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March 2014

A. P. (DIR Series) Circular No. 99 dated 29th January, 2014

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Foreign investment in India by SEBI registered Long term investors in Government dated Securities

Presently, FII, QFI and other long term investors registered with SEBI, viz. Sovereign Wealth Funds (SWF), Multilateral Agencies, Pension/Insurance/ Endowment Funds and Foreign Central Banks, are permitted to invest up to US $30 billion, on repatriation basis, in Government dated securities. Out of the above limit of US $30 billion, a sub-limit of US $5 billion has been marked out for investment by other long term investors registered with SEBI.

This Circular has increased the said sub-limit of US $5 to US $10. As a result, other long term investors registered with SEBI, viz. Sovereign Wealth Funds (SWF), Multilateral Agencies, Pension/Insurance/ Endowment Funds and Foreign Central Banks, can now invest up to US $10 billion in Government dated securities within the overall limit of $30.

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