Mumbai (Maharashtra) [India], February 11 (ANI): BSE Index Services Pvt. Ltd. on Wednesday announced the launch of two new G-Sec indices — the BSE 4–8 Year G-Sec Index and the BSE 8–13 Year G-Sec Index.
The indices are reconstituted monthly, have a base value of 100, and use August 31, 2015, as the first value date. They are weighted by turnover and outstanding amount, according to a statement issued by BSE Index Services.
The BSE 4–8 Year G-Sec Index seeks to measure the performance of the top three most liquid government securities with residual maturity between four and eight years and with outstanding issuance exceeding Rs. 7,500 crore.
Similarly, the BSE 8–13 Year G-Sec Index seeks to measure the performance of the top three most liquid government securities with residual maturity between eight and 13 years and with outstanding issuance exceeding Rs. 7,500 crore.
The new indices can be used to run passive investment strategies such as exchange-traded funds and index funds. They can also serve as benchmarks for portfolio management service strategies, mutual fund schemes, and fund portfolios.
With this addition to BSE’s suite of indices, investors will have access to a broader spectrum of market opportunities to enhance their investment strategies. (ANI)
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