NSE Indices launches new Nifty Bharat Bond Index
In December 2019, NSE Indices launched the first two indices in the Bharat Bond Index series with maturities in April 2023 and April 2030, and in July 2020, further two indices with maturities in April 2025 and April 2031 were launched.
By Shubham Raj, ETMarkets.com |
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NEW DELHI: NSE’s index services subsidiary, NSE Indices, on Thursday said it has launched one more index under the Nifty Bharat Bond Index series.
The Bharat Bond Index series follows a Target Maturity Date structure wherein each index in the series measures the performance of a portfolio of AAA-rated bonds issued by government-owned entities maturing in a specific year.
The new index within the Nifty Bharat Bond Index series is named Nifty Bharat Bond Index - April 2032.
In December 2019, NSE Indices launched the first two indices in the Bharat Bond Index series with maturities in April 2023 and April 2030, and in July 2020, further two indices with maturities in April 2025 and April 2031 were launched.
“The upcoming Bharat Bond ETF which is fifth in the series will track the newly launched Nifty Bharat Bond Index maturing in 2032 and will provide more investment choices to fixed income investors,” said Mukesh Agarwal, CEO, NSE Indices.
He said the existing four Bharat Bond ETFs managed an overall AUM of more than Rs 37,000 crore as of November 30, 2021.
The Nifty Bharat Bond Index – April 2032 has a base date of November 30, 2021, and a base value of 1,000. The index will be rebalanced/reconstituted at the end of every calendar quarter.
The Bharat Bond Index series follows a Target Maturity Date structure wherein each index in the series measures the performance of a portfolio of AAA-rated bonds issued by government-owned entities maturing in a specific year.
The new index within the Nifty Bharat Bond Index series is named Nifty Bharat Bond Index - April 2032.
In December 2019, NSE Indices launched the first two indices in the Bharat Bond Index series with maturities in April 2023 and April 2030, and in July 2020, further two indices with maturities in April 2025 and April 2031 were launched.
“The upcoming Bharat Bond ETF which is fifth in the series will track the newly launched Nifty Bharat Bond Index maturing in 2032 and will provide more investment choices to fixed income investors,” said Mukesh Agarwal, CEO, NSE Indices.
He said the existing four Bharat Bond ETFs managed an overall AUM of more than Rs 37,000 crore as of November 30, 2021.
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The Nifty Bharat Bond Index – April 2032 has a base date of November 30, 2021, and a base value of 1,000. The index will be rebalanced/reconstituted at the end of every calendar quarter.
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