Description
NSE Clearing Limited has revised market wide position limits, trading member limits, and FII/FPI & MF limits for NUVAMA stock effective December 26, 2025 and January 1, 2026.
Summary
NSE Clearing Limited has issued revised position limits for NUVAMA WEALTH MANAGEMENT LIMITED (symbol: NUVAMA) in the Futures & Options segment. This circular modifies previous circulars from April 29, 2025, September 22, 2025, and December 22, 2025. The revised limits apply to market wide position limits (MWPL), trading member-wise position limits, FII/FPI (Category I & II), and mutual fund position limits, with changes effective from December 26, 2025 and January 1, 2026.
Key Points
- Market Wide Position Limit (MWPL) increased from current levels to 12,223,323 shares effective December 26, 2025
- MWPL further increased to 12,267,678 shares effective January 1, 2026
- Overall stock limit for TM, FII/FPI (Category I) & MF set at 3,666,750 shares (Dec 26) and 3,680,000 shares (Jan 1)
- FPI Category II (other than individuals, family offices and corporates) limit set at 2,444,625 shares (Dec 26) and 2,453,500 shares (Jan 1)
- FPI Category II (individuals, family offices and corporates) limit set at 1,222,125 shares (Dec 26) and 1,226,500 shares (Jan 1)
- Circular issued by Department of Futures & Options, NSE Clearing Limited
Regulatory Changes
This circular partially modifies three previous circulars:
- Circular no. 043/2025 (NCL/CMPT/67750) dated April 29, 2025
- Circular no. 125/2025 (NCL/CMPT/70316) dated September 22, 2025
- Circular no. 166/2025 (NCL/CMPT/71934) dated December 22, 2025
The modifications specifically update position limits for the NUVAMA symbol across different investor categories.
Compliance Requirements
- All members must take note of the revised position limits
- Trading members must ensure compliance with the new limits for NUVAMA symbol
- FII/FPI entities (both Category I and Category II) must adhere to their respective revised position limits
- Mutual funds must comply with the updated position limits
- Position limits must be monitored and maintained within the specified thresholds from the respective effective dates
Important Dates
- December 24, 2025: Circular issuance date
- December 26, 2025: First set of revised limits becomes effective (MWPL: 12,223,323 shares; TM/FII/FPI/MF: 3,666,750 shares; FPI Cat II others: 2,444,625 shares; FPI Cat II individuals/family offices/corporates: 1,222,125 shares)
- January 1, 2026: Second set of revised limits becomes effective (MWPL: 12,267,678 shares; TM/FII/FPI/MF: 3,680,000 shares; FPI Cat II others: 2,453,500 shares; FPI Cat II individuals/family offices/corporates: 1,226,500 shares)
Impact Assessment
Market Impact: The increase in position limits for NUVAMA indicates growth in the stock’s liquidity and open interest in the derivatives segment. The higher limits provide additional capacity for institutional investors and trading members to take larger positions.
Institutional Impact: The revised limits affect multiple categories of institutional investors including trading members, FIIs, FPIs (both categories), and mutual funds. The differentiation between FPI Category II subcategories (individuals/family offices/corporates vs. others) continues to apply distinct limits.
Operational Impact: Trading members and institutional investors dealing in NUVAMA derivatives need to update their risk management systems and position monitoring frameworks to reflect the new limits. The staggered implementation (December 26 and January 1) requires two updates within a short timeframe.
Contact Information: For queries, members can contact NSE Clearing Limited at telephone number 1800 266 0050 (IVR Option 2) or email fao_clearing_ops@nsccl.co.in.
Impact Justification
Routine position limit revision for a specific stock affecting institutional investors and trading members, with modest increases in limits