I have few queries with respect to upcoming CPSE ETF follow on offer.
(1) ETF is traded on exchange. So is the unit price market determined like shares or is it strictly bought/sold on NAV value?
(2) What if I want to buy/sell the ETF directly with mutual fund house? Can it be bought/redeemed like normal mutual fund units through fund house? Is there any exit load?
I dont want to buy/sell ETF units through exchange as there would other expenses like STT, brokerage and other statutory charges. Also liquidity might be an issue.
(3) There is 5% discount to new offer. So who gives this discount from their pocket? The govt? the underlying companies?
(4) If the units are sold on listing/allocation day than does it mean 5% gain (assuming the shares of underlying companies doesnt change or change minor)
Any help on this?
(1) ETF is traded on exchange. So is the unit price market determined like shares or is it strictly bought/sold on NAV value?
(2) What if I want to buy/sell the ETF directly with mutual fund house? Can it be bought/redeemed like normal mutual fund units through fund house? Is there any exit load?
I dont want to buy/sell ETF units through exchange as there would other expenses like STT, brokerage and other statutory charges. Also liquidity might be an issue.
(3) There is 5% discount to new offer. So who gives this discount from their pocket? The govt? the underlying companies?
(4) If the units are sold on listing/allocation day than does it mean 5% gain (assuming the shares of underlying companies doesnt change or change minor)
Any help on this?
CPSE ETF follow on offer
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