Back
Announcements on #Updates
Wednesday, September 16, 2026 4:50 pm
Please note that all ITM, ATM & CTM CRUDEOIL and CRUDEOILMINI option contracts expiring on 17th September 2026 will be converted into futures contracts. To avoid the square-off of your positions, please ensure you maintain sufficient margin for the futures contracts before 9 PM on 17th September 2026 if you have any open Positions.
MCX Option positions are not allowed to be traded in NRML (Delivery) on the expiry day. Only MIS can be used to trade on the expiry day.
Tuesday, September 8, 2026 5:42 pm
Please note that all ITM, ATM & CTM NCO CRUDEOIL option contracts expiring on 10th September 2026, will be converted into futures contracts. You can create fresh positions only until 10 PM on 10th September 2026.
To avoid the square-off of your positions, please ensure you maintain sufficient margin for the futures contracts before 10 PM on 10th September 2026 if you have any open Positions.
Friday, September 4, 2026 9:10 pm
From 7 September 2026, there are a few changes to how orders are placed and matched during the pre-open session.
Also, trading in Gold and Silver ETFs will now be allowed during the pre-open session.
Other ETFs (including Equity, Debt, Liquid and Overnight ETFs) will not be available (same as current rules).
The method to determine the base price and the price bands of ETFs is also changing.
What is a pre-open session? The pre-open session brings together overnight orders, including those reacting to news and market developments. This helps discover a more stable opening price and reduce volatility at 9:15 AM.
Here’s everything you need to understand what’s changing 👇
Changes to the pre-open session:
The pre-open session will continue to run from 9:00 AM to 9:15 AM, but order placement and matching will work differently. Here’s a brief of how it’s changing:
| Time Period | Current Activity | From 7 Sept 2026 |
|---|---|---|
| 9:00 AM – 9:05 AM | Market and limit orders can be placed, modified, or cancelled. | Market and limit orders can be placed, modified, or cancelled. |
| 9:05 AM – 9:08 AM | Market and limit orders can be placed, modified, or cancelled. Order entry closes randomly between 9:07 AM and 9:08 AM. | Only limit orders can be placed, modified, or cancelled. Market orders placed earlier cannot be modified or cancelled. |
| 9:08 AM – 9:10 AM | Orders are matched, and the opening price is determined. | The exchange will randomly close order entry during this period. Order matching starts immediately after order entry closes. |
| 9:10 AM – 9:12 AM | Orders are matched, and the opening price is determined. | The opening price is determined, orders are matched, and trades are confirmed. |
| 9:12 AM – 9:15 AM | The market transitions to regular trading. | The market transitions to regular trading. |
Key changes to keep a note of:
- Market orders can be placed only during the first five minutes.
- Limit-order entry continues until the exchange randomly closes the order-entry period between 9:08 AM and 9:10 AM.
- Order matching starts immediately once order entry closes.
- Market orders will now get priority over limit orders during matching.
Earlier, limit orders had priority over market orders during pre-open matching. From 7 Sept, eligible market orders will get priority over limit orders.
The matching sequence will be:
- Market orders will first be matched with other market orders based on time.
- Remaining market orders will then be matched with eligible limit orders.
- Remaining limit orders will be matched with each other based on price and time priority.
All matched trades will be executed at the opening price discovered during the pre-open session.
Please note: Stop-loss, IOC, and Disclosed Quantity orders will not be allowed during the pre-open session.
Gold & Silver ETFs will now trade in the pre-open session
From 7 Sept, Gold and Silver ETFs will participate in the pre-open session for the first time.
As gold and silver prices move in international markets while Indian markets are closed, this will help discover an opening price before regular trading begins at 9:15 AM.
Other ETFs, including Equity, Debt, Liquid, and Overnight ETFs, will continue to start trading at 9:15 AM.
The base price used for ETF price bands is changing
ETFs have upper and lower price limits that control how much their prices can move in a day. These limits are based on a base price.
Currently, the base price for equity, debt, and commodity ETFs is their T-2 NAV (NAV from two trading days ago). This can become outdated when the underlying asset moves sharply.
From 7 Sept, the base price will instead be based on the ETF’s previous-day closing price, calculated using the volume-weighted average price (VWAP) of trades in the last 30 minutes.
