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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New FPI Rules: No Minimum Maturity for Govt Securities, 20% Cap on Short-Term Investments Enforced.</h1> The circular addresses changes in the investment regulations for Foreign Portfolio Investors (FPIs) in debt securities. It removes the minimum residual maturity requirement for Central Government securities and State Development Loans, with a stipulation that FPIs' investments in securities with less than one year maturity cannot exceed 20% of their total investment in that category. FPIs can invest in corporate bonds with a minimum residual maturity of over one year, but the same 20% limit applies to bonds with shorter maturities. The circular also clarifies rules on treasury bills, related FPIs, and concentration limits, with immediate effect.
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