Mumbai, June 15 (IANS) The Securities and Exchange Board of India (SEBI) on Monday proposed a major overhaul of the framework governing exchange-traded funds (ETFs), introducing dynamic price bands, revised base price calculations, and new auction mechanisms to ensure ETF prices more accurately reflect the value of their underlying assets. In a consultation, the market regulator said the changes were prompted by concerns that the existing ETF trading framework relies on reference prices with a o…
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