If the ETF doesn’t trade during those 30 minutes, its last traded price will be used. If it doesn’t trade at all that day, the latest available closing NAV will be used.
This will keep ETF price bands closer to their actual market price and give them more room to move with the underlying asset.
ETF price bands are also changing
From 7 Sept, ETFs will no longer have the same fixed 20% price band.
- Equity & Debt ETFs: Start with a ±10% band. This can widen by 5% at a time, up to ±20%, after a cooling-off period.
- Gold & Silver ETFs: Start with a ±6% band. This can widen by 3% at a time. Exchanges may widen it further if global gold or silver prices move sharply.
- Liquid & Overnight ETFs: Fixed ±5% band.
The cooling-off period is generally 15 minutes, during which trading can continue within the existing price band. In the last 30 minutes of the day, it is reduced to 5 minutes.
Please take note of these changes and plan your trades accordingly.
Happy Trading,
Team Upstox
Friday, August 28, 2026 3:21 pm
Hello investors,
The Securities and Exchange Board of India (SEBI) has issued categorisation and rationalisation guidelines for mutual fund schemes (circular dated 26 February 2026, now part of the SEBI Master Circular dated 20 March 2026).
In line with these guidelines, several fund houses are updating the names of some of their schemes and, in a few cases, revising scheme details such as asset allocation and asset classes.
These are being carried out to improve transparency and make scheme names clearer and easier to understand.
The changes will take effect from 25 August 2026, but the effective date may vary across fund houses.
**Here’s the list of scheme name changes for each fund house: **
Franklin Templeton Mutual Fund
Effective date: 25 August 2026
| Current Scheme Name | New Scheme Name |
|---|---|
| Franklin India Medium to Long Duration Fund | Franklin India Medium to Long Term Fund |
| Franklin India Corporate Debt Fund | Franklin India Corporate Bond Fund |
| Franklin India Floating Rate Fund | Franklin India Floating Interest Rates Fund |
| Franklin India Government Securities Fund | Franklin India Gilt Fund |
| Franklin India Long Duration Fund | Franklin India Long Term Fund |
| Franklin India Ultra Short Duration Fund | Franklin India Ultra Short Term Fund |
| Franklin India Low Duration Fund | Franklin India Ultra Short to Short Term Fund |
Note: Refer to the notice from Franklin Templeton Mutual Fund for more details.
Sundaram Mutual Fund
Effective date: 25 August 2026
| Current Scheme Name | New Scheme Name |
|---|---|
| Sundaram Ultra Short Duration Fund | Sundaram Ultra Short Term Fund |
| Sundaram Low Duration Fund | Sundaram Ultra Short to Short Term Fund |
| Sundaram Short Duration Fund | Sundaram Short Term Fund |
| Sundaram Medium Duration Fund | Sundaram Medium Term Fund |
| Sundaram Banking & PSU Fund | Sundaram Banking and PSU Debt Fund |
| Sundaram Balanced Advantage Fund | Sundaram Dynamic Asset Allocation Fund |
Note: Sundaram MF is also revising the asset allocation of some schemes. Refer to the notice for full details.
Invesco Mutual Fund
Effective date: 25 August 2026
| Current Scheme Name | New Scheme Name |
|---|---|
| Invesco India Ultra Short Duration Fund | Invesco India Ultra Short Term Fund |
| Invesco India Low Duration Fund | Invesco India Ultra Short to Short Term Fund |
| Invesco India Short Duration Fund | Invesco India Short Term Fund |
| Invesco India Medium Duration Fund | Invesco India Medium Term Fund |
| Invesco India Banking and PSU Fund | Invesco India Banking and PSU Debt Fund |
Note: Invesco has issued separate scheme-specific notices. Some other Invesco debt schemes have changes in their details (e.g., new asset classes) without a name change.
