Aggregation

Aggregation in Indian financial markets refers to the consolidation of multiple accounts, investments, or positions belonging to connected individuals or entities for regulatory, reporting, and risk management purposes. SEBI uses aggregation to identify and enforce position limits in F&O markets — when entities acting in concert (related companies, family members, or entities under common control) collectively exceed prescribed position limits in a single stock's derivatives, SEBI treats their combined position as a single entity's exposure for limit enforcement purposes. In mutual fund regulation, aggregation of folios belonging to the same PAN holder across schemes within the same AMC is used to apply load structures, minimum investment thresholds, and KYC compliance requirements uniformly. For foreign portfolio investors, SEBI aggregates holdings across all sub-accounts of the same beneficial owner to determine compliance with sectoral FPI investment limits. In the context of financial planning platforms, aggregation refers to the technology that consolidates an investor's holdings across multiple accounts — mutual funds, stocks, fixed deposits, and insurance — into a single unified view.