The National Stock Exchange (NSE) on July 14, 2022 issues a press release to revise the Nifty Fixed Income indices to revise the methodology as mentioned hereunder for Nifty Fixed Income indices that are tracked by passive funds.
The following changes have been made:
• Parameter - Updating the reference to SEBI circular, - The methodology document shall have reference to the SEBI circular no. SEBI/HO/IMD/DOF2/P/CIR/2022/69 issued on May 23, 2022.
• Parameter - Updating the treatment of bonds in case of rating downgrade in 2 indices (Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index & Nifty PSU Bond Plus SDL Apr 2026 50:50 Index), - Apart from scheduled review, in case an existing issuer gets downgraded below AAA, bonds of such issuer to be excluded from the index within 5 working days from such downgrade.
The revision in methodology shall become effective from July 14, 2022.
