UTI Investments Shifts ETF Benchmark to FTSE Index

UTI Investments announced a strategic move to transition its Sovereign Bond ETF's benchmark from the Nifty India Government FAR Select 7 Bonds Index to the FTSE Indian Government Bond FAR Index. This collaboration with FTSE Russell aims to enhance visibility and align with globally recognized benchmarks.

The ETF continues to provide investor access to Indian government bonds, representing a more balanced portfolio with broader yield-curve exposure. The inclusion of Indian government bonds in major emerging markets indexes like JPMorgan, Bloomberg, and FTSE underscores the market's development and global interest.

Factors such as higher yields and low correlation with US Treasuries make Indian government bonds attractive. Supported by strong foreign exchange reserves and an improved credit rating, India offers a solid investment landscape.