so much doubt you invested 1.5 Lakhs.

I heard on channels that it will list on 11th April and then you can sell it.

Yes it's liquid enough to sell once it lists. But holding for long has benefits.

Goldman Sachs MF is the entity of contact.
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  #6  
Old 30th March 2014, 06:26 PM
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Originally Posted by Atiker View Post
Seriously, 150k, just like that.

God bless you.
I could have invested Rs 10000, but that would not serve any purpose. How much gain I can make out of this?

You could say that I could have learned something out of this by investing small and once I am comfortable I could invest more. But I generally do not invest in equity or mutual fund. And I do not have any plans to invest big amount in future. I am comfortable investing in Tax Free Bonds/NCDs, and plan to invest most of my money in these instruments. It is just that I heard good reviews, so I applied for this.
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  #7  
Old 31st March 2014, 08:24 PM
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It's a MF based on these 12 companies. If these 12 company stocks perform then better will be this MF NAV. Also if you hold long say 1 year there is some loyalty bonus.

It all depends on performance in these 12 PSU stocks.
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  #8  
Old 1st April 2014, 09:57 PM
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Quote:
We thank you for choosing to invest in the New Fund Offer of CPSE ETF, managed by Goldman Sachs Asset Management (India) private Limited.

We are pleased to confirm that you have been allotted 681.000 units at allotment price of Rs. 17.4504 per unit; the units have been credited to your Demat Account number XXX595753 as provided by you.

The balance amount of Rs.16.28, towards fractional units refund and after proportionate allotment made as per the Scheme Information Document, is being refunded to you through cheque/ direct credit into your bank account number XXXXXXXXXXX3085.
100 rupee cut as mf feel I guess.
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  #9  
Old 2nd April 2014, 06:20 PM
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I got 7138 units. I did not get any mail regarding refund amount but based on your calculation, I assume my refund amount should be greater than 25000.
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  #10  
Old 3rd April 2014, 09:15 PM
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CPSE ETF NAV 19.5494

12% gain on cost?

Opens for trading tomorrow.
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  #11  
Old 4th April 2014, 07:04 AM
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Originally Posted by magnet View Post
CPSE ETF NAV 19.5494

12% gain on cost?

Opens for trading tomorrow.
How do you know that NAV is 19.54 without listing or trading?

The allotment price was Rs.10 per unit. If it trades at 19.54 today then investors get double the money in few days. (better than any IPO) .

Cannot be possible.

Happy Investing!
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Old 4th April 2014, 08:59 AM
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Originally Posted by San Yad View Post
How do you know that NAV is 19.54 without listing or trading?

The allotment price was Rs.10 per unit. If it trades at 19.54 today then investors get double the money in few days. (better than any IPO) .

Cannot be possible.

Happy Investing!
The issue price was Rs 17.4504 per unit.

The NAV has risen because the shares that the ETF purchased have moved up too.

Quote:
The CPSE Index on Tuesday ended at 1,974 on the National Stock Exchange. The index where Oil and Natural Gas Corporation, GAIL and Coal India are heavyweights has rallied nearly nine per cent since the issue closed.
Govt ETF investors strike gold | Business Standard
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  #13  
Old 4th April 2014, 10:11 AM
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Ok . Listed and high price showing 19.25 on NSE today.

By right, it has to list on premium.

What you guys think the better unit price to accumulate for investment and is is the good idea to go for it?

I am sure it will come go down Rs 17.45 one year down the line.


Happy Investing!
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Old 4th April 2014, 02:12 PM
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Quote:
Originally Posted by San Yad View Post
Ok . Listed and high price showing 19.25 on NSE today.

By right, it has to list on premium.

What you guys think the better unit price to accumulate for investment and is is the good idea to go for it?

I am sure it will come go down Rs 17.45 one year down the line.


Happy Investing!
That's a good 10% return.

What are the volume like ? Is there enough liquidity ?
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Old 4th April 2014, 06:47 PM
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I sold all my units at 18.95. Made a decent profit of around 10000.
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Old 6th April 2014, 09:20 PM
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Originally Posted by rajivka View Post
I sold all my units at 18.95. Made a decent profit of around 10000.
God did bless you.

Happy for you.
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  #17  
Old 21st May 2014, 11:20 PM
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Hi, Price reached to 24.91 with 52 week high 26.25, Those who retained it so far, have gained a lot from it.
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