CPSE Index may be created for new CPSE ETF
The selected AMC / ETF provider will incur marketing / advertising expenses to the extent of at leas
The Department of Disinvestment (DoD), ministry of finance, has invited proposals from asset management companies (AMCs)—having equity assets worth Rs. 25 billion—to launch an ETF for public sector undertakings (PSUs).
The selected AMC / ETF provider will incur marketing / advertising expenses to the extent of at least Rs. 150 million, under NFO expenses, for the CPSE ETF. The selected AMC / ETF provider will bear the expenses relating to the payment of incentives to the distributors / brokers etc. to elicit wider participation of retail investors.
The selected AMC / ETF provider will also bear any index creation charges, which may be required to be paid to the Index Provider, for creating the CPSE Index for the purpose of the CPSE ETF.
The AMC may appoint various appointments for ongoing operations of the fund, including but not limited to the registrar and transfer agent (RTA), custodian, fund administrator, bankers, auditors, distributors and authorized participants, the expenses for which will be borne, as per the existing regulatory stipulations.
The fee quoted by the Bidder should include all the applicable taxes, cess, duties, as per SEBI regulations and any other applicable guidelines.
India Infoline Research Team / 08:44, Jun 26, 2015
IIFL is hosting 10 companies at a Management Roadshow in Mumbai today. The opening is a subdued start. US market saw minor losses with Dow, S&P 500 and Nasdaq closing marginally lower.