DSP ETFs to split units 10:1, NSE changes ISINs effective July 3
The unit split from Rs. 10 to Re. 1 multiplies holdings by 10 while lowering per-unit NAV; the ISIN change is a procedural update for settlement.
What changed
- NSE notifies ISIN change for MIDQ50ADD and HEALTHADD ETFs due to unit sub-division.
- New ISINs effective July 3, 2026; trades after that must use the new codes.
- Unit face value splits from Rs. 10 to Re. 1 per unit.
The read
This is a mechanical corporate action: DSP Mutual Fund is splitting two ETFs, MIDQ50ADD and HEALTHADD, from ₹10 per unit to ₹1, effective July 3, 2026. NSE has assigned new ISINs to reflect the split. Unit count will increase 10x, with the NAV adjusting down proportionally; the total investment value does not change. The real task falls on brokers and custodians: they must update their systems to use the new ISINs on and after the ex-date, or risk trade rejections and settlement mismatches. For holders, no action is required. The split is purely administrative, though the lower face value could improve liquidity over time.
Primary source: official circular (PDF)