Reliance Banking ETF lists on NSE at 503 rupees/unit
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K.Karthik Raja
Jun 27, 2008, 1:23:23 AM6/27/08
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FundNews: Reliance Banking ETF lists on NSE at 503 rupees/unit
Friday, Jun 27
Reliance Banking Exchange Traded Fund was listed on National Stock
Exchange today at 503 rupees per unit.
At 10:27AM, units of the open-ended ETF were traded at 545.10
rupees and the total volume was 489 units.
The symbol for the listed ETF is RELBANK.
Each unit of the ETF is around one-tenth of the value of CNX Bank
Index.
The scheme garnered 150 mln-200 mln rupees during its offer
period, May 12-30.
The scheme seeks to invest at least 90% of its corpus in companies
in CNX Bank Index--in the same proportion as that of the index. The
rest will be invested in money market securities.
The performance of the ETF will be benchmarked against CNX Bank
Index.
The ETF will be managed by Krishan Daga. End
Friday, Jun 27
Reliance Banking Exchange Traded Fund was listed on National Stock
Exchange today at 503 rupees per unit.
At 10:27AM, units of the open-ended ETF were traded at 545.10
rupees and the total volume was 489 units.
The symbol for the listed ETF is RELBANK.
Each unit of the ETF is around one-tenth of the value of CNX Bank
Index.
The scheme garnered 150 mln-200 mln rupees during its offer
period, May 12-30.
The scheme seeks to invest at least 90% of its corpus in companies
in CNX Bank Index--in the same proportion as that of the index. The
rest will be invested in money market securities.
The performance of the ETF will be benchmarked against CNX Bank
Index.
The ETF will be managed by Krishan Daga. End
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