{"id":391917,"date":"2024-10-03T13:05:57","date_gmt":"2024-10-03T07:35:57","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=391917"},"modified":"2025-12-22T10:29:36","modified_gmt":"2025-12-22T04:59:36","slug":"sebis-new-rules-for-index-derivatives-heres-whats-changing","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing","title":{"rendered":"SEBI&#8217;s new rules for index derivatives: Here&#8217;s what&#8217;s changing"},"content":{"rendered":"\r\n<p>On October 1, 2024, SEBI released a <a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/oct-2024\/measures-to-strengthen-equity-index-derivatives-framework-for-increased-investor-protection-and-market-stability_87208.html\">circular<\/a> that changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact.<\/p>\r\n<h3>Increase in contract size<\/h3>\r\n<p>Currently, the contract size for index F&amp;O contracts is between Rs. 5 lakhs to 10 lakhs. Starting November 21, 2024, the contract value will be increased to between Rs. 15 lakhs to Rs. 20 lakhs.<\/p>\r\n<p>To meet this criteria, NSE and BSE will revise the lot sizes for all new index F&amp;O contracts introduced from November 21, 2024, onwards.<\/p>\r\n<ul>\r\n\t<li>Existing weekly and monthly contracts will continue with the current lot sizes until they expire.<\/li>\r\n\t<li>Newly introduced contracts will have the revised lot sizes as follows:<\/li>\r\n<\/ul>\r\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td><strong>Sr. No.<\/strong><\/td>\r\n<td><strong>Index<\/strong><\/td>\r\n<td><strong>Symbol<\/strong><\/td>\r\n<td><strong>Present Market Lot<\/strong><\/td>\r\n<td><strong>Revised Market lot<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>1<\/td>\r\n<td>NIFTY 50<\/td>\r\n<td>NIFTY<\/td>\r\n<td>25<\/td>\r\n<td>75<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>2<\/td>\r\n<td>Nifty Bank<\/td>\r\n<td>BANKNIFTY<\/td>\r\n<td>15<\/td>\r\n<td>30<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>3<\/td>\r\n<td>Nifty Financial Services<\/td>\r\n<td>FINNIFTY<\/td>\r\n<td>25<\/td>\r\n<td>65<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>4<\/td>\r\n<td>Nifty Midcap Select<\/td>\r\n<td>MIDCPNIFTY<\/td>\r\n<td>50<\/td>\r\n<td>120<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>5<\/td>\r\n<td>Nifty Next 50<\/td>\r\n<td>NIFTYNXT50<\/td>\r\n<td>10<\/td>\r\n<td>25<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>6<\/td>\r\n<td>BSE Sensex<\/td>\r\n<td>SENSEX<\/td>\r\n<td>10<\/td>\r\n<td>20<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>7<\/td>\r\n<td>BSE Bankex<\/td>\r\n<td>BANKEX<\/td>\r\n<td>15<\/td>\r\n<td>30<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>8<\/td>\r\n<td>BSE Sensex 50<\/td>\r\n<td>SENSEX50<\/td>\r\n<td>25<\/td>\r\n<td>60<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p>For quarterly and half-yearly contracts:<\/p>\r\n<ul>\r\n\t<li>The lot size will change on December 26, 2024, end of the day for Nifty.<\/li>\r\n\t<li>The lot size will change on December 24, 2024, end of the day for Bank Nifty.<\/li>\r\n\t<li>The Lot size will change on December 27, 2024, end of the day for Sensex.<\/li>\r\n<\/ul>\r\n<p>These changes will come into effect from the following expires:<\/p>\r\n<table style=\"height: 1037px; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td><strong>Index<\/strong><\/td>\r\n<td><strong>Expiry<\/strong><\/td>\r\n<td><strong>Expiry Date<\/strong><\/td>\r\n<td><strong>Effective change<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Nifty 50<\/td>\r\n<td>Weekly<\/td>\r\n<td>December 19, 2024<\/td>\r\n<td>Last weekly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Weekly<\/td>\r\n<td>January 02, 2025<\/td>\r\n<td>First weekly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>January 30, 2025<\/td>\r\n<td>Last monthly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>February 27, 2025<\/td>\r\n<td>First monthly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Quarterly &amp; half yearly<\/td>\r\n<td>March 27, 2025<\/td>\r\n<td>Will be revised from December 26, 2024, end of the day<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Nifty Bank<\/td>\r\n<td>Monthly<\/td>\r\n<td>January 29, 2025<\/td>\r\n<td>Last monthly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>February 26, 2025<\/td>\r\n<td>First monthly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Quarterly<\/td>\r\n<td>March 26, 2025<\/td>\r\n<td>Will be revised from December 24, 2024, end of the day<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Nifty Financial Services<\/td>\r\n<td>Monthly<\/td>\r\n<td>January 28, 2025<\/td>\r\n<td>Last monthly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>February 25, 2025<\/td>\r\n<td>First monthly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Nifty