RESTRICTION ON INVESTMENTS
Mutual fund scheme shall not invest more than 15% (20 % after approval from Board of Trustees and AMC)of its NAV in debt instruments (including mortgaged backed securitized debt) issued by a single issuer which are rated not below investment grade by a credit rating agency. No limit for Govt. securities and money market instruments.
A mutual fund scheme shall not invest more than 10% of its NAV in unrated debt instruments issued by a single issuer and the total investment in such instruments shall not exceed 25% of the NAV of the scheme. All such investments shall be made with the prior approval of the Board of Trustees and the Board of asset management company.
No mutual fund under all its schemes should own more than ten per cent of any company's paid up capital carrying voting rights.
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