NSE Indices Limited has launched a new target maturity index, Nifty SDL Jul 2028 Index. This index was launched on 14th March, 2023 and the National Stock Exchange of India (NSE) has issued a press release to this effect on the same date.
The Nifty SDL Jul 2028 Index follows a target maturity structure with maturity date of 31st July, 2028. The index measures the performance of portfolio of 12 State Development Loans (SDLs) maturing during the twelve month period ending on 31st July, 2028.
The Nifty SDL Jul 2028 Index has a base date of 10th March, 2023, and a base value of 1000. The index will be reviewed semi-annually. The index is expected to appeal to investors looking to invest in debt portfolios with target maturity theme. It is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in form of Exchange Traded Funds (ETFs), index funds and structured products.
