What is the new position limit for trading members in index futures and options as announced by SEBI?

### Concept & Verification Financial market regulations and SEBI guidelines regarding derivatives trading (Futures and Options). ### Step-by-Step Solution * The Securities and Exchange Board of India (SEBI) periodically revises position limits to ensure market stability and manage risk. * Recently, SEBI updated the overall position limit for trading members in index derivatives. * The new limit has been set at ₹7,500 crore or 15% of the total open interest in the market, whichever of the two figures is higher. ### Exam Strategy & Shortcut For SEBI quantitative limits, remember the "75-15" rule for current index F&O limits (₹7,500 Cr / 15%). ### Common Pitfall Mixing up the absolute monetary limit (₹7,500 crore) with the wrong percentage (like 20%), or vice versa. Both components must be remembered accurately. ### Final Answer Therefore, the correct answer is **₹7,500 crore or 15% of total open interest, whichever is higher**.