NSE Launches New Nifty Bharat Bond Index

NSE Launches New Nifty Bharat Bond Index: The National Stock Exchange’s subsidiary NSE Indices has said it has launched one more index under the Nifty Bharat Bond Index series.

More About The New Index:

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.

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What Has Been Said:

“The impending Bharat Bond ETF, the sixth in the series, will track the newly launched Nifty BHARAT Bond Index, which matures in 2033.”  The first Bharat Bond ETFs tracking the Nifty Bharat Bond indices were launched in December 2019, Mukesh Agarwal, CEO, NSE Indices, said.

“The launch of the Bharat Bond ETFs has also opened up the target maturity date index funds category with overall assets under management of more than ₹1.30 lakh crore. Along with existing five target maturity indices, the launch of the new Bharat Bond index maturing in 2033 will provide more investment choices to fixed income investors and will help create a ladder structure of various maturities,” Agarwal added.

About The Timeline Of The Index:

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