A Sen­si­ble Move

The Economic Times - - Economy: Macro, Micro & More -

It makes per­fect sense to in­clude banking stocks in the Cen­tral Pub­lic Sec­tor En­ter­prises ETF. The ETF func­tions like a mu­tual fund scheme, and through the Fur­ther Fund Of­fer (FFO) route, it is pos­si­ble to raise cap­i­tal quickly and cheaply via the in­ter­net-en­abled iBBS plat­form. The FFO is open to dif­fer­ent cat­e­gories of in­vestors, in­clud­ing an­chor, re­tail and in­sti­tu­tional. How­ever, it re­mains to be seen if the gov­ern­ment can also get the best deal for strate­gic di­vest­ment of, say, Hin­dus­tan Zinc, via CPSE ETF.

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