Please refer to the respective scheme notices: Invesco India Liquid Fund | Invesco India Money Market Fund | Invesco India Ultra Short Duration Fund | Invesco India Low Duration Fund | Invesco India Short Duration Fund | Invesco India Medium Duration Fund | Invesco India Corporate Bond Fund | Invesco India Banking and PSU Fund | Invesco India Gilt Fund
ICICI Prudential Mutual Fund
Effective date: 26 August 2026
Equity Category
| Current Scheme Name | New Scheme Name |
|---|---|
| ICICI Prudential Dividend Yield Equity Fund | ICICI Prudential Dividend Yield Fund |
| ICICI Prudential Focused Equity Fund | ICICI Prudential Focused Fund |
| ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund | ICICI Prudential Healthcare Fund |
| ICICI Prudential Midcap Fund | ICICI Prudential Mid Cap Fund |
| ICICI Prudential Multicap Fund | ICICI Prudential Multi Cap Fund |
| ICICI Prudential Smallcap Fund | ICICI Prudential Small Cap Fund |
| ICICI Prudential Flexicap Fund | ICICI Prudential Flexi Cap Fund |
| ICICI Prudential ELSS Tax Saver Fund | ICICI Prudential ELSS – Tax Saver Fund |
Debt Category
| Current Scheme Name | New Scheme Name |
|---|---|
| ICICI Prudential Savings Fund | ICICI Prudential Ultra Short to Short Term Fund |
| ICICI Prudential Medium Term Bond Fund | ICICI Prudential Medium Term Fund |
| ICICI Prudential Long Term Bond Fund | ICICI Prudential Long Term Fund |
| ICICI Prudential Bond Fund | ICICI Prudential Medium to Long Term Fund |
| ICICI Prudential All Seasons Bond Fund | ICICI Prudential Dynamic Term Fund |
| ICICI Prudential Floating Interest Fund | ICICI Prudential Floating Interest Rates Fund |
| ICICI Prudential Constant Maturity Gilt Fund | ICICI Prudential 10 Year Constant Maturity Gilt Fund |
| ICICI Prudential Banking & PSU Debt Fund | ICICI Prudential Banking and PSU Debt Fund |
Hybrid Category
| Current Scheme Name | New Scheme Name |
|---|---|
| ICICI Prudential Equity & Debt Fund | ICICI Prudential Aggressive Hybrid Fund |
| ICICI Prudential Regular Savings Fund | ICICI Prudential Conservative Hybrid Fund |
| ICICI Prudential Multi-Asset Fund | ICICI Prudential Multi Asset Allocation Fund |
Note: Refer to the notice from ICICI Prudential Mutual Fund for more details.
HDFC Mutual Fund
Effective date: 26 August 2026
| Current Scheme Name | New Scheme Name |
|---|---|
| HDFC Large and Mid Cap Fund | HDFC Large & Mid Cap Fund |
| HDFC ELSS Tax Saver | HDFC ELSS - Tax Saver Fund |
| HDFC Hybrid Debt Fund | HDFC Conservative Hybrid Fund |
| HDFC Hybrid Equity Fund | HDFC Aggressive Hybrid Fund |
| HDFC Credit Risk Debt Fund | HDFC Credit Risk Fund |
| HDFC Dynamic Debt Fund | HDFC Dynamic Term Fund |
| HDFC Floating Rate Debt Fund | HDFC Floating Interest Rates Fund |
| HDFC Income Fund | HDFC Medium to Long Term Fund |
| HDFC Long Duration Debt Fund | HDFC Long Term Fund |
| HDFC Low Duration Fund | HDFC Ultra Short to Short Term Fund |
| HDFC Medium Term Debt Fund | HDFC Medium Term Fund |
| HDFC Multi-Asset Allocation Fund | HDFC Multi Asset Allocation Fund |
| HDFC Short Term Debt Fund | HDFC Short Term Fund |
| HDFC Retirement Savings Fund | HDFC Retirement Fund |
Note: Refer to the notice from HDFC Mutual Fund for more details.
