Indian Government issues First Sovereign Green Bond

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HDFC Asset Management manager of HDFC (MF) recently filed for Indias first target maturity funds in order to track Sovereign Green Bonds (SGrBs).

It includes tracking of the HDFC Nifty India Sovereign Green Bond Jan 2028 Index Fund as well as the HDFC Nifty India

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Sovereign Green Bond Jan 2033 Index Fund.

The Government of India issued these sovereign green bonds which will be used in public sector projects. It can help to curb the carbon intensity of the economy.