Description

BSE announces change in trading symbols for 11 ETF schemes of UTI Asset Management Company Limited effective December 24, 2025.

Summary

BSE has announced changes to the trading symbols of 11 Exchange Traded Fund (ETF) schemes managed by UTI Asset Management Company Limited. The new symbols will become effective from December 24, 2025. This change affects equity ETFs tracking Nifty and Sensex indices, sector-specific ETFs, government securities ETFs, and commodity ETFs (Gold and Silver).

Key Points

  • 11 UTI AMC ETF schemes will have new trading symbols effective December 24, 2025
  • Changes include major index ETFs: Nifty 50, Sensex, Nifty Next 50, and Sensex Next 50
  • Sector and thematic ETFs affected: Nifty Midcap 150, Nifty IT, and Nifty Bank
  • Government securities ETFs: Nifty 10-year and 5-year Benchmark G-Sec ETFs
  • Commodity ETFs: UTI Gold ETF and UTI Silver ETF
  • Scrip codes and ISIN numbers remain unchanged
  • New symbols follow a standardized naming convention with “BETA” suffix

Symbol Changes

Equity Index ETFs

  1. UTI Nifty 50 ETF (539313): UTINIFTETF → NIFTYBETA
  2. UTI BSE Sensex ETF (539312): UTISENSETF → SENSEXBETA
  3. UTI Nifty Next 50 ETF (540669): UTINEXT50 → NEXT50BETA
  4. UTI BSE Sensex Next 50 ETF (542513): UTISXN50 → SNXT50BETA
  5. UTI Nifty Midcap 150 ETF (543975): NIFMID150 → MIDCAPBETA

Sector ETFs

  1. UTI Nifty IT ETF (544102): NIFITETF → ITBETA
  2. UTI Nifty Bank ETF (543226): UTIBANKETF → BANKBETA

Government Securities ETFs

  1. UTI Nifty 10 yr Benchmark G-Sec ETF (544104): NIF10GETF → GILT10BETA
  2. UTI Nifty 5 yr Benchmark G-Sec ETF (544103): NIF5GETF → GILT5BETA

Commodity ETFs

  1. UTI Gold Exchange Traded Fund (590101): GOLDSHARE → GOLDBETA
  2. UTI Silver Exchange Traded Fund (543900): SILVERETF → SILVERBETA

Compliance Requirements

  • Exchange members must update their trading systems with new ETF symbols before December 24, 2025
  • Market participants should update order management systems, risk management tools, and trading algorithms
  • Investors and traders need to use new symbols for placing orders from December 24, 2025 onwards
  • Internal databases and reference materials should be updated to reflect the new symbol nomenclature

Important Dates

  • Notice Date: December 23, 2025
  • Effective Date: December 24, 2025 (new symbols become active)

Impact Assessment

Operational Impact

  • Medium impact on trading operations as market participants must update systems within one business day
  • Potential for order placement errors if traders use old symbols after the effective date
  • Automated trading systems and algorithms require reconfiguration

Market Impact

  • No impact on underlying securities, NAV, or holdings of the ETFs
  • Scrip codes and ISIN numbers remain unchanged, maintaining continuity in settlement and depository systems
  • Standardized naming convention (BETA suffix) may improve clarity and consistency in ETF identification

Investor Impact

  • Investors holding these ETFs are not required to take any action
  • New symbol names must be used for fresh purchase or sale orders from December 24, 2025

Impact Justification

Symbol changes for 11 ETF schemes require traders and market participants to update their systems and references. Medium impact as it affects trading operations but does not change underlying securities or market structure.