Which of the following is the minimum number of constituents required for introducing derivatives on a Non-Benchmark Index (NB

As per the SEBI circular dated October 30, 2025, derivatives on No n- Benchmark Indices can be introduced only if the index has a minimum of 14 constituents, in addition to the existing   eligibility criteria for index derivatives .     Further concentration limits include  to be followed include -  limit on top constituent weights (≤20%) and combined top three weights (≤45%),  and  a descending weight structure  for constituents.     SEBI introduced the  stricter eligibility criteria to improve market stability .