Permissible investments for restricted schemes include specified financial instruments, with liquidity safeguards before initial fundraising thresholds. Restricted schemes may invest in specified securities, money-market and debt instruments, securitised debt, other investment schemes, derivatives, limited ... Summary
Permissible investments for restricted schemes include specified financial instruments, with liquidity safeguards before initial fundraising thresholds.
Restricted schemes may invest in specified securities, money-market and debt instruments, securitised debt, other investment schemes, derivatives, limited liability partnerships, and other specified financial products or assets. Investments must comply with the scheme's investment objective and placement memorandum disclosures. Monies received before the first close of a close-ended scheme or before an open-ended scheme raises the prescribed minimum funds must be placed only in investments preserving capital and ensuring adequate liquidity. Close-ended schemes may also invest up to twenty per cent of their corpus in specified physical assets.
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