PSU ETF opens on March 18, 2014

 The new fund offer (NFO) of the Central Public Sector Enterprises ETF will open on March 19, 2014 for retail investors and close on March 21, 2014.

For anchor investors the NFO opens on March 18, 2014.

The NFO aims to raise a maximum of Rs. 3,000 crore subject to a maximum of 3 % of the paid-up share capital of each of the constituents of the CPSE Index. The Goldman Sachs-managed open-ended exchange-traded fund will track the CPSE index of NSE.

10 CPSEs will be available at a discount of 5% on the “Reference Market Price” of the underlying shares of CPSE Index.

Retail investors holding units continuously for 1 year from the allotment date will receive one loyalty unit for every 15 units held.

The minimum subscription for retail investors is Rs. 5,000 and the maximum is Rs. 2 lakh.

For HNIs and institutions, the minimum subscription is Rs. 2 lakh. There is no entry / exit load and the scheme offers tax benefits as it is in compliance with Rajiv Gandhi Equity Savings Scheme (RGESS).

The scheme will re-open for continuous subscription and redemption latest by April 11, 2014

 For more details

 Goldman Sachs Services Private Limited

Bangalore

Crystal Downs, 

Embassy Golf Links Business Park

Off Intermediate Ring Road

(Indiranagar - Koramangala)

Domlur, Bangalore - 560 071

Tel: + 91 80 4127 1600

Fax: + 91 80 4127 1601

Mumbai

Goldman Sachs (India) Securities Private Limited

Rational House, 951-A, Appasaheb Marathe Marg

Prabhadevi, Mumbai - 400 025

Tel:  +91 22 6616 9000

Fax: +91 22 6616 9001

Email: india-client-support@gs.com

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