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Street signs: Sebi NAV rule, more bumper listings on the cards, and more

Market players believe the new Sebi rule on net asset values (NAVs) will help capture the transactions on both asset and liability sides without any lag

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The last two IPOs of Happiest Minds and Rossari Biotech witnessed bumper listings. The trend is likely to continue with future listings, if grey market activity is any indication

Ashley Coutinho Sundar Sethuraman Samie Modak Mumbai/ Thiruvananthapuram

2 min read Last Updated : Sep 20 2020 | 10:27 PM IST

Sebi NAV rule to benefit index funds

Market players believe the new Sebi rule on net asset values (NAVs) will help capture the transactions on both asset and liability sides without any lag, thereby minimising the tracking error for index funds. Earlier, investors who put in below Rs 2 lakh got the NAV of the same day irrespective of when the money (cheque) was realised. This impacted index funds, especially during volatility. The total AUM of index and ETF funds (excluding gold ETFs) stood at Rs 2.19 trillion at the end of August 2020.

Ashley Coutinho

More bumper listings on the

Topics : Street Signs Sebi Happiest Minds Rossari Biotech initial public offerings IPOs

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