NSE Clearing Limited has suspended AXISBPSETF (Axis Nifty AAA Bond Plus SDL Apr 2026 50-50 ETF) and SDL26BEES (Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight) from the Securities Lending & Borrowing (SLB) segment with immediate effect. This follows their earlier suspension from Capital Market trading announced on April 24, 2026.

Key Points

• AXISBPSETF and SDL26BEES are no longer available for transactions in the SLB segment, effective immediately
• The suspension follows Capital Market trading suspensions announced via NSE/CML/73883 and NSE/CML/73887 dated April 24, 2026
• This circular is issued by NSE Clearing Limited (NCL), extending the suspension from Capital Market to the SLB segment
• Reference is made to prior NCL circular NCL/CMPT/73944 dated April 28, 2026 on the revised SLB securities list

Regulatory Changes

Both ETFs are removed from the list of eligible securities in the SLB scheme. The action cascades from the exchange-level Capital Market suspension to the clearing corporation level for the SLB segment.

Compliance Requirements

• All Participants and Custodians must cease initiating new SLB transactions involving AXISBPSETF and SDL26BEES immediately
• No further transactions in these securities will be permitted in the SLB segment

Important Dates

• April 24, 2026: NSE suspended AXISBPSETF and SDL26BEES from Capital Market trading
• April 28, 2026: NCL issued revised SLB securities list (NCL/CMPT/73944)
• April 30, 2026: SLB segment suspension effective immediately upon issuance of this circular

Impact Assessment

Participants and custodians actively using AXISBPSETF or SDL26BEES in lending/borrowing arrangements must wind down or avoid new positions in these instruments in the SLB segment. Both ETFs are linked to April 2026 SDL maturities, suggesting the suspension is tied to the ETFs reaching end-of-life. Impact is limited to SLB segment users of these two specific ETFs.