The National Stock Exchange (NSE) Indices on February 25, 2025, notified regarding the launch of two new target maturity indices.
The following has been stated namely: -
• It introduces two new target maturity indices: the Nifty AAA Financial Services Bond Mar 2028 Index, which includes AAA-rated bonds from public financial institutions, housing finance companies, non-banking financial companies, and private sector banks maturing by March 31, 2028, and the Nifty AAA Bond Plus G-Sec Mar 2035 30:70 Index, which consists of a mix of AAA-rated bonds from PSUs, housing finance companies, NBFCs, corporates, and government securities with maturities up to March 30, 2035.
• Both indices follow a target maturity structure, undergo semi-annual reviews, and are designed as benchmarks for asset managers, with potential applications in passive investment products like ETFs and index funds.
