NSE’s Listing Department has announced a face value split for the Invesco India Gold Exchange Traded Fund (symbol: IVZINGOLD). The face value and paid-up value will be reduced from Rs. 100 to Re. 1 per unit, effective April 30, 2026.

Key Points

• ETF affected: Invesco India Gold Exchange Traded Fund (IVZINGOLD)
• Existing face value and paid-up value: Rs. 100
• New face value and paid-up value: Re. 1
• Effective date: April 30, 2026
• Circular issued by NSE Listing Department under Ref No. NSE/CML/73816

Regulatory Changes

The face value and paid-up value of IVZINGOLD units will be formally changed as per this circular. This is a structural change to the ETF unit denomination, not a change to the underlying gold holdings or NAV.

Compliance Requirements

• All NSE members are informed of the change and must update their systems accordingly before April 30, 2026.
• Depositories, registrars, and relevant intermediaries should process the face value change in their records effective April 30, 2026.

Important Dates

• April 20, 2026: Circular issued by NSE
• April 30, 2026: Face value split becomes effective

Impact Assessment

The face value split from Rs. 100 to Re. 1 (a 100:1 ratio) will increase the number of units outstanding proportionally, making individual units more affordable and potentially improving liquidity for retail investors. The total value of holdings for existing unit holders remains unchanged. Members and market participants should ensure their trading and back-office systems reflect the new face value from April 30, 2026.