Mutual fund investment rules limit schemes to specified securities, money market instruments, debt, securitised assets, and metals.
Asset management companies must invest mutual fund scheme funds only in permitted asset classes-securities, money market instruments, privately placed debentures, asset backed or mortgage backed securitised debt, gold and silver (and related instruments), and any other assets the Board may specify-subject to the scheme's investment objective and the Mutual Fund Regulations; the Board may prescribe conditions for investments by mutual fund schemes and Specialized Investment Funds.
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