The ETF is open for anchor investors on 18th July and for all other investors on 19th July. This ETF will entitle you to tax exemption under Section 80C of the Income Tax Act subject to lock in period of 3 years. But that is yet to be notified in the Finance Bill. It is an ETF of high dividend paying companies and has a dividend yield of nearly 5.3%. Buy these ETFs if you he a long term perspective for regular income and not for capital appreciation.