SEBI proposes to tweak price bands, base prices of equity, debt, gold ETFs
This story was originally published at 23:19 IST on 13 February 2026
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MUMBAI – The Securities and Exchange Board of India has proposed to tweak price bands of exchange-traded funds and the way their base prices are calculated. SEBI has asked for comments on the consultation paper latest by Mar. 6.
Currently, the base price to calculate price bands for ETFs is calculated based on the closing net asset value of T-2 day. However, this results in a lag of one day and increase the risk of errors while adjusting for bonus, dividends, among others.
SEBI recommended three options to change the way base price is calculated for ETFs. It said the base price to calculate price band could be the closing price of ETFs on T-1 day, or the average indicative NAV of the last 30 minutes of T-1 day, or the closing NAV of T-1 day.
SEBI recommended to introduce 10% initial price band for equity and debt ETFs, along with the 20% price band. SEBI also proposed to introduce a 6% initial price band, along with the 20% price band. Currently, these ETFs only have a price band of 20%. End
Reported by Anshul Choudhary
Edited by Deepshikha Bhardwaj
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