Type of ETFs Key Characteristics Equity Index based ETF Replicates an equity index of IFSC/ Indian/ foreign jurisdiction to the extent of at least 95% of total assets Debt Index based ETF Replicates a debt index of IFSC/ Indian/ foreign jurisdiction to the extent of at least 90% of total assets Commodity        based ETF Invests at least 90% in the specified commodity or related security/ instrument Hybrid ETF Invests in 2 or more asset classes Actively           Managed ETF FME has discretion over composition of portfolio subject to stated investment objective and policies