Market regulator Sebi looks to boost social stock exchange platform

The Securities and Exchange Board of India (Sebi) has proposed reducing the minimum investment amount in Zero Coupon Zero Principal (ZCZP) bonds from Rs 10,000 to Rs 5,000 or Rs 1,000. Investors can contribute to non-profit organisations (NPOs) listed on the social stock exchange (SSE) through ZCZP bonds.

 

  “Based on the deliberations in the special outreach session, and the fact that the introduction of the UPI mechanism for applications will boost the reach of the SSE platform, SSEAC has recommended that the minimum application size for ZCZP issuance may be reduced to Rs 5,000 or such other smaller amount so as to enable more retail participation in ZCZP issuances by NPOs on the SSE,” said Sebi in a consultation paper floated on Friday.

 

The regulator said there is a line-up of more than Rs 5 crore worth of ZCZP issuances. 

Edelweiss MF to merge two Bharat Bond ETFs

  Edelweiss Mutual Fund (MF) has announced it will be merging Bharat Bond ETF - April 2025 with Bharat Bond ETF - April 2030.The effective date of merger is April 15. The merger, according to the fund house, will benefit investors of April 2025 Bharat Bond investors by way of extended maturity and better tax efficiency.  “The investors of the merging scheme will be able to avail long term capital asset status for their investments and benefit from reduced tax liability at the time of redemption from the transferee scheme, provided a combined holding period of greater than 12 months,” Edelweiss MF informed investors.