NSE SUBSIDIARY LAUNCHES TWO NEW INDICES UNDER BHARAT BOND SERIES

NEW DELHI: NSE Indices Ltd, a subsidiary of the National Stock Exchange, on Thursday launched two new indices under the Nifty Bharat Bond index series. The new indices — Nifty Bharat Bond index with maturity in April 2025 and Nifty Bharat Bond index with maturity in April 2031 — will be tracked by the upcoming Bharat Bond exchange traded funds (ETFS). 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, NSE Indices said in a statement.