Investment pattern for retirement funds mandates prescribed minimum allocations across government securities, public institution bonds and trustee decided categories. Rule 67(2) is substituted to require recognized provident, approved superannuation and approved gratuity funds to allocate investible moneys across specified categories: minimum 25% in Central Government securities or SEBI approved dedicated mutual funds; 15% in State Government securities or equivalent mutual funds and permissible government guaranteed negotiable securities; 30% in bonds/securities of public financial institutions, public sector companies or public sector banks and short duration TDRs; and 30% in any of the foregoing as trustee decided, subject to provisos on maturity proceeds, limited investment in rated non public sector bonds, downgrade exit and deeming of certain interim investments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment pattern for retirement funds mandates prescribed minimum allocations across government securities, public institution bonds and trustee decided categories.
Rule 67(2) is substituted to require recognized provident, approved superannuation and approved gratuity funds to allocate investible moneys across specified categories: minimum 25% in Central Government securities or SEBI approved dedicated mutual funds; 15% in State Government securities or equivalent mutual funds and permissible government guaranteed negotiable securities; 30% in bonds/securities of public financial institutions, public sector companies or public sector banks and short duration TDRs; and 30% in any of the foregoing as trustee decided, subject to provisos on maturity proceeds, limited investment in rated non public sector bonds, downgrade exit and deeming of certain interim investments.
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