Midcap Select<\/td>\r\n<td>Monthly<\/td>\r\n<td>January 27, 2025<\/td>\r\n<td>Last monthly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>February 24, 2025<\/td>\r\n<td>First monthly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Nifty Next 50<\/td>\r\n<td>Monthly<\/td>\r\n<td>January 31, 2025<\/td>\r\n<td>Last monthly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>February 28, 2025<\/td>\r\n<td>First monthly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Sensex<\/td>\r\n<td>Weekly<\/td>\r\n<td>January 03, 2025<\/td>\r\n<td>Last weekly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Weekly<\/td>\r\n<td>January 10, 2025<\/td>\r\n<td>First weekly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>January 31, 2025<\/td>\r\n<td>Last monthly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>February 28, 2025<\/td>\r\n<td>First monthly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Quarterly &amp; half yearly<\/td>\r\n<td>March 28, 2025<\/td>\r\n<td>Will be revised from December 27, 2024, end of the day<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>BSE Bankex<\/td>\r\n<td>Monthly<\/td>\r\n<td>January 27, 2025<\/td>\r\n<td>Last monthly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>February 24, 2025<\/td>\r\n<td>First monthly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>BSE Sensex 50<\/td>\r\n<td>Monthly<\/td>\r\n<td>January 30, 2025<\/td>\r\n<td>Last monthly expiry with existing lot size<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>&nbsp;<\/td>\r\n<td>Monthly<\/td>\r\n<td>February 27, 2025<\/td>\r\n<td>First monthly expiry with revised lot size<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p><strong>Note: <\/strong>If you hold quarterly and half-yearly contracts in Nifty after 26th December, Bank Nifty after 24th December, and Sensex after 27th December, that are not in multiples of the revised lot size, you won\u2019t be able to square-off the position and will have to hold it until expiry.<\/p>\r\n<p>In such case, you can either buy or sell an additional quantity to match the revised lot size or square off the position beforehand.<\/p>\r\n<p><span id=\"calendar-spread\">\u00a0<\/span><\/p>\r\n<h3>No calendar spread benefits on expiry day<\/h3>\r\n<p>Traders typically hold positions across different expiries (known as calendar spreads), this provides margin benefits and reduces the margin requirements.<\/p>\r\n<p>On the expiry day of the F&amp;O contracts, there&#8217;s a higher risk that the price of the contract expiring will behave very differently from contracts expiring at a later date. This is because of larger trading volumes on that particular day, which can lead to unpredictable price movements.<\/p>\r\n<p>To manage this risk, SEBI has decided that traders will not get any margin benefits for calendar spreads on the day of expiry for contracts expiring on that day from February 10, 2025.<\/p>\r\n<p>Example: Let\u2019s say you have a short option expiring on 31st January with a margin of Rs. 1 lakh and a long option expiring on 28th February. Since your short position is hedged by the long one, you get a margin benefit and need only Rs. 50,000 instead of Rs. 1 lakh.<\/p>\r\n<p>However, on 31st January (expiry day), this margin benefit will no longer be available, and you will have to maintain the full Rs. 1 lakh margin.<\/p>\r\n<h3>Limiting weekly expiry contracts<\/h3>\r\n<p>Currently, there are weekly expiries for 4 indices on NSE and 2 on BSE. Under the new rules, stock exchanges will only be allowed to offer weekly expiry contracts on one benchmark index. This comes into effect from November 20, 2024.<\/p>\r\n<p>NSE has discontinued weekly expires for Bank Nifty, Nifty Financial Services, Nifty Midcap Select, and Nifty Next 50 indices will no longer have weekly expires.<\/p>\r\n<p><a href=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/GZlZON6aoAAGBD0.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/GZlZON6aoAAGBD0.png\" alt=\"\" width=\"1240\" height=\"422\" \/><\/a><\/p>\r\n<p>BSE has discontinued it for BANKEX and Sensex 50 indices.<\/p>\r\n<p><a href=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/GZlZUvYaAAQF6GM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/GZlZUvYaAAQF6GM.png\" alt=\"\" width=\"1240\" height=\"348\" \/><\/a><\/p>\r\n<p>Here\u2019s how the expiry schedule will look like once the changes come into effect.<\/p>\r\n<p><a href=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/GZleZiqaAAECpyS.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/GZleZiqaAAECpyS.png\" alt=\"\" width=\"2020\" height=\"926\" \/><\/a><\/p>\r\n<h3>Additional margins on expiry day<\/h3>\r\n<p>Starting November 20, 2024, an Extreme Loss Margin (ELM) of 2% will be applied to short positions (selling options) on the expiry day to cover potential risks due to increased volatility.