PFRDA Orders – Investment in Infrastructure Debt Funds

PFRDA Orders – Investment in Infrastructure Debt Funds

Pension Futd Regulatory & Development Authority
1st Floor, ICADR Buddng,
Plot No. 6, Vasant Kunj
Institutional Area, Phase – II,
New Delhi- 110070
Tel : 011 26897948126897949
Fax: 011-26897938

File No: PFRDA/6/7/1

Date: 11th July 2013

To,
All PFMs

Dear Sir/Madam,

Subject: Investment in Infrastructure Debt Funds

 

With reference to the above, it is hereby clarified that Infrastructure Debt Funds, incorporated either as Mutual Funds or as NBFCs, are to be considered as debt instruments eligible for investments under the debt category of all NPS Schemes, provided it is rated as investment grade by two credit rating agencies .

 

Kindly note that apart from the ratings assigned by the agencies, PFM shall undertake their own due diligence for assessment of risks associated with the securities before investing.

 

Yours faithfully,
sd/-
(Mono MG Phukon)
Deputy General Manager

Source : www.pfrda.org.in
[http://pfrda.org.in/writereaddata/linkimages/Investment%20in%20Infra%20%20Debt%20Funds%203223630795.pdf]

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