• Upcoming Bharat Bond ETFs will track these 2 Indices
  

MUMBAI, JULY 02, 2020 (GPN): NSE’s index services subsidiary, NSE Indices Limited has today launched two more indices under the Nifty BHARAT Bond Index series. 

The BHARAT Bond Index series follows a unique 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 two new indices have been launched today within the Nifty BHARAT Bond Index series:

·         Nifty BHARAT Bond Index – April 2025

·         Nifty BHARAT Bond Index – April 2031

In Dec 2019, NSE Indices had launched the first two indices in the BHARAT Bond Index series with maturities in April 2023 and April 2030.

“The BHARAT Bond ETFs, tracking the Nifty BHARAT Bond Index series, have been successful in increasing retail participation in corporate bond market with more than 50000 retail investors participating in the first two ETFs launched in December 2019. NSE is glad to continue working with Department of Investment and Public Asset Management (DIPAM), Government of India, Edelweiss AMC and other stakeholders in launching more indices within the unique BHARAT Bond Index series that will be tracked by the upcoming tranches of BHARAT Bond ETF” said Mr. Vikram Limaye, MD & CEO, NSE.

Mr. Mukesh Agarwal, CEO, NSE Indices, said, “The upcoming BHARAT Bond ETFs tracking these newly launched Nifty BHARAT Bond Indices maturing in 2025 and 2031 will provide more investment choices to fixed income investors. With high credit quality issuers, very low fund management fees, exchange traded, tax-efficiency and high predictability of returns, the Target Maturity Based ETFs have the potential to change the way retail investors invest in fixed income markets.” 

The two new indices have a base date of June 30, 2020 and a base value of 1000. The indices will be rebalanced/ reconstituted at the end of every calendar quarter. 

For more information on index methodology and factsheet, please visit us at  www.niftyindices.com   or www.nseindia.com.  ENDS