NSE Indices has introduced a new version of the Nifty 50 index called the Nifty 50 Net Total Return (NTR) Index. This index is designed to gauge the performance of the Nifty 50 by factoring in reinvested cash dividends and gains from bonus issues, while also accounting for relevant withholding tax and capital gains tax. The index will be calculated in Indian Rupee (INR) and US Dollar (USD), resulting in two distinct variants: Nifty 50 Net Total Return (INR) and Nifty 50 Net Total Return (USD).
Furthermore, the launch of these new indices expands the options available for the Nifty 50 index, with a total of three variants for each currency: Nifty 50 Price Return (PR), Nifty 50 Total Return (TR), and Nifty 50 Net Total Return (NTR).
These indices are anticipated to attract international investors seeking to invest in the Indian equity market and are projected to serve as benchmarks for asset managers and as reference indices tracked by passive funds globally, such as Exchange Traded Funds (ETFs), index funds, and structured products.
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