Description

LIC Mutual Fund Asset Management Ltd has announced a split in units of LIC MF GOLD ETF (Scrip Code 533719), changing the face value from Rs. 100 to Re. 1 per unit, effective March 6, 2026.

Summary

BSE has notified trading members that LIC Mutual Fund Asset Management Ltd has fixed the record date for a change in face value (unit split) of LIC MF GOLD ETF (Scrip Code 533719, ISIN INF397L01554). The face value of each unit will be reduced from Rs. 100 to Re. 1, effective March 6, 2026 (Settlement No. DR-834/2025-2026).

Key Points

  • Scheme affected: LIC MF GOLD ETF (Scrip Code: 533719)
  • Current ISIN: INF397L01554
  • Record Date: March 6, 2026
  • Ex-Date: March 6, 2026 (Settlement No. DR-834/2025-2026)
  • Face value changes from Rs. 100 per unit to Re. 1 per unit (100:1 split ratio)
  • New ISIN for the split units will be communicated via a separate notice

Regulatory Changes

The ETF units will trade with the new face value of Re. 1 per unit with effect from March 6, 2026. A new ISIN will be assigned to the split units and communicated separately to the market.

Compliance Requirements

  • Trading members must update their systems to reflect the new face value of Re. 1 per unit effective March 6, 2026
  • Members should monitor BSE notices for the new ISIN number to be issued prior to the record date
  • Depository participants and clearing members need to account for the change in unit count for existing holders post-record date

Important Dates

  • Circular Date: February 25, 2026
  • Record Date: March 6, 2026
  • Ex-Date: March 6, 2026
  • Effective Trading Date (New Face Value): March 6, 2026 (DR-834/2025-2026)

Impact Assessment

This is a standard unit split corporate action for LIC MF GOLD ETF. Existing unit holders will see their unit count increase proportionally (100x) while the per-unit price adjusts correspondingly, leaving the overall investment value unchanged. The change in face value improves liquidity and affordability of the ETF for retail investors. Trading members and depositories must ensure system readiness for the new ISIN and adjusted unit quantities before March 6, 2026.

Impact Justification

Face value split of a gold ETF affects unit pricing and trading mechanics for existing holders and traders, but is a routine corporate action with a clearly defined record date and no immediate financial loss to investors.