Exchange Traded Funds
Recent Highlights
All Stories for Exchange Traded Funds
India-focussed offshore funds, ETFs see $5 bn outflow in March quarter due to COVID-19 pandemic: Report
•India-focussed offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of $5 billion in three months ended March 2020, making it the eighth consecutive quarter of withdrawal amid the coronavirus pandemic, according to a Morningstar report
Gold ETFs catch investors' eye in September, attract inflows for second consecutive month
•Gold exchange-traded funds garnered Rs 44 crore in September, making it the second straight month of inflows, as trade conflicts, signs of a global slowdown and decline in equities made investors bet big on the safe-haven asset
First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
•Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India.
Govt aims to raise Rs 5,316 cr through Axis Bank stake sale; keeps option to sell additional 1.02% shares
•SUUTI, which was created to take over part of the assets and liabilities of the now defunct Unit Trust of India, owned 9.56 percent stake in Axis Bank at the end of December 2018.
Gold ETFs lose sheen, investors withdraw Rs 280 cr in April-November period; AUM down 11% to Rs 4,385 cr
•Gold ETF trading has been tepid during the past five financial years.
Offshore India funds, ETFs register outflow of $2 bn this year: Morningstar report
•India-focused offshore funds and exchange-traded funds (ETFs) registered outflow of $357 million in July, taking the total withdrawals to nearly $2 billion in the first seven months of this year, according to a Morningstar report
EPFO members can withdraw 75% funds after 30 days of job loss; can still keep their PF accounts active
•EPFO members would also have an option to withdraw remaining 25 percent of their funds and go for final settlement of account after completion of two months of unemployment
Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19
•The government reduced stake in several PSUs this fiscal, including EIL, NTPC, NALCO and OIL.
Lackluster demand for ETFs in India has not stopped managers from launching fresh funds
Ravi Samalad •Since ETFs passively track their underlying indices, they come with lower expenses as compared to their active fund peers
Bharat 22 ETF to debut on Tuesday; aims to raise Rs 8,000 cr, to be part of Rs 72,500 cr divestment plan
•Bharat 22 ETF is a part of government's overall disinvestment programme which seeks to raise Rs 72,500 crore