Tuesday, October 6, 2015
Foreign Investment in India by FPIs in Security Receipts
All future investments by an FPI within the limit for investment in corporate bonds shall be required to be made in corporate bonds with a minimum residual maturity of three years.
Such restriction shall not be applicable to investment in Security Receipts issued by ARCs. However, investment in SRs shall be within the overall limit prescribed for corporate debt from time to time.
Based on RBI Circular dt 16/07/15. Please visit www.rbi.org.in for any further clarification if required…..Poppy