The National Stock Exchange of India Limited (NSE) on October 27, 2023, issued a notification regarding the revision of Nifty Fixed Income indices.
The following has been stated: -
•The Index Maintenance Sub-Committee (Debt) of NSE Indices Limited has decided to revise the index methodology and index name of Nifty India Select 7 Government Bond Index (INR) as mentioned: -
For Security Eligibility the method has been revised to Securities should be categorized under the Fully Accessible Route (FAR) by RBI.
•The above change in the methodology shall automatically be applicable to Nifty India Select 7 Government Bond Index (USD). Accordingly, based on the change mentioned above, the Index Maintenance Sub-Committee (Debt) of NSE Indices Limited has also decided to revise the index name.
•The new index methodology and index name shall become effective from November 30, 2023.
The detailed notification is attached in the document given below.
