Portfolio of “Liquid Schemes” and nomenclature of “Liquid Plus” schemes

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....am, Sub: Portfolio of "Liquid Schemes" and nomenclature of "Liquid Plus" schemes A. Guidelines on portfolio of Liquid Scheme 1. Please refer to SEBI circular dated October 11, 2006 on "Uniform cut-off for applicability of NAV of mutual fund schemes/plans", wherein the characteristics of liquid scheme and plan portfolio have been defined in Schedule I. 2. The characteristics of liquid s....

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....ket securities with maturity of upto182 days only. ii. With effect from May 01, 2009, make investment in /purchase debt and money market securities with maturity of upto 91 days only. Explanation: a. In case of securities where the principal is to be repaid in a single payout the maturity of the securities shall mean residual maturity. In case the principal is to be repaid in more than on....

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....ruary 01, 2009 shall be permitted till October 31, 2009. With effect from November 1, 2009 the requirements stated at paragraph 4 (ii) above shall apply to such inter-se scheme transfers also. B. Liquid plus schemes The Advisory Committee of Mutual Funds also recommended that the nomenclature of "Liquid Plus Scheme" should be discontinued since it gives a wrong impression of added liquidity.....