NSE Indices, a subsidiary of NSE, has launched India’s first sovereign green bond indices to track the performance of Indian sovereign green bonds issued recently by the government. The maturity dates for these indices, Nifty India Sovereign Green Bond Jan 2028 Index and Nifty India Sovereign Green Bond Jan 2033 Index, are January 31, 2028 and January 31, 2033 respectively. Both indices have a base value of 1,000 and a base date of January 27, 2023. The indices will be reviewed on a monthly basis. These indices are expected to serve as a benchmark for asset managers and a reference index tracked by passive funds in the form of exchange traded funds, index funds and structured products, allowing fixed income investors to gain efficient and cost-effective access to the Indian sovereign green bond market while also benefiting society.