The government's ETF conundrum

The government hopes to get Rs 30,000 crore from disinvesting shares in public sector enterprises this financial year. This is widely considered a challenging target because of the lacklustre nature of the stock markets to begin with. That challenge may just have become tougher because of the alternate route the finance ministry has chosen: the Central Public Sector Enterprises Exchange Traded Fund (CPSE-ETF).

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