ICRA Management Consulting Services (IMaCS), an arm of ICRA, has launched a set of four fixed income indices including one on corporate bonds with an aim to create more depth in the Indian debt market.
The four indices which has been launched are ICRA Gilt Indices, ICRA Liquid Indices, ICRA Corporate Bond Indices and ICRA Composite Debt Indices.
It will enable asset managers and investors with effective benchmarks to measure the risk returns dynamics of the fixed income markets.
The constituents of the Indices are well diversified covering various issuers and sectors and the rebalancing would be every fortnight in case of liquid indices and on a monthly basis for the others.
ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency. It was established in 1991
Non-Executive Chairman & an Independent Director of ICRA is Arun Duggal.