The National Stock Exchange’s subsidiary NSE Indices has said it has launched one more index under the Nifty Bharat Bond Index series.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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 upcoming Bharat Bond ETF which is sixth in the Bharat Bond ETF series will track the newly launched Nifty BHARAT Bond Index maturing in 2033. The first Bharat Bond ETFs tracking the Nifty Bharat Bond indices were launched in December 2019, Mukesh Agarwal, CEO, NSE Indices, said.
“The launch of the Bharat Bond ETFs has also opened up the target maturity date index funds category with overall assets under management of more than ₹1.30 lakh crore. Along with existing five target maturity indices, the launch of the new Bharat Bond index maturing in 2033 will provide more investment choices to fixed income investors and will help create a ladder structure of various maturities,” Agarwal added.
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.
Every year on December 22, India celebrates National Mathematics Day. This date marks the birth…
In competitive exams like SSC, Defence, State Exams, and Railways, current affairs are crucial. This…
On Saturday, December 21, 2024, several explosive-laden drones, believed to be part of Ukraine's ongoing…
Uttar Pradesh, one of India's most populous states, is known for its rich cultural and…
The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, convened ministers from 28…
India participated in the 24th BIMSTEC Senior Officials Meeting (SOM), hosted virtually by Thailand on…