In exercise of the powers conferred by sub-paragraph (1) of paragraph 52 of the Employees’ Provident Funds Scheme, 1952 and in super session of the Notification of the Government of India in the Ministry of Labour No.S.O. 1398, dated the 11th July 1998 (dated 19-6-1998 published in the Gazette of India) the Central Government hereby directs that all incremental accretions belonging to the Fund shall be invested in accordance with the following pattern namely: -
| INVESTMENT PATTERN.. | PERCENTAGE AMOUNT TO BE INVESTED | |||
| 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 | 25 % | |||
| (a) Government Securities as defined in section 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 Government securities and which have been approved by the Securities and Exchange Board of India; and/or (b) Any other negotiable securities the principal whereof and interest whereon is fully and unconditionally guaranteed by the Central Government or any State Government except those covered under (iii)(a) below: | 15 % 15 % | |||
| (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 | 30 % | |||
| To be invested in any of the above three categories as decided by their Trustees | 30 % | |||
| The Trust, 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 from at least two credit rating agencies. | | |||
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