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Reserve Bank of India RBI/2021-22/44 A.P. (DIR Series) Circular No. 05 May 31, 2021 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF) Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to theForeign Exchange Management (Debt Instruments) Regulations, 2019notified, videNotification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to
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FAQ :
The MTF outlines the regulations and limits for Foreign Portfolio Investors (FPIs) investing in Government Securities (G-secs) and State Development Loans (SDLs).
The limit for FPI investment in Government Securities (G-secs) remains unchanged at 6% of outstanding stocks for FY 2021-22.
The limit for FPI investment in State Development Loans (SDLs) remains unchanged at 2% of outstanding stocks for FY 2021-22.
All investments by eligible investors in the 'specified securities' are reckoned under the Fully Accessible Route (FAR).
The allocation of incremental changes in the G-sec limit is retained at a 50:50 ratio for the 'General' and 'Long-term' sub-categories for FY 2021-22.
Authorised Dealer Category-I banks can refer to Table 1 in the circular for the revised limits in absolute terms for different categories, including G-Sec, SDL, and Corporate Bonds.
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Source : https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=12102&Mode=0