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NSE Clearing Limited Announces Revised List of Cross Margin Eligible ETFs Effective July 26, 2024

July 24, 2024 - Mumbai, India

NSE Clearing Limited has issued an important update regarding the revised list of Cross Margin Eligible Exchange Traded Funds (ETFs). This update, which takes effect from July 26, 2024, is detailed in the latest circular issued by the Capital Market Segment of NSE Clearing Limited.

The revised list is an update to the previous circular (no. 0110/2024, Download Reference No: NCL/CMPT/62638) dated June 26, 2024, and outlines the new set of ETFs that qualify for cross margining. This measure is part of the ongoing efforts to enhance trading efficiency and risk management in the capital market segment.

Revised List of Cross Margin Eligible ETFs:

Symbol	Scheme Name	Minimum Quantity Required
NIFTYBEES	NIPPON INDIA ETF NIFTY BEES	2500
ITBEES	NIP IND ETF IT	25000
PSUBNKBEES	NIPPON INDIA ETF PSU BANK BEES	7500
SETFNIF50	SBI-ETF NIFTY 50	2500
NIFTYIETF	ICICI PRUDENTIAL NIFTY ETF	2500
PHARMABEES	NIPPONAMC - NETFPHARMA	25000
AUTOBEES	NIPPONAMC - NETFAUTO	2500
NIFTYETF	MIRAEAMC - MAN50ETF	2500
MIDCAPETF	MIRAEAMC - MAM150ETF	25000
UTINIFTETF	UTI MUTUAL FUND - UTI-NIFTY EXCHANGE TRADED FUND	2500
ITETF	MIRAEAMC - ITETF	25000
BFSI	MIRAEAMC - MAFSETF	25000
NEXT50	MIRAEAMC - MANXT50	1000
IT	KOTAKMAMC - KOTAKIT	25000
NIFTY1	KOTAK MAHINDRA MUTUAL FUND-KOTAK NIFTY ETF	2500
SBIETFIT	SBIAMC - SBIETFIT	2500
AXISBNKETF	AXISAMC - AXISBNKETF	1000
AXISTECETF	AXISAMC - AXISTECETF	2500
ITETFADD	DSPAMC - DSPITETF	25000
MOHEALTH	MOTILALAMC - MOHEALTH	25000
TECH	BIRLASLAMC - TECH	25000
AXISHCETF	AXISAMC - AXISHCETF	5000

This revision aims to streamline the process and enhance the efficiency of cross margining for ETFs. Traders and investors dealing in these ETFs can benefit from optimized margin requirements, thus facilitating better capital utilization.

For more details, members and interested parties are encouraged to refer to the official circular available on the NSE Clearing Limited website or contact the NSE Clearing Limited support team.

Contact Information:

NSE Clearing Limited

• Telephone: 18002660050 (IVR Option - 2)
• Email: cm_clearing_ops@nsccl.co.in

This announcement underscores NSE Clearing Limited’s commitment to providing a robust and efficient trading environment, ensuring that market participants have the necessary tools and information for effective trading and risk management.