INDIA: NSE Indices Launches New Index

Tuesday September 28 2021

NSE Indices Limited a subsidiary of the National Stock Exchange of India (NSE) has launched a new index – follows a target maturity structure with a maturity date of April 30^th, 2027. The index portfolio has 50 percent allocation to AAA rated bonds issued by Government of India owned entities and the other 50 percent includes State Development Loans (SDLs) as on the base date of the index. All constituent bonds in the index mature during the six-month period ending April 30^th, 2027.

The Nifty PSU Bond Plus SDL Apr 2027 50:50 Index has a base date of September 20^th, 2021 and a base value of 1000. The index will be reviewed at the end of every calendar quarter. The index is expected to appeal to investors looking to invest in debt portfolios with the target maturity theme. It is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in form of Exchange Traded Funds (ETFs), index funds and structured product

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