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NSE Indices launches new Nifty BHARAT Bond Index

The Nifty BHARAT Bond Index – April 2032 has a base date of November 30, 2021 and a base value of 1000.

December 02, 2021 1:31 IST | India Infoline News Service
NSE’s index services subsidiary, NSE Indices Limited has launched one more index under the Nifty BHARAT Bond Index series.

BONDS
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 following new index has been launched within the Nifty BHARAT Bond Index series:

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.

Mr. Mukesh Agarwal, CEO, NSE Indices, said, “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. The Target Maturity Based ETFs are appealing for both the retail and institutional investors due to high credit quality of issuers, liquidity as they are exchange traded, high predictability of returns, tax-efficiency, and very low fund management fees. The existing four BHARAT Bond ETFs managed an overall AUM of more than Rs. 37000 crores as on November 30, 2021.”

The Nifty BHARAT Bond Index – April 2032 has a base date of November 30, 2021 and a base value of 1000. The index will be rebalanced/reconstituted at the end of every calendar quarter.

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