India’s First Municipal Bond Index

On 24th February, 2023, National Stock Exchange of India Limited (NSE’s) index services subsidiary, NSE Indices Limited launched India’s first-ever Municipal Bond Index, Nifty India Municipal Bond Index.

About Nifty India Municipal Bond Index

  • The index includes municipal bonds issued as per the Securities Exchange Board of India Issue and Listing of Municipal Debt Securities Regulations, 2015.
  • Presently, the index has 28 municipal bonds issued by 10 issuers all having credit rating in the AA rating category.
  • The index constituents are assigned weights based on their outstanding amount.
  • The Index tracks the performance of municipal bonds issued by Indian municipal corporations across maturities ....
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