Another tranche of CPSE ETF would help the government inch towards its Rs 69,500 crore disinvestment target in the current fiscal. This includes Rs 41,000 crore from sale of minority stake and Rs 28,500 crore from strategic stake sale.
    
"We are looking at broadening the retail investor base. A new fund offer is likely before Diwali. The composition of the stocks in CPSE ETF would remain the same," a top government official said.
    
The government had first launched a CPSE ETF, comprising scrips of 10 PSUs, in March 2014 under which retail investors have to invest a minimum of Rs 5,000 to buy units. It had raised Rs 3,000 crore through the ETF then.

An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. The CPSE ETF would be a success as the EPFO and NPS funds would come in it and broaden retail investor holding, the official said.

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