Monday, March 17, 2014

AVOID CPSE PSU ETF - GO FOR DIVERSIFIED EQUITY FUND

 
The Government after failing miserably with its Disinvestment program, has now come out with a Central Public Sector Enterprises PSU ETF route to achieve the same.
The issue opens for subscription to retail investor on 19th of March and to lure the doubtful and wary investors, the Govt has dangled a Carrot in form of Discount of 5% and also a Loyalty units to those who stay with the scheme for 1 year, in the form of 1 Bonus Unit for every 15 units held.

Now, should you invest?

the PSUs have failed miserably on all fronts, be it fundamental, volume wise, market cap, etc in the last 5 years and this is reflected in the PSU index quoting at a steep 40% discout to its Lifetime High whereas the Sensex is making New High every day.

For more details you can read my article on the same at http://stockmusings.com/central-public-sector-psu-etf/#comments

In case of any doubts, clarification, do post them in the Feedback/comment section, I will be more than glad to clear them.

Also visit http://equityadvise.blogspot.com

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