\u00a0<\/p>\r\n<p>Example:<\/p>\r\n<ol>\r\n\t<li dir=\"ltr\" role=\"presentation\">You&#8217;re shorting Nifty 26500 CE, which is expiring today<\/li>\r\n\t<li class=\"whitespace-normal break-words pl-2\">Since it&#8217;s the expiry day, a 2% ELM is charged for this short position<\/li>\r\n\t<li class=\"whitespace-normal break-words pl-2\">Additional margin (per lot) = 2% \u00d7 Underlying price \u00d7 Lot size<\/li>\r\n\t<li class=\"whitespace-normal break-words pl-2\">Assuming Nifty is at 26,200, the calculation will be: <br \/>\r\n= (2 \u00f7 100) \u00d7 26,200 \u00d7 75 <br \/>\r\n= \u20b939,300<\/li>\r\n<\/ol>\r\n<h3>Upfront collection of premium while buying options<\/h3>\r\n<p>To ensure there is no additional leverage provided, SEBI has mandated that an option buyer now needs to pay the entire option premium upfront.<\/p>\r\n<p>Nothing changes for you at Zerodha, as we have always collected option premium upfront for buying options.<\/p>\r\n<h3>Intraday monitoring of position limits<\/h3>\r\n<p>SEBI and exchanges have limits on the maximum positions a single client or a broker can hold for a particular contract. For clients, this limit is set at 5% of the total number of all derivative contracts of the same underlying and 15% for brokers.<\/p>\r\n<p>Currently, these limits are monitored at the end of each day by the exchanges. Starting April 1, 2025, these will be monitored multiple times throughout the trading day.<\/p>\r\n<h3>Here\u2019s when all the changes come into effect:<\/h3>\r\n<p><img decoding=\"async\" src=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/lA90d-implementation-nbsp-dates-1.png\" \/><\/p>\r\n<p>If you have any queries, post them on <a href=\"https:\/\/tradingqna.com\/t\/sebis-circular-for-tightening-rules-for-f-o-trading\/174013\">this thread on TradingQnA<\/a>.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>On October 1, 2024, SEBI released a circular that changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact. Increase in contract size Currently, the contract size for index F&amp;O contracts is between Rs. 5 lakhs to 10 lakhs. Starting November 21, 2024, the contract value will be [&hellip;]<\/p>\n","protected":false},"author":176551,"featured_media":391920,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[577,531],"tags":[],"class_list":["post-391917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-updates","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI&#039;s new rules for index derivatives: Here&#039;s what&#039;s changing &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"On October 1, 2024, SEBI released a circular that changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI&#039;s new rules for index derivatives: Here&#039;s what&#039;s changing\" \/>\n<meta property=\"og:description\" content=\"On October 1, 2024, SEBI released a circular that changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-03T07:35:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-22T04:59:36+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Zerodha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Zerodha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing\",\"url\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing\",\"name\":\"SEBI's new rules for index derivatives: Here's what's changing &#8211; Z-Connect by Zerodha\",\"isPartOf\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#primaryimage\"},\"image\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png\",\"datePublished\":\"2024-10-03T07:35:57+00:00\",\"dateModified\":\"2025-12-22T04:59:36+00:00\",\"author\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210\"},\"description\":\"On October 1, 2024, SEBI released a circular that changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact.\",\"breadcrumb\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#primaryimage\",\"url\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png\",\"contentUrl\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png\",\"width\":700,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/zerodha.com\/z-connect\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Updates\",\"item\":\"https:\/\/zerodha.com\/z-connect\/category\/business-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"SEBI&#8217;s new rules for index derivatives: Here&#8217;s what&#8217;s changing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#website\",\"url\":\"https:\/\/zerodha.com\/z-connect\/\",\"name\":\"Zerodha product and business updates\",\"description\":\"Z-Connect is Zerodha&#039;s official blog. Get the latest updates, product announcements news, and insights all in one place.