PF Trust Fund
This query is : Resolved
20 August 2009
The PF Trust Fund has to invest its monies as per certain rules. Can any body please provide the details of the same?
Thanks
Thanks
20 August 2009
The government has allowed all non-government provident funds, superannuation funds and gratuity funds to invest in equity markets.
As per the revised guidelines on the investment pattern to be followed, these funds can now invest up to five per cent of their total portfolio in shares of companies that have an investment grade debt rating from at least two credit rating agencies.
These funds have also been permitted to invest in Term Deposit Receipts (TDRs) of the public sector banks up to three years as against the existing limit of less than a year.
The new guidelines further allows these funds to invest in the bonds of the public financial institutions and public sector companies if these are rated as investment grade by two credit rating agencies.
It further allows an investment of up to 10 per cent in the debt instruments bearing investment grade rating and or equity-linked scheme of mutual funds regulated by SEBI. The maximum exposure of any fund to investment in any gilt fund has been restricted to 5 per cent of its portfolio at any point of time.
As per the revised guidelines on the investment pattern to be followed, these funds can now invest up to five per cent of their total portfolio in shares of companies that have an investment grade debt rating from at least two credit rating agencies.
These funds have also been permitted to invest in Term Deposit Receipts (TDRs) of the public sector banks up to three years as against the existing limit of less than a year.
The new guidelines further allows these funds to invest in the bonds of the public financial institutions and public sector companies if these are rated as investment grade by two credit rating agencies.
It further allows an investment of up to 10 per cent in the debt instruments bearing investment grade rating and or equity-linked scheme of mutual funds regulated by SEBI. The maximum exposure of any fund to investment in any gilt fund has been restricted to 5 per cent of its portfolio at any point of time.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Free lancer income
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG FOR GOLD ETFs
- Suggestions required for income tax filing-software (FY 2025-26)
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
