Description

NSE notifies the listing of two new ETF schemes by Mirae Asset - Nifty Top 20 Equal Weight ETF (Symbol: TOP20) and BSE 500 Dividend Leaders 50 ETF (Symbol: DIVIDEND) effective December 19, 2025.

Summary

National Stock Exchange of India has announced the listing of units issued by Mirae Asset Investment Managers (India) Private Limited for two Exchange Traded Funds (ETFs) on the Capital Market segment. The Mirae Asset Nifty Top 20 Equal Weight ETF (Symbol: TOP20) with 6,484,327 units and Mirae Asset BSE 500 Dividend Leaders 50 ETF (Symbol: DIVIDEND) with 1,884,753 units will commence trading from December 19, 2025.

Key Points

  • Two new ETFs admitted to trading on NSE Capital Market segment effective December 19, 2025
  • Mirae Asset Nifty Top 20 Equal Weight ETF: Symbol TOP20, ISIN INF769K01PZ5, 6,484,327 units
  • Mirae Asset BSE 500 Dividend Leaders 50 ETF: Symbol DIVIDEND, ISIN INF769K01PY8, 1,884,753 units
  • Both ETFs have face value and paid-up value of Rs. 10/- per unit
  • Market lot size: 1 unit for both ETFs
  • Date of allotment: December 15, 2025
  • Issue price: Rs. 9.69 for TOP20 and Rs. 35.59 for DIVIDEND
  • Six market makers appointed: East India Securities Limited, Kanjolachana Finserve Private Limited, Mirae Asset Capital Markets (India) Private Limited, Parwati Capital Markets Privates Limited, Vaibhav Stock & Derivatives Broking Private Limited, and IRage Broking Services LLP

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification pursuant to Regulation 3.1.1 and 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • Trading members must use the designated security codes for trading these ETFs
  • Securities shall be identified only by designated codes (TOP20 and DIVIDEND)
  • Trading must be conducted in specified lot sizes (market lot of 1 unit)
  • Securities will trade in the EQ series

Important Dates

  • Date of Allotment: December 15, 2025
  • Effective Date of Trading: December 19, 2025
  • Circular Date: December 18, 2025
  • Circular Reference: NSE/CML/71879, Circular No. 2471/2025

Impact Assessment

Market Impact: Low - Routine listing of new ETF units that expands investment options for market participants. The addition of two thematic ETFs (top 20 equal weight and dividend leaders) provides investors with additional passive investment vehicles.

Operational Impact: Minimal - Standard ETF listing with established market makers ensuring liquidity. The appointment of six market makers indicates adequate liquidity support arrangements.

Investor Impact: Positive for investors seeking diversified exposure through passive investment strategies in large-cap equal-weighted stocks and dividend-paying companies.

Contact Information

Asset Management Company: Mirae Asset Investment Managers (India) Private Limited Unit No. 606, 6th Floor, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai – 400098 Tel: 022-67800312 Email: compliance@miraeassetmf.co.in Website: www.miraeassetmf.co.in Contact Person: Ms. Rimmi Jain

Trustee: Mirae Asset Trustee Company Private Limited Unit No. 606, 6th Floor, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai – 400098 Tel: 022-67800300

Registrar and Transfer Agent: KFin Technologies Limited Karvy Selenium, Tower-B, Plot No. 31 & 32, Survey No. 116/22, 115/24, 115/25, Financial District, Nankramguda, Serilingampally, Ranga Reddy District, Hyderabad – 500032 Tel: 040 3321 5237 Email: babu.pv@kfintech.com Website: https://mfs.kfintech.com/mfs/ Contact Person: Mr. Babu PV

Impact Justification

Routine listing of new ETF units with no impact on existing securities or market operations