https://www.taxtmi.com/circulars?id=56990 FPIs may invest in treasury bills, G secs and SDLs; investments in any debt category with residual maturity below one year are limited to 20% of that FPI's total investment in that category at any point in time. The cap applies continuously, reckoning all securities with less than one year residual maturity at the time of measurement; FPIs exceeding the cap as of the transition date have six months to comply but must not add to the short residual portfolio during the transition. Corporate bonds are brought into the same short residual limit. Related FPIs aggregate investments for concentration limits and online monitoring of G sec limits will be implemented. en-us Tue, 01 May 2018 00:00:00 +0530 Tue, 01 May 2018 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56990 FPIs may invest in treasury bills, G secs and SDLs; investments in any debt category with residual maturity below one year are limited to 20% of that FPI's total investment in that category at any point in time. The cap applies continuously, reckoning all securities with less than one year residual maturity at the time of measurement; FPIs exceeding the cap as of the transition date have six months to comply but must not add to the short residual portfolio during the transition. Corporate bonds are brought into the same short residual limit. Related FPIs aggregate investments for concentration limits and online monitoring of G sec limits will be implemented. Circulars FEMA Tue, 01 May 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56990