PF Trust Fund
This query is : Resolved
Bhavesh Mehta
(Querist)
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
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
