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New Investment Pattern For Non-Government Provident Funds, Superannuation Funds And Gratuity Funds With Effect From 1st April, 2015

Dated:- 2-3-2015 - Government notifies the Investment Pattern for Non-Government Provident Funds, Superannuation Funds and Gratuity Funds. This is reviewed from time to time and revisions are effected based on the developments in the financial market and economy. The investment pattern was last revised on 14th August, 2008 and was to be made effective from 1st April, 2009. Subsequently, there was a budget announcement in the Budget Speech of 2013-14 that the list of eligible securities in which .....

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the Investment Pattern to provide greater flexibility to subscribers to maximise returns as also to provide long term resources to productive sectors in the economy. Accordingly, the proposed revised pattern was put up on the website of the DFS in draft form in June, 2014 inviting comments. A large number of comments were received and these have been examined by the Government. 2. Based on this feedback, the revised investment pattern has been finalised and is being notified shortly. It explici .....

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1st April, 2015, inter alia, include: (i) providing minimum and maximum limits for Central Government Securities, State Government Securities, Government Guaranteed Securities (with a separate maximum limit of not in excess of 10%) and units of gilt Mutual Funds, forming part of a single category and allowing investment up to 50% of the investible funds, instead of 55% under the earlier Investment Pattern of 2008; (ii) providing a minimum investment ceiling for the categories of (a) Government S .....

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of even less than one year duration issued by scheduled commercial banks subject to the specified financial criteria; and (v) prescribing investment of minimum 5% and up to 15% of the investible funds in equity and equity related instruments. (vii) strengthening credit rating requirements for some financial instruments from investment grade to AA category, keeping the protection of interests of subscribers, in view (3) Further, it has been provided that,- (i). The prudent investment of the Funds .....

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