NSE Launches New Nifty Bharat Bond Index

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NSE Launches New Nifty Bharat Bond Index
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NSE Launches New Nifty Bharat Bond Index
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The general belongings beneath administration of all Bharat Bond ETFs have now grown to greater than Rs 52,000 crore.

New Delhi:

NSE’s subsidiary NSE Indices has stated it has launched another index beneath the Nifty Bharat Bond Index collection.

The Bharat Bond Index collection follows a goal maturity date construction whereby every index within the collection measures the efficiency of a portfolio of ‘AAA’-rated bonds issued by government-owned entities maturing in a particular yr.

Nifty Bharat Bond Index — April 2033 – has been launched inside the Nifty Bharat Bond Index collection, in keeping with a launch by NSE on Thursday.

In December 2019, NSE Indices launched the primary two indices within the Bharat Bond Index with maturities in April 2023 and April 2030, and in July 2020, additional two indices with maturities in April 2025 and April 2031 had been launched.

“The upcoming Bharat Bond exchange-traded fund (ETF) which is sixth within the Bharat Bond ETF collection will monitor the newly launched Nifty BHARAT Bond Index maturing in 2033. The primary Bharat Bond ETFs monitoring the Nifty Bharat Bond indices had been launched in December 2019 with preliminary belongings beneath administration of round Rs 12,000 crore,” Mukesh Agarwal, Chief Govt Officer (CEO), NSE Indices, stated.

He additional stated that over previous three years, the general belongings beneath administration of all Bharat Bond ETFs have now grown to greater than Rs 52,000 crore. The success of this product is because of the distinctive construction of the index with attributes similar to excessive credit score high quality of issuers, excessive predictability of returns, liquidity as they’re trade traded and excessive tax-efficiency.

The Nifty Bharat Bond Index – April 2033 has a base date of November 30, 2022 and a base worth of 1,000. The index shall be rebalanced/reconstituted on the finish of each calendar quarter.

The launch of the Bharat Bond ETFs has additionally opened up the goal maturity date index funds class with total belongings beneath administration of greater than Rs 1.30 lakh crore. Together with present 5 goal maturity indices, the launch of the brand new Bharat Bond index maturing in 2033 will present extra funding selections to fastened earnings traders and can assist create a ladder construction of varied maturities, Mukesh Agarwal added.

(Aside from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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