Life Insurance companies, Bharti Axa Life Insurance Company, General Insurance Corporation of India, Life Insurance Corporation of India, National Insurance Company, The New India Assurance and United India Insurance and State Bank of India invested Rs 8.35 billion as anchor investors in CPSE ETF, an open-ended Index exchange traded scheme new fund offer.
Managed by Goldman Sachs Asset Management (India), CPSE ETF is an open ended scheme to be listed on the exchanges in the form of an ETF, which tracks the central public sector enterprises (CPSE) Index.