NSE Indices Launches India’s First Sovereign Green Bond Indices and Target Maturity Index

NSE Indices, a subsidiary of NSE that provides index services, has launched India’s first sovereign green bond indices, which are expected to be a benchmark for asset managers and serve as a reference index for passive funds such as ETFs, index funds, and structured products.

The Nifty India Sovereign Green Bond Jan 2028 Index and the Nifty India Sovereign Green Bond Jan 2033 Index, with maturities of January 31, 2028, and January 31, 2033, respectively, follow a target maturity date structure and have a base value of 1,000 with a monthly review.

The Nifty GSec May 2029 index, which follows a target maturity structure and has a maturity date of May 4, 2029, is also expected to serve as a benchmark for asset managers and a reference index for passive funds.

These indices are intended to provide investors with efficient and cost-effective access to the Indian sovereign green bond market while making a positive impact on society.