Kotak Mutual Fund
Effective date: 26 Aug 2026
Debt Schemes
| Existing Scheme Name | Revised Scheme Name |
|---|---|
| Kotak Savings Fund | Kotak Ultra Short Term Fund |
| Kotak Low Duration Fund | Kotak Ultra Short to Short Term Fund |
| Kotak Bond Short Term Fund | Kotak Short Term Fund |
| Kotak Bond Fund | Kotak Medium to Long Term Fund |
| Kotak Dynamic Bond Fund | Kotak Dynamic Term Fund |
| Kotak Floating Rate Fund | Kotak Floating Interest Rates Fund |
| Kotak Long Duration Fund | Kotak Long Term Fund |
Fund of Fund Schemes
| Existing Scheme Name | Revised Scheme Name |
|---|---|
| Kotak Global Emerging Market Overseas Equity Omni FOF | Kotak Global Emerging Market Overseas Equity Active FOF |
| Kotak Global Innovation Overseas Equity Omni FOF | Kotak Global Innovation Overseas Equity Active FOF |
| Kotak International REIT Overseas Equity Omni FOF | Kotak International REIT Overseas Equity Active FOF |
| Kotak Quality Overseas Equity Omni FOF | Kotak Quality Overseas Equity Active FOF |
Hybrid Schemes
| Existing Scheme Name | Revised Scheme Name |
|---|---|
| Kotak Debt Hybrid Fund | Kotak Conservative Hybrid Fund |
Note: Kotak Mutual Fund has also revised the asset allocation of some schemes. Refer to the notice for full details.
What does this mean for you?
There’s no action required from you. As clarified by SEBI, these changes are not treated as a change in the fundamental attributes of the schemes, and they do not affect any other parameter of your investments.
To view the revised details, refer to the respective notice from each fund house.
Feel free to contact us for any queries.
Happy Investing,
Team Upstox
Wednesday, August 26, 2026 12:38 pm
Hello investors,
The Government of India is selling up to a 6% stake in Hindustan Copper through an Offer For Sale (OFS).
Yesterday (25 Aug), the OFS saw strong demand from non-retail investors, with the portion getting oversubscribed 3.41 times.
Details of the OFS for retail investors:
- Floor price is ₹520/share (~3.5% below the current price)
- A maximum of ₹2 lakhs can be invested
- OFS is open only till 3:30 PM today (26 Aug)
Steps to apply for the OFS on Upstox:
- Click the Upstox icon on the top left
- Go to ‘My Account’
- Under ‘Actions’, go to Corporate Actions
- In the OFS tab, you’ll see ‘Hindustan Copper OFS’
Take the opportunity and apply for Hindustan Copper OFS now here.
Happy Investing,
Team Upstox
Thursday, August 20, 2026 2:57 pm
-
Silver & GoldM contracts expiring on September 4th, 2026, are staggered delivery contracts. Please square off your position before 10:30 PM on September 1st, 2026, failing which we may square off your position to avoid physical delivery.
-
Gold Guinea, GoldTen, Gold10G, and Gold Petal contracts expiring on August 31, 2026, are staggered delivery contracts. Please square off your position before 10:30 PM on August 26, 2026, failing which we may square off your position to avoid physical delivery.
-
SilverMic & Silver100 contracts expiring on August 31, 2026, are staggered delivery contracts. Please square off your position before 10:30 PM on August 26, 2026, failing which we may square off your position to avoid physical delivery.
Thursday, August 20, 2026 2:50 pm
Electricity Futures contracts trading on NSE and MCX with August 2026 expiry are cash-settled as per the Volume Weighted Average of Day-Ahead Market (DAM-UMCP) prices for the month.
The settlement price could vary significantly from current market prices, resulting in increased volatility and uncertainty.
To prevent you from this risk:
-No new positions will be allowed.
-Close all open positions by 9:00 PM, Aug 27, 2026
-If not, we may square off your position post 10:00 PM
Thursday, August 20, 2026 2:47 pm
Please note that all ITM, ATM & CTM GOLD option contracts expiring on 31st August 2026, will be converted into futures contracts.
To avoid the square-off of your positions, please ensure you maintain sufficient margin for the futures contracts before 9 PM on 31st August 2026, if you have any open Positions.
Thursday, August 20, 2026 2:40 pm
Please note that all ITM, ATM & CTM GOLDM & SILVER option contracts expiring on 28th August 2026, will be converted into futures contracts.
To avoid the square-off of your positions, please ensure you maintain sufficient margin for the futures contracts before 9 PM on 28th August 2026, if you have any open Positions.
Thursday, August 20, 2026 2:35 pm
Please note that all ITM, ATM & CTM SILVERM option contracts expiring on 24th August 2026, will be converted into futures contracts.
To avoid the square-off of your positions, please ensure you maintain sufficient margin for the futures contracts before 9 PM on 24th August 2026, if you have any open Positions.