NSE launches Nifty 50 Net Total Return Index

NSE Indices launched a new variant of the Nifty 50 index named Nifty 50 Net Total Return (NTR) index.

The Nifty 50 Net Total Return index aims to measure the performance of the Nifty 50 index considering that the cash dividends and the gains from bonus issues are reinvested in the Nifty 50 index after applying relevant withholding tax and capital gains tax respectively.


Nifty 50 PRI - Price Return Index - reflects the performance of the index. Current Nifty 50 PRI - 20855.

Nifty 50 TRI - Total Return Index - Nifty 50 PRI + dividends. Current Nifty TRI - 30646.

Nifty 50 NTR - Net Total Return Index - Nifty 50 TRI minus withholding tax and capital gains tax. Data to be updated.

The Nifty 50 Net Total Return index will be computed in two currencies Indian rupee (INR) and US dollar (USD).

The newly launched index will appeal to international investors looking to invest in the Indian equity market, giving a better picture of Nifty 50  real returns.

RBI NEW GS 2073 Bond

The government plans to sell Rs 10,000 crore ($1.2 billion) of a 2073 bond on November 3, 2023, according to the Reserve Bank of India.

Insurers in India are lining up to grab a share of the nation’s debut 50-year bond offering, highlighting the growing heft of long-term investors in the nation’s $1 trillion debt market.

The yield on the 50-year note is likely to be close to its 40-year counterpart, which was sold at about 7.54 per cent last week.

RBI 2073
source: bloomberg

The longer-dated bonds, like 30- and 40-year papers, have been the most well-received segment in the whole yield curve in the auctions so far.

RBI launches UDGAM. What is UDGAM?

Reserve Bank of India (RBI) has launched UDGAM – Unclaimed Deposits Gateway to Access inforMation – to tap the unclaimed deposits in the country.

In a statement, the RBI said this portal will make it easier for the public to search their unclaimed deposits across multiple banks in one place.


How to find unclaimed deposits in SBI, PNB, other banks?

RBI Udgam Portal Registration Process:

Users have to first register on Udgam Portal with their mobile number, name and set-up password. After registering, log in to the portal and enter any 1 search criteria and select the bank. Selection of multiple bank accounts to search unclaimed deposits is also allowed.

Click here to register Udgam

Once you enter the above details, the portal will show your unclaimed deposits lying in any of the banks selected by you.

RBI Udgam Portal Login Link

In a statement in July 2022, the RBI noted that unclaimed deposits were increasing despite efforts to raise public awareness. However, despite public awareness campaigns undertaken by banks as well as RBI from time to time, the amount of Unclaimed Deposit is showing an increasing trend.

Investors should make use of this portal and check whether you or any family member have an unclaimed deposits with any of the banks.

What is Gift Nifty?

 What is Gift Nifty?

Gift Nifty is a new identity given to SGX Nifty, available for trading in NSE IX with effect from July 3. Instead of Singapore Exchange, US dollar-denominated contracts of Nifty futures will now trade in NSE IX which is in GIFT City SEZ .


What happens to SGX Nifty?

SGX Nifty has been suspended for trading and will eventually get delisted from the Singapore Exchange.

What are the timings of SGX Nifty?

Gift Nifty will be accessible for almost 21 hours. It is open in two sessions - from 6.30 am to 3.40 pm and then again from 4.35 pm to 2.45 am in the second session.

How to check Gift Nifty live data?

Gift Nifty live data can be checked on the NSE IX website and futures contracts from here - Gift Nifty.