Investment pattern requirements impose prescribed allocations to government securities, high grade instruments and trustee managed pools with valuation and concentration limits. Prescribes a revised investment pattern for investible moneys under rule 67(2), effective 1 April 2005, allocating minimum portions to Central Government securities or dedicated government securities mutual funds; to State Government and government guaranteed securities; and to investment grade instruments of public financial institutions, public sector companies or banks, TDRs of public sector banks and approved collateral instruments, with a trustee managed residual allocation. Provisos address transitional reinvestment, tradable portfolio limits with mark to market and NAV valuation, single fund exposure caps, limited corporate investments subject to investment grade ratings, and rating triggered exit and reinvestment rules.
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Investment pattern requirements impose prescribed allocations to government securities, high grade instruments and trustee managed pools with valuation and concentration limits.
Prescribes a revised investment pattern for investible moneys under rule 67(2), effective 1 April 2005, allocating minimum portions to Central Government securities or dedicated government securities mutual funds; to State Government and government guaranteed securities; and to investment grade instruments of public financial institutions, public sector companies or banks, TDRs of public sector banks and approved collateral instruments, with a trustee managed residual allocation. Provisos address transitional reinvestment, tradable portfolio limits with mark to market and NAV valuation, single fund exposure caps, limited corporate investments subject to investment grade ratings, and rating triggered exit and reinvestment rules.
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