Foreign investment limits in government securities and infrastructure debt revised, relaxing maturity and lock in requirements for eligible foreign investors. The circular increases the limit for FII investment in Government securities and reallocates sub-limits, including a sub-limit requiring a residual maturity of at least three years at first purchase, and permits certain long-term institutional investors to register with SEBI to invest. For infrastructure debt, the lock-in period is uniformly reduced to one year and the residual maturity at first purchase is set at fifteen months; QFIs may invest in mutual fund schemes with at least 25% infrastructure assets under the existing mutual fund sub-limit. Amendments to FEMA regulations will follow.
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Provisions expressly mentioned in the judgment/order text.
Foreign investment limits in government securities and infrastructure debt revised, relaxing maturity and lock in requirements for eligible foreign investors.
The circular increases the limit for FII investment in Government securities and reallocates sub-limits, including a sub-limit requiring a residual maturity of at least three years at first purchase, and permits certain long-term institutional investors to register with SEBI to invest. For infrastructure debt, the lock-in period is uniformly reduced to one year and the residual maturity at first purchase is set at fifteen months; QFIs may invest in mutual fund schemes with at least 25% infrastructure assets under the existing mutual fund sub-limit. Amendments to FEMA regulations will follow.
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