CRISIL Research has launched India’s first index to act as a benchmark for performance of investments of Foreign Portfolio Investors (FPI) in the fixed-income market, in both rupee and dollar versions.
The composite index is constructed based on the regulatory restrictions for FPIs and its investment trends in domestic fixed-income securities. Accordingly, it will track the performance of government securities, and AAA and AA rated corporate bonds with residual maturity greater than 3 years.
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