An index with complete property below administration of greater than Rs 20,000 crore is named a cloth index: SEBI

1 Min Read

Securities and Alternate Board of India (SEBI). file

The Securities and Alternate Board of India (SEBI), in a round issued on Could 6, 2026, specified {that a} benchmark or index tracked by a mutual fund is a “materials index” if its complete property below administration exceed Rs 20,000 crore.

The capital markets watchdog stated the usual can be examined each six months.

“A benchmark or index (together with an index of indexes) based mostly on publicly traded securities has a day by day common cumulative property below administration (AUM) of

Benchmark or index throughout mutual fund schemes exceeds ₹20,000 crore

SEBI stated in a round, “For the previous six months ending on June 30 and December 31 of yearly, and ending on June 30 and December 31 of yearly,” the regulator listed 48 indices together with BSE 100, BSE 500, Nifty 50 and Nifty Financial institution below the listing of vital indexes.

Index suppliers providing indices that don’t fall below the RBI will likely be required to “submit an utility for registration as an index supplier with SEBI” inside six months from the date of the notification, the regulator stated.

See also  Sebi bans Jane Road past "unlawful revenue" of over 4,843 crores
Share This Article
Leave a comment