Provident fund investment pattern governs trustee allocations, rating thresholds, concentration limits, and fiduciary due diligence for exempted trusts. Prescribes the investment pattern and fund management framework for exempted provident fund trusts, requiring monthly provident fund contributions to be transferred to the Board of Trustees within fifteen days of month-end and invested within two weeks of receipt. The notification allocates provident fund accumulations among government securities, debt instruments, short-term debt instruments, equities, and asset backed or trust structured investments, subject to specified percentage bands, rating requirements, maturity conditions, and exposure limits. It also requires fresh accretions to be invested within the prescribed pattern, sets turnover and concentration controls, and places fiduciary, due diligence, transparency, and cost-management responsibilities on trustees.
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Provisions expressly mentioned in the judgment/order text.
Provident fund investment pattern governs trustee allocations, rating thresholds, concentration limits, and fiduciary due diligence for exempted trusts.
Prescribes the investment pattern and fund management framework for exempted provident fund trusts, requiring monthly provident fund contributions to be transferred to the Board of Trustees within fifteen days of month-end and invested within two weeks of receipt. The notification allocates provident fund accumulations among government securities, debt instruments, short-term debt instruments, equities, and asset backed or trust structured investments, subject to specified percentage bands, rating requirements, maturity conditions, and exposure limits. It also requires fresh accretions to be invested within the prescribed pattern, sets turnover and concentration controls, and places fiduciary, due diligence, transparency, and cost-management responsibilities on trustees.
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