CRISIL Limited today announced the launch of a new target maturity index, the ‘CRISIL IBX 70:30 CPSE Plus SDL Index – April 2025’.

The index will track the performance of AAA CPSE and SDL securities maturing between November 1, 2024 and April 30, 2025. It will mature on April 30, 2025.

This is the third such index launched by CRISIL on target maturity funds. The earlier two track the gilt market in 2027 and 2028 maturities.

Asset managers can now create passive products tracking the index.

Says, Jiju Vidyadharan, Senior Director, Funds and Fixed Income Research, CRISIL Ltd, “This index further underscores CRISIL’s commitment to support growth in the capital markets, especially in India, where passive investment products are growing fast. It will serve as an appropriate reference for upcoming index-linked funds or exchange traded funds.”

To enhance replicability, CRISIL has given due consideration to liquidity while defining the criteria for constituent selection in the index. This, coupled with the current yield curve steepness of 4 years over 1 year (1.21% for AAA PSU and 1.57% for SDLs as on 31st December 2021), adds to the attractiveness of target-date passive products.

CRISIL currently maintains over 100 standard and customised indices, which are used by mutual funds, insurance companies, provident funds, and investors in Indian markets. While most of these indices follow a fixed maturity construct, the target date indices will act as suitable reference for the upcoming breed of target date index funds.

For more details, please refer to the CRISIL Indices webpage https://www.crisil.com/en/home/what-we-do/financial-products/indices.html