Securities and Exchange Board of India (SEBI).
| Photo Credit: Reuters
The Securities and Exchange Board of India (SEBI) proposed a ₹20,000 crore threshold to identify “significant” indices relating to the Index Providers’ Regulations, 2024.
The consultation paper containing the proposal was released with the intent to strengthen governance of benchmarks used by mutual funds.
The capital market regulator identified and proposed 47 indices as significant going by the proposed threshold after discussions with the Association of Mutual Funds of India (AMFI), the industry body for Asset Management Companies.
The proposed regulation does not apply to indices regulated by RBI. Grievances under the regulation can be addressed only to the subscribers of significant indices, SEBI said in the paper.
The regulator has given time till February 10, 2026 for comments on the proposal.
Published – January 20, 2026 03:37 am IST
