Description
Listing and admission to trading of Motilal Oswal Nifty India Defence ETF units on BSE effective January 19, 2026, an open-ended fund tracking the Nifty India Defence Total Return Index.
Summary
BSE has announced the listing of Motilal Oswal Nifty India Defence ETF units effective Monday, January 19, 2026. The open-ended ETF replicates the Nifty India Defence Total Return Index and will trade in the ‘B’ Group with 750,000 units initially listed. The ETF will trade in dematerialized form only with a market lot of 1 unit.
Key Points
- Scrip Code: 590152
- ISIN: INF247L01DJ0
- BOLT System ID: MODEFENCE
- Face Value: Rs. 10.00 per unit
- Issue Price: Rs. 85.86 per unit
- Number of Units: 750,000
- Market Lot: 1 unit
- Group: B
- Date of Allotment: August 21, 2024
- Listing Date: January 19, 2026
- Investment Manager: Motilal Oswal Asset Management Company Limited
- Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai-400025
Market Makers
Three designated market makers for the ETF:
- East India Securities Ltd.
- Motilal Oswal Financial Services Limited
- Kanjalochana Finserve Private Limited
- Irage Broking Services LLP
Regulatory Changes
No regulatory changes introduced. The circular confirms adherence to existing SEBI guidelines dated February 16, 2000, mandating that mutual fund units trade only in dematerialized form.
Compliance Requirements
- Trading members must ensure all trades in this ETF are executed in dematerialized form only
- Trades must be effected in unit market lot (1 unit)
- Standard mutual fund trading and settlement procedures apply
Important Dates
- Notice Date: January 16, 2026
- Listing Date: January 19, 2026 (Monday)
- Date of Allotment: August 21, 2024
Registrar and Transfer Agent
KFin Technologies Limited
- Address: Selenium, Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad Rangareddi TG 500032
- Email: compliance.corp@kfintech.com
- Phone: 040 79611000
Contact Information
At AMC:
- Motilal Oswal Asset Management Company Limited
- Address: Mafatlal Centre, 10th Floor, Nariman Point, Mumbai 400 021
- Phone: 8108622222 / 2240548002
- Email: amc@motilaloswal.com
At BSE:
- Mr. Parag Jain - Manager, Listing Operations
- Phone: 022-2272 8685
- Email: mf.listing@bseindia.com
Impact Assessment
This listing provides investors with a new investment vehicle for gaining exposure to India’s defence sector through a passively managed ETF tracking the Nifty India Defence Total Return Index. The availability of four market makers ensures liquidity support. The impact is limited to expanding investment options in the thematic ETF segment with no material effect on existing market operations or trading infrastructure.
Impact Justification
Routine ETF listing announcement with no regulatory changes or compliance requirements for existing market participants