Description
NSE circular announcing the listing of 911,434 units of Kotak Nifty Next 50 ETF with effect from January 14, 2026, with market makers appointed for trading.
Summary
National Stock Exchange of India has announced the listing of units issued by Kotak Mahindra Asset Management Company Limited under the Kotak Nifty Next 50 ETF scheme. The ETF will be admitted to dealings on the Capital Market segment effective January 14, 2026. A total of 911,434 units with ISIN INF174KA1YO3 were allotted on January 07, 2026, and will trade under the symbol NEXT50ETF with a market lot of 1 unit.
Key Points
- ETF Symbol: NEXT50ETF
- ISIN: INF174KA1YO3
- Total Units Listed: 911,434 units
- Face Value: Rs. 10/- per unit
- Issue Price: Rs. 70.80 per unit
- Market Lot: 1 unit
- Date of Allotment: January 07, 2026
- Four market makers appointed: Kotak Securities Limited, Parwati Capital Market Private Limited, Kanjalochana Finserve Private Limited, and Motilal Oswal Financial Services Limited
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification issued in pursuance of Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Compliance Requirements
- Trading members to use designated security code for the ETF
- Trading to be conducted in the specified market lot size of 1 unit
- Market makers (TM Codes: 8081, 11890, 90246, 10412) to provide liquidity as per exchange requirements
Important Dates
- January 07, 2026: Date of allotment of ETF units
- January 13, 2026: Circular issuance date
- January 14, 2026: Effective date for trading commencement
Impact Assessment
This is a routine ETF listing with minimal market impact. The Kotak Nifty Next 50 ETF provides investors with exposure to the Nifty Next 50 index constituents. The appointment of four market makers ensures adequate liquidity for trading. The small lot size of 1 unit makes the ETF accessible to retail investors. No significant operational changes or compliance burdens are imposed on trading members beyond standard listing procedures.
Contact Information
Asset Management Company: Kotak Mahindra Asset Management Company Limited 6th Floor, Kotak Towers, Building No. 21, Infinity Park Malad (East), Mumbai 400097 Tel: 18003091490 Contact: Ms. Jolly Bhatt (Jolly.Bhatt@kotak.com)
Registrar and Transfer Agent: Computer Age Management Services Private Limited Chennai - 600002 Tel: 044 6110 4034/2843330 Contact: Mr. R. Viswanathan (viswanathan.r@camsonline.com)
Impact Justification
Routine ETF listing notification with standard market maker arrangements and no systemic market impact