SEBI's new ETF trading rules effective today use previous day's VWAP as base price instead of T-2 NAV. Equity/debt ETFs have 10-20% bands; gold/silver ETFs have 6% bands with pre-open auction. Overnight ETFs remain at 5%. This aims to align market prices more closely with underlying asset values.
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SEBI Revamps ETF Trading Rules: What Investors Need To Know
