The Further Fund Offer of Reliance CPSE ETF was subscribed close to 3.7 times on Friday, the last day of the offering. According to a statement from the fund house, the offer received subscriptions worth ₹9,200 crore for an issue size of ₹2,500 crore. More than 1.2 lakh retail applications were received. The institutional portion was subscribed 7.6 times and the retail segment was subscribed two times. “This clearly shows the future potential of fund-raising through ETFs. We thank the government for this opportunity and will be happy to support them in their future disinvestment programmes through ETFs,” said Sundeep Sikka, ED and CEO, Reliance Mutual Fund.
