“Given the resounding success of the earlier product, a new product was designed after the lessons learned from other CPSE (central public sector enterprises) ETF,” said Anuradha Thakur, joint secretary, department of investment and public asset management, Ministry of Finance. However, unlike CPSE, this ETF also comprises three companies – L&T, ITC, and Axis Bank – in which the central government holds a stake through the SUUTI route. “We have given a 3% discount. This is a good discount given that half of the companies are bluechips. If we get a good response we can go beyond the issue size of Rs 8,000 crore,” added Thakur.