Nifty 4-8 yr G-Sec index is constructed using the prices of top 3 (in terms of traded value) liquid GOI bonds with residual maturity between 4 to 8 years and having outstanding issuance of over Rs.5000 crores.
The individual bonds are assigned weights considering the traded value and outstanding issuance in the ratio of 40:60. The index measures the changes in the dirty prices of the bond basket