Labour Ministry Notification dated 9th July 2003
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INVESTMENT
PATTERN
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% to be invested
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(i) Central Government Securities as
defined in section 2 of the Public Debt Act, 1944 (18 of 1944);
and/or
units of such Mutual Funds which have been set up as dedicated Funds for
investment in Government securities and which have been approved by the Securities and Exchange
Board of India.
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25%
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(ii) (a) Government Securities as defined
in Sec. 2 of the Public Debt Act,1944 (18 of 1944); created and issued by any
State Government ;
and
/or units of such Mutual Funds which have been set up as dedicated Funds for
investment in Govt. securities and which have been approved by the Securities and Exchange
Board of India; and/or
(b) Any, other negotiable securities
the principal where of and interest where on is fully and unconditionally guaranteed
by the Central Government or any State Government except those covered under
(iii)(a) below:
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15%
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(iii) (a) Bonds/ Securities of
‘Public Financial Institutions’ as specified under Section 4(1) of the Companies
Act, “public sector companies” as defined in section 2(36-A) of the Income
Tax Act, 1961 Including public sector banks; and/or (b) Short duration (less
than a year) Term Deposit Receipt (TDR) issued by public sector banks.
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30%
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(iv) to be invested in any of the
above three categories as decided by their Trustees.
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30%
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(v) The Trusts, subject to their assessment
of risk-return prospects, may invest up to 1/3rd of (iv) above, in private
sector bonds/ securities, which have an investment grade rating form at least
two credit rating agencies
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