Mature Moves—NSE Unveils Fixed-Income Indices with a Clockwork Twist

NSE Indices Ltd, the index solutions business of the National Stock Exchange of India (NSE), introduced two new target maturity indices as part of its fixed-income offering supplementation. The two new indices are designed to benefit investors who seek stable maturity profiles and passive debt investment strategies.

 

1. The New Indices at a Glance

Is composed of a 30:70 mix of AAA-rated corporate debt and government securities (G-Secs).

 

Securities fall due in twelve months up to March 30, 2035.

 

2. Key Features

Both indices are opened at a base level of 1000.

 

Base dates:

Securities are initially equally weighted and updated every six months.

 

To be used as benchmarks for ETFs, index funds, and structured products.

 

3. Strategic Significance

Sources: Business Standard, ICICIdirect, Nifty Indices