Description

DSP BSE Top 10 Banks ETF units (3,253,467 units, Scrip Code 544725) are listed on BSE effective March 12, 2026, under Group B in the Mutual Fund segment, tracking the BSE Top 10 Banks Index.

Summary

BSE has notified trading members that units of DSP BSE Top 10 Banks ETF, an open-ended scheme replicating/tracking the BSE Top 10 Banks Index under DSP Mutual Fund, are listed and admitted to dealings on the Exchange effective Thursday, March 12, 2026, under the ‘B’ Group in the Mutual Fund segment.

Key Points

  • Scrip Code: 544725 | Scrip ID / Abbreviated Name on BOLT: BANK10ADD
  • ISIN: INF740KA1YH2
  • Number of Units Listed: 3,253,467 units
  • Face Value: Rs. 10.00 per unit | Issue Price: Rs. 10.00 per unit
  • Market Lot: 1 unit (trades in unit market lot)
  • Group: B | Segment: Mutual Fund
  • Date of Allotment: March 6, 2026
  • Units will only be traded in dematerialised form as per SEBI guidelines dated February 16, 2000
  • 12 Market Makers designated, including Kotak Securities, Motilal Oswal, Arihant Capital Markets, Share India Securities, and others

Regulatory Changes

No new regulatory changes introduced. Trading is governed by existing SEBI guidelines (dated February 16, 2000) mandating dematerialised trading of mutual fund units.

Compliance Requirements

  • Trading members must ensure all trades in this scrip are executed in dematerialised form only
  • All trades must be conducted in the unit market lot of 1 unit
  • Market makers listed are obligated to provide liquidity as per applicable ETF market-making guidelines

Important Dates

  • Date of Allotment: March 6, 2026
  • Listing / Trading Commencement Date: March 12, 2026
  • Circular Date: March 11, 2026

Impact Assessment

This listing provides investors with exchange-traded access to the top 10 banking stocks on BSE through a passive ETF structure. With 12 designated market makers, liquidity is expected to be adequately supported at launch. The face value and issue price both at Rs. 10 per unit and a market lot of 1 unit makes it accessible for retail investors. Impact is moderate — relevant primarily to mutual fund investors, ETF traders, and market participants in the banking sector.

Impact Justification

Routine ETF listing notice for a new mutual fund scheme; relevant to investors and market makers interested in the banking sector ETF space, with 12 designated market makers ensuring liquidity.