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/zerodha.com\/z-connect\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210\",\"name\":\"Team Zerodha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g\",\"caption\":\"Team Zerodha\"},\"description\":\"Simple and secure, no nonsense investing and trading.\",\"sameAs\":[\"https:\/\/facebook.com\/zerodha.social\",\"https:\/\/x.com\/zerodhaonline\"],\"url\":\"https:\/\/zerodha.com\/z-connect\/author\/team-zerodha\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SEBI's new rules for index derivatives: Here's what's changing &#8211; Z-Connect by Zerodha","description":"On October 1, 2024, SEBI released a circular that changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing","og_locale":"en_US","og_type":"article","og_title":"SEBI's new rules for index derivatives: Here's what's changing","og_description":"On October 1, 2024, SEBI released a circular that changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact.","og_url":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing","og_site_name":"Z-Connect by Zerodha","article_publisher":"https:\/\/www.facebook.com\/zerodha.social","article_author":"https:\/\/facebook.com\/zerodha.social","article_published_time":"2024-10-03T07:35:57+00:00","article_modified_time":"2025-12-22T04:59:36+00:00","og_image":[{"width":700,"height":400,"url":"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png","type":"image\/png"}],"author":"Team Zerodha","twitter_card":"summary_large_image","twitter_creator":"@zerodhaonline","twitter_site":"@zerodhaonline","twitter_misc":{"Written by":"Team Zerodha","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing","url":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing","name":"SEBI's new rules for index derivatives: Here's what's changing &#8211; Z-Connect by Zerodha","isPartOf":{"@id":"https:\/\/zerodha.com\/z-connect\/#website"},"primaryImageOfPage":{"@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#primaryimage"},"image":{"@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#primaryimage"},"thumbnailUrl":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png","datePublished":"2024-10-03T07:35:57+00:00","dateModified":"2025-12-22T04:59:36+00:00","author":{"@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210"},"description":"On October 1, 2024, SEBI released a circular that changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact.","breadcrumb":{"@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#primaryimage","url":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png","contentUrl":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png","width":700,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-new-rules-for-index-derivatives-heres-whats-changing#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/zerodha.com\/z-connect\/"},{"@type":"ListItem","position":2,"name":"Business Updates","item":"https:\/\/zerodha.com\/z-connect\/category\/business-updates"},{"@type":"ListItem","position":3,"name":"SEBI&#8217;s new rules for index derivatives: Here&#8217;s what&#8217;s changing"}]},{"@type":"WebSite","@id":"https:\/\/zerodha.com\/z-connect\/#website","url":"https:\/\/zerodha.com\/z-connect\/","name":"Zerodha product and business updates","description":"Z-Connect is Zerodha&#039;s official blog. Get the latest updates, product announcements news, and insights all in one place.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/zerodha.com\/z-connect\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210","name":"Team Zerodha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g","caption":"Team Zerodha"},"description":"Simple and secure, no nonsense investing and trading.","sameAs":["https:\/\/facebook.com\/zerodha.social","https:\/\/x.com\/zerodhaonline"],"url":"https:\/\/zerodha.com\/z-connect\/author\/team-zerodha"}]}},"jetpack_featured_media_url":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/10\/Price-band.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/391917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/users\/176551"}],"replies":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/comments?post=391917"}],"version-history":[{"count":20,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/391917\/revisions"}],"predecessor-version":[{"id":437724,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/391917\/revisions\/437724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/media\/391920"}],"wp:attachment":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/media?parent=391917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/categories?post=391917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/tags?post=391917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}