New Delhi: Index Services subsidiary of NSE, if Index Ltd. on Thursday said that it has launched another index under the scheme Nifty Bharat Bond Index Chain.
The Bharat Bond Index Series follows a target maturity date structure in which each index in the series measures the performance of a portfolio of “AAA” rated bonds issued by state-owned entities maturing in a specific year.
Nifty Bharat Bond Index – April 2032- is launched within Nifty Bharat Bond index series, according to a statement.
In December 2019, NSE Index launched the first two indexes in the Bharat Bond Index series with maturities in April 2023 and April 2030, and in July 2020, two more indexes were launched with maturities in April 2025 and April 2031.
“coming Bharat Bond ETF Which is fifth in the series, will track the newly launched Nifty Bharat Bond Index maturing in 2032 and provide more investment options to fixed income investors,” said Mukesh Agarwal, CEO, NSE Index.
He further added that Target Maturity Based Exchange Traded Funds (ETFs) are appealing to both retail and institutional investors due to the issuers’ high credit quality, liquidity as they are exchange traded, high predictability of returns, tax-efficiency, and much more. Low fund management fee.
The existing four Bharat Bond ETFs have total assets under management (AUM) of over Rs 37,000 crore as of November 30, 2021.
The Bharat Bond Index Series follows a target maturity date structure in which each index in the series measures the performance of a portfolio of “AAA” rated bonds issued by state-owned entities maturing in a specific year.
Nifty Bharat Bond Index – April 2032- is launched within Nifty Bharat Bond index series, according to a statement.
In December 2019, NSE Index launched the first two indexes in the Bharat Bond Index series with maturities in April 2023 and April 2030, and in July 2020, two more indexes were launched with maturities in April 2025 and April 2031.
“coming Bharat Bond ETF Which is fifth in the series, will track the newly launched Nifty Bharat Bond Index maturing in 2032 and provide more investment options to fixed income investors,” said Mukesh Agarwal, CEO, NSE Index.
He further added that Target Maturity Based Exchange Traded Funds (ETFs) are appealing to both retail and institutional investors due to the issuers’ high credit quality, liquidity as they are exchange traded, high predictability of returns, tax-efficiency, and much more. Low fund management fee.
The existing four Bharat Bond ETFs have total assets under management (AUM) of over Rs 37,000 crore as of November 30, 2021.
,