SEBI Proposes New Norms for 'Significant Indices', Seeks Public Feedback

• SEBI has proposed a clear definition for 'significant indices' in the Indian securities market to enhance transparency and accountability.
• An index will be classified as 'significant' if it is tracked or benchmarked by domestic mutual fund schemes with cumulative Assets Under Management (AUM) exceeding Rs 20,000 crore.
• The AUM threshold will be calculated based on the daily average of AUM for the past six months, ending June 30 and December 31 annually.
• Index providers administering significant indices will need to register with SEBI within six months of the new circular's implementation, excluding RBI-regulated benchmarks.
• SEBI has identified 47 significant indices, including Nifty 50 and Sensex, and invites public comments on the draft circular until February 10, 2026.

Why It Matters: SEBI introduces new regulations for 'significant indices' to boost market transparency and accountability.