An index has been launched by Crisil a ratings agency. This index will act as a prototype for performance of investments of foreign portfolio investors (FPI) in the fixed-income market, in both rupee and dollar versions.
This will channel the enforcement of government securities and AAA and AA rated corporates bonds with residual maturity greater than 3 years.
With the exception of FPI index, crisil adheres 47 indices across the bond, gilt, money market, hybrid and commodity segments, which are used by asset managers for benchmarking their products and portfolios.
Source: Times of India