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CPSE ETF Review: What is CPSE ETF, how to invest in it ... Jan 29, 2020 · What is CPSE ETF? CPSE ETF is an exchange-traded fund that invests in 12 state-owned companies that are a part of the Nifty CPSE index. It runs a concentrated portfolio with a handful of stocks having weights as high as 20 per cent on the underlying index. The portfolio is concentrated towards the energy and oil sector.