S.No.

Investment

Minimum Percentage of Investible moneys to be invested in items referred to in column (2)

(1)

(2)

(3)

(i)

In 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 are regulated by the securities and Exchange Board of India;

Twenty five Percent.

(ii)

(a) in 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 are regulated by the securities and Exchange Board of India: and/or

(b) in any other negotiable securities the principle whereof the interest whereon is fully and unconditionally guaranteed by the Central Government or any State Government except those covered under (iii)(a) below;

Fifteen per cent.

(iii)

(a) in bonds/securities of a public financial institution or of a public sector company or of a public sector bank, which have an investment grade rating from at least two credit rating agencies; and/or

(b) Term Deposit Receipts (TDR) up to three years issued by public sector banks; and/ or

(c) in Collateral Borrowing and Lending Obligation (CBLO) issued by Clearing Corporation of India Limited and approved by the Reserve Bank of India

Thirty per cent.

(iv)

to be investment in any of the above three categories, as decide by their Trustees.

Thirty per cent.