TMI BlogFII investments in Debt SecuritiesX X X X Extracts X X X X X X X X Extracts X X X X ..... ry 19, 2007 announced the increase in the cumulative debt investment limit available for investment by FIIs/ Sub Accounts in Government Securities/ T-Bills from US $2 billion to US $2.6 billion. It has now been decided to further enhance the said limit to US $3.2 billion. It was noticed that there was no uniformity among custodians with respect to considering investments by FIIs in debt oriented ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... limits. The individual limits allocated to the 100% debt FIIs/ Sub Accounts stand cancelled. 2. The allocation of unutilized/ unallocated limits for investments in Government Securities/ T-Bills shall be on first-come-first-serve basis. The applications may be forwarded on the e-mail ID, [email protected]. The allocation shall be valid for a period of 15 days from the date of the alloc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d be taken note of: i. All FII transactions in debt-oriented mutual fund units which were previously reported as Equity transactions should be reported as debt on February 15, 2008, through the existing reporting system. ii. Importantly, all such transactions should be nullified simultaneously by reporting reverse transactions in equity on the aforementioned date. A copy of this circular is ava ..... X X X X Extracts X X X X X X X X Extracts X X X X
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