NSE Indices launches new Nifty Bharat Bond Index


NSE Indices launches new Nifty Bharat Bond Index

NSE Indices, a subsidiary of National Stock Exchange, has launched another index under Nifty Bharat Bond Index series on 2nd December.

Important facts

  • The name of the new index is Nifty Bharat Bond Index — April 2033. 

  • It has been launched under the Nifty Bharat Bond Index Series.

  • Bharat Bond Index Series follows a target maturity date structure.

  • 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.

  • In December 2019, NSE Indices launched the first two indices in the Bharat Bond Index 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.

  • The upcoming Bharat Bond ETF (exchange traded fund) which is sixth in the Bharat Bond ETF series will track the newly launched Nifty BHARAT Bond Index maturing in 2033. 

  • The Nifty Bharat Bond Index – April 2033 has a base date of November 30, 2022 and a base value of 1,000. The index will be rebalanced/reconstituted at the end of every calendar quarter.

  • It will provide more investment choices to fixed income investors and will help create a structure of various maturities.

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