ETFs units, direct transaction with AMCs shall be facilitated only for transactions above Rs 25 Cr: SEBI
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- Last Updated on 31 October, 2022
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CIRCULAR NO. SEBI/HO/IMD/DOF2/P/CIR/2022/145, Dated 28.10.2022
Earlier, SEBI in May 23, 2022 introduced a circular on “Development of passive funds”. Clause 2(IV)(A) of the aforesaid circular prescribed that in respect of units of ETFs, direct transaction with AMCs shall be facilitated for investors only for transactions above a specified threshold of Rs 25 Cr. Further, the applicability of the circular shall be from November 01, 2022. Now, SEBI has extended the applicability of circular to May 01, 2023.
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