Income-tax (23rd Amendment) Rules, 2005

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....e substituted, namely: - (2) The manner of investment referred to in sub-rule (1) shall be in accordance with the following table, TABLE INVESTMENT PATTERN S.No. Investment Minimum Percentage of Investible moneys to be invested in items referred to in column (2) (1) (2) (3) (i) In Central Government securities as defined in section 2 of the Public Debt Act, 1944 (18 of 1944); and/or units of such Mutual Funds which have been set up as dedicated funds for investment in Government securities and which are regulated by the securities and Exchange Board of India;  Twenty five Percent. (ii) (a) in Government securities as defined in section 2 of the Public Debt Act, 1944 (18 of 1944), created and issue....

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.... (ii) of the said table into tradable and non-tradable categories and sup to ten per cent. of the said portfolio at the end of the preceding financial year can be treated as tradable and may be used for active management: Provide also that the tradable portfolio of Government securities mentioned in the second proviso shall be marked to the marked and the mutual funds, which have been set up as dedicated funds for investment in Government securities, shall be valued at Net Asset Value at the end of the financial year: Provided also that irrespective of the proportion of investments stated in clause (i) and (ii) of the said Table, exposure of a trust to any individual mutual fund which has been set up as a dedicated fund for investment....