Home Business NSE launches new Nifty Bharat Bond Index

NSE launches new Nifty Bharat Bond Index

The total assets under management of all India Bond ETFs has now grown to over Rs 52,000 crore.

New Delhi:

NSE Indices, a subsidiary of NSE, has said that it has launched another index under Nifty Bharat Bond Index Series.

The India 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.

According to a release by NSE on Thursday, Nifty Bharat Bond Index – April 2033 – has been launched within the Nifty Bharat Bond Index Series.

In December 2019, NSE Indices launched the first two indices in India Bond Index with maturities in April 2023 and April 2030, and in July 2020, two indices with maturities in April 2025 and April 2031 were launched.

“The upcoming Bharat Bond Exchange-Traded Fund (ETF) which is the sixth in the Bharat Bond ETF series will track the newly launched Bharat Bond Index maturing in 2033. The first Bharat Bond ETF to track Nifty Bharat Bond Index Dec 2019 was launched in 2015. With initial assets under management of around Rs 12,000 crore,” said Mukesh Agarwal, Chief Executive Officer (CEO) of NSE Indices.

He further said that in the last three years, the total assets under management of all India Bond ETFs has now increased to more than Rs 52,000 crore. The success of this product is due to the unique composition of the index, which has attributes such as high credit quality of the issuers, high predictability of returns, liquidity as they are exchange traded and high tax-efficiency.

The base date for the Nifty Bharat Bond Index – April 2033 is November 30, 2022 and the base price is 1,000. The Index will be rebalanced/reconstituted at the end of each calendar quarter.

The launch of Bharat Bond ETF has also opened up the target maturity date index fund category with total assets under management of over Rs 1.30 lakh crore. Mukesh Agarwal said that along with the existing five target maturity indices, the launch of the new India Bond Index maturing in 2033 will provide more investment options to fixed income investors and help create a ladder structure of different maturities.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

featured video of the day

Tech layoffs globally, but fintech and e-commerce hiring big in Chennai


Ashneer Grover, Madhuri Jain summoned in legal battle with BharatPe

<!-- -->Ashneer Grover resigned from BharatPe in March. (file)New Delhi: The Delhi High Court today issued summons to former BharatPe MD Ashneer Grover...

Air India’s $400 million upgrade includes premium economy area

<!-- -->Air India said it has engaged JPA Design to assist with the cabin interior design. (File)Mumbai: Full-service carrier Air India today said...

Inox GFL Group raises Rs 1,500 crore, moves towards zero net debt

<!-- -->Rs 740 crore was raised through the IPO of Inox Green Energy Services. (File)Noida: Inox GFL Group on Thursday said it has...


Please enter your comment!
Please enter your name here

Most Popular

Turkey’s leader admits “shortcomings” as earthquake kills more than 12,000

<!-- -->In 1999, a magnitude 7.4 earthquake killed over 17,000 people.Conclude: Turkish President Recep Tayyip Erdogan acknowledged "shortcomings" on Wednesday following criticism of his...

Amrita Singh was cheated by Sunny Deol, she separated from Vinod Khanna because of her mother

Amrita Singh is not dependent on any introduction. He created panic in the industry with his strong acting between the 80s and 90s....

“Will Inject Pace…”: Ramiz Raja Feels This India White-Ball Specialist Should Be Unleashed vs Australia | cricket news

India take on Australia in the Border-Gavaskar Trophy© BCCIFormer Pakistan Cricket Board (PCB) chairman Ramiz Raja feels Team India should unleash white-ball specialist Suryakumar...

Sargun Mehta revealed what the mother said about Priyanka Chaudhary winning Bigg Boss: ‘She has won and…’

Actor Sargun Mehta took to Instagram, and shared a series of pictures with husband-actor Ravi Dubey and actors - Priyanka Chaudhary and Ankit Gupta....

Recent Comments