The National Stock Exchange of India (NSE), index services subsidiary NSE Indices, has launched three new target maturity indices. These are Nifty AAA CPSE Bond Plus SDL Apr 2027 60:40 Index, Nifty G-Sec Jun 2027 Index, and Nifty SDL Sep 2027 Index.

The three indices have a target maturity structure with April 30, 2027, June 30, 2027, and September 30, 2027, respectively.

Further, all three indices have a base date of March 16, 2022, and a base value of 1000. Indices will be reviewed at the end of each calendar quarter.

In a statement, NSE Indices said that the indices are expected to appeal to investors looking to invest in debt portfolios with the target maturity theme. It is likely to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds, and structured products.