NSE informed its index services unit NSE Indices has introduced two more indices — Nifty Bharat Bond Index-April 2025, and Nifty Bharat Bond Index-April 2031, under the Nifty Bharat Bond Index series.
The Bharat Bond Index series follows a distinctive target maturity date procedure wherein each index in the series measures the performance of a portfolio of AAA-rated bonds furnished by government-owned entities ending in a specific year, the exchange confirmed.
Back in the month of December, NSE Indices had introduced the first two indices in the Bharat Bond Index series with maturities in April 2023 and April 2030.
“The upcoming Bharat Bond ETFs tracking these newly launched Nifty Bharat Bond Indices maturing in 2025 and 2031 will impart more investment options to fixed-income investors,” declared Mukesh Agarwal, CEO, NSE Indices.
The Bharat Bond Series II to set to be launched on Friday.
“With high credit quality issuers, extremely low fund management fees, exchange traded, tax-efficiency and high vision of returns, the target maturity based ETFs have the capability to change the manner in which retail investors invest in fixed income markets,” he further added.