Description

BSE announces the listing and admission to trading of Mirae Asset Nifty Top 20 Equal Weight ETF units in the B Group, effective December 19, 2025.

Summary

BSE has announced the listing of Mirae Asset Nifty Top 20 Equal Weight ETF units effective December 19, 2025. The ETF is an open-ended scheme that replicates/tracks the Nifty Top 20 Equal Weight Total Return Index. A total of 6,484,327 units will be listed in the B Group with scrip code 544660, trading in dematerialized form only with a market lot of 1 unit.

Key Points

  • ETF Name: Mirae Asset Nifty Top 20 Equal Weight ETF
  • Investment Manager: Mirae Asset Investment Managers (India) Private Limited
  • Total Units: 6,484,327 units
  • Scrip Code: 544660
  • ISIN: INF769K01PZ5
  • Scrip ID: TOP20
  • Face Value: Rs. 10.00 per unit
  • Issue Price: Rs. 9.62 per unit
  • Date of Allotment: December 15, 2025
  • Group: B
  • Market Lot: 1 unit
  • Trading Mode: Dematerialized form only (as per SEBI guidelines dated February 16, 2000)

Regulatory Changes

No regulatory changes. This is a standard listing notification following existing SEBI guidelines for mutual fund units trading in dematerialized form.

Compliance Requirements

  • Trading members must note that units will only be traded in dematerialized form as per SEBI guidelines
  • Trades will be executed in unit market lots (1 unit)
  • Market makers have been appointed to provide liquidity

Important Dates

  • Allotment Date: December 15, 2025
  • Listing Date: December 19, 2025 (Friday)
  • Notice Date: December 18, 2025

Impact Assessment

Market Impact: Minimal. This is a routine ETF listing that adds a new investment product tracking the Nifty Top 20 Equal Weight Total Return Index to the BSE platform.

Investor Impact: Provides investors with access to a new passive investment vehicle offering equal-weight exposure to top 20 Nifty stocks, diversifying away from market-cap weighted concentration.

Liquidity: Five market makers have been appointed to ensure adequate liquidity: Mirae Asset Capital Markets (India) Private Limited, Kanjalochana Finserve Private Limited, East India Securities Limited, Parwati Capital Markets Privates Limited, Vaibhav Stock & Derivatives Broking Private Limited, and IRage Broking Services LLP.

Additional Information

Registrar and Transfer Agent: KFIN Technologies Limited, Karvy Selenium, Tower B, Plot Number 31 & 32, Financial District, Gachibowli, Hyderabad - 500 034

Contact Person at RTA: Mr. Babu PV (Tel: 040-3321 5237, Email: babu.pv@kfintech.com)

AMC Office: Unit No. 606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai 400098

Exchange Contact: Mr. Parag Jain - Manager, Listing Operations (Tel: 022-2272 8685, Email: direct.listing@bseindia.com)

Impact Justification

Routine ETF listing notification for a new scheme tracking Nifty Top 20 Equal Weight Index. Standard procedure with no market-wide impact.