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.