{"id":3262,"date":"2023-02-25T09:09:50","date_gmt":"2023-02-25T03:39:50","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=3262"},"modified":"2025-03-26T11:20:06","modified_gmt":"2025-03-26T05:50:06","slug":"what-is-the-nifty-india-municipal-bond-index","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-the-nifty-india-municipal-bond-index\/","title":{"rendered":"What is the Nifty India Municipal bond index?"},"content":{"rendered":"<h2>About Nifty India Municipal bond index :<\/h2>\n<ul>\n<li>It is <strong>India\u2019s first-ever municipal bond index.<\/strong><\/li>\n<li>It was <strong>launched by NSE Indices Ltd<\/strong>, the subsidiary of India\u2019s National Stock Exchange (NSE).<\/li>\n<li>The index <strong>tracks the performance of municipal bonds issued by Indian municipal corporations<\/strong> across maturities and <strong>has investment-grade credit ratings<\/strong>.<\/li>\n<li>The index includes municipal bonds issued as per the Securities Exchange Board of India Issue and Listing of Municipal Debt Securities Regulations, 2015.<\/li>\n<li>Presently, the <strong>index has 28 municipal bonds issued by 10 issuers,<\/strong> all having <strong>credit ratings in the AA category.<\/strong><\/li>\n<li>The index constituents are <strong>assigned weights based on their outstanding amount<\/strong>.<\/li>\n<li>The index is <strong>computed using the total return methodology,<\/strong> including price and coupon returns.<\/li>\n<li>The index has a <strong>base date of January 01, 2021<\/strong>, and a <strong>base value of 1000.<\/strong><\/li>\n<li>The index will be <strong>reviewed quarterly.<\/strong><\/li>\n<li>It will <strong>act as a<\/strong> <strong>benchmark for passive funds<\/strong>, providing more investment choices to fixed-income investors and creating an impetus for asset managers to consider investing in such bonds<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is a Municipal Bond?<\/h3>\n<p>A municipal bond or muni bond is a debt instrument issued by municipal corporations or associated bodies in India. These local governmental bodies utilise the funds raised through these bonds to finance projects for socio-economic development.\u00a0\u00a0<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/economictimes.indiatimes.com\/markets\/bonds\/nse-unit-launches-first-municipal-bond-index\/articleshow\/98201270.cms\" target=\"_blank\" rel=\"nofollow noopener\"><u>NSE unit launches first Municipal Bond Index<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty India Municipal bond index is India\u2019s first-ever municipal bond index.<\/p>\n","protected":false},"author":5,"featured_media":3263,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3262","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/3262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=3262"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/3262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/3263"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=3262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=3262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=3262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}