NSE Indices launches India’s first Municipal Bond Index

NSE Indices launches India’s first Municipal Bond Index

Daily Current Affairs / NSE Indices launches India’s first Municipal Bond Index

Change Language English Hindi

Category : Business and economics Published on: February 27 2023

Share on facebook

The NSE’s index services subsidiary, NSE Indices Limited has launched India’s first ever Municipal Bond Index at a SEBI workshop on Municipal Debt Securities at Bengaluru.
The Nifty India Municipal Bond Index tracks the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating.
NSE’s bond index will have 28 municipal bonds, which were issued by 10 issuers, as its constituents. The bonds in the index have a credit rating of AA category.
There is a thriving municipal bond market in India that has seen a three-fold rise in fund raising since 2017.
The index, which will be reviewed quarterly, is computed using the total return methodology including price return and coupon return. The index has a base date of January 1, 2021, and a base value of 1,000.

Recent Post's

IBM inaugurated the Sangam Infrastructure Innovation Centre at its India Systems Development Lab (ISDL) campus to strengthen India's role in advanced AI infrastructure engineering for Indian enterprises and global markets.
Read More....
Sabrina Wittmann, 34, became the first woman to manage a professional men's football team in Germany after securing the permanent head coach role at FC Ingolstadt 04 following her interim appointment in 2024.
Read More....
RM Nachammai has become the first woman to head operations of a functional nuclear power plant in India, appointed as Chief Superintendent of Kaiga Generating Station Units 3 and 4 in Karnataka, effective 15 March 2026.
Read More....
American actor Corey Parker, known for his role as Josh in Will & Grace, passed away on 5 March 2026 in Memphis, Tennessee, at the age of 60 after battling stage-4 metastatic cancer.
Read More....
Veteran Telugu actor Chiranjeevi was honoured with the NTR National Film Award at the Gaddar Telangana Film Awards 2025 in recognition of his remarkable contribution to Indian cinema over more than four decades.
Read More....
Tamil Nadu Chief Minister M.K. Stalin launched the Tamil Nadu Women Entrepreneur Empowerment Scheme (TWEES) to encourage one lakh women to take up entrepreneurship over the next five years through training and financial support.
Read More....
The inaugural Khelo India Tribal Games (KITG) will be held from 25 March to 6 April in Raipur, Jagdalpur and Sarguja in Chhattisgarh, featuring seven medal sports to promote tribal sporting talent across India.
Read More....
President Droupadi Murmu announced a major gubernatorial reshuffle appointing Shiv Pratap Shukla as Telangana Governor, R.N. Ravi as West Bengal Governor, and Taranjit Singh Sandhu as Lieutenant Governor of Delhi.
Read More....
Researchers discovered two new freshwater fish species — Glyptothorax sentimereni and Oreichthys elianae — from tributaries of the Brahmaputra River in Nagaland's Mokokchung district, published in the journal Zootaxa.
Read More....
India placed naval assets under Operation Sankalp on standby for humanitarian assistance amid rising West Asia tensions, with PM Modi chairing a Cabinet Committee on Security meeting on 1 March 2026 to assess implications.
Read More....