Crisil launches seven new indices

Crisil Research today launched seven indices, including one in government securities (G-Sec) segment.
In credit indices, Crisil has expanded offerings by launching the Crisil A Long Term-Bond Index and Crisil A Short-Term Bond Index, which will track the performance of lower-rated bonds, it said in a statement.
Additionally, it has introduced medium-term indices for G-Secs and credit -- the Crisil Medium Term Gilt Index, the Crisil AAA Medium Term Bond Index, and the Crisil AA Medium Term Bond Index.
In hybrids, Crisil has introduced two indices -- the Crisil Balanced Fund - Conservative Index and the Crisil Balanced Fund - Moderate Index, with varying exposure to equity and debt.

The existing balanced fund index has been renamed the Crisil Balanced Fund - Aggressive Index, it said.
The new 'A' rated bonds indices will represent the performance of bonds of issuers from the 'A' rating category, it added.

Crisil currently maintains 38 indices across bonds, G-Secs, money market, hybrid and commodity segments, which are used by asset managers for benchmarking their products and portfolios.
The new medium-term credit indices will represent the performance of bonds with a residual maturity of 3 to 5 years, while the new medium-term G-Sec index will represent performance of government securities with a residual maturity of 5 to 10 years, it said.

Within the hybrid category, the exposure of the index to equity and debt varies across the three variants with 65 per cent allocation to debt within the conservative variant, 50 per cent allocation within the moderate variant and 35 per cent within the aggressive variant, it added.