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NSE Indices has launched the Nifty SDL Apr 2031 Top 20 Equal Weight HTM Index, a new target maturity benchmark tracking top 20 State Development Loans maturing in April 2031. With equal weighting for each constituent, it offers investors a low-risk debt option with moderate interest rate exposure, serving as a reference for ETFs and index funds. The index starts with a base value of 1000 on December 3, 2025.
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The latest addition to NSE's fixed income target maturity indices, 'Nifty SDL Apr Top 20 Equal Weight HTM Index 2031' focuses on State Development Loans (SDLs), providing a structured portfolio for maturity-specific investments. Designed for semi-annual reviews, it caps issuer weights to ensure diversification while tracking performance until April 2031. Ideal for asset managers seeking predictable debt benchmarks amid India's evolving bond market.
Key Highlights:
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Nifty SDL Apr 2031 Top 20 Equal Weight HTM Index selects the top 20 SDLs by outstanding amount, maturing between specified dates ending April 2031.
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Each of the 20 constituents receives equal weight at inception, promoting balanced exposure unlike cap-weighted peers.
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Base date set as December 03, 2025, with base value of 1000; reviewed semi-annually for reconstitution.
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Expected to underpin passive products like ETFs, index funds, and structured debt instruments for retail and institutional investors.
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Aligns with NSE's growing suite of SDL-focused indices, building on successes like Nifty SDL Apr 2026 Top 20 Equal Weight.
Sources: NSE Indices Press Release (niftyindices.com), NSE India (nseindia.com)
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