Sixth Bi-Monthly Monetary Policy Statement, 2014-15, issued on February 03, 2015<\/a> in terms of which all future investment by FPIs in the debt market in India will be required to be made with a minimum residual maturity of three years.<\/p>\n3. Accordingly, 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. Further, all future investments against the limits vacated when the current investment runs off either through sale or redemption, shall be required to be made in corporate bonds with a minimum residual maturity of three years.<\/p>\n
4. FPIs shall not be allowed to make any further investment in liquid and money market mutual fund schemes.<\/p>\n
5. There will, however, be no lock-in period and FPIs shall be free to sell the securities (including those that are presently held with less than three years residual maturity) to domestic investors.<\/p>\n
6. The aforesaid directions come into force with immediate effect. Further operational guidelines, if any, will be issued by SEBI.<\/p>\n
7. All other existing conditions for investment by FPIs in the debt market remain unchanged.<\/p>\n
8. AD Category \u2013 I banks may bring the contents of this circular to the notice of their constituents and customers concerned.<\/p>\n
9. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions \/ approvals, if any, required under any other law.<\/p>\n
Yours faithfully,<\/p>\n
(B. P. Kanungo)
Principal Chief General Manager<\/p>\n","protected":false},"excerpt":{"rendered":"
RBI\/2014-15\/448A.P.(DIR Series) Circular No. 71 February 03, 2015 To, All Authorised Persons Madam\/ Sir, Foreign investment in India by Foreign Portfolio Investors Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[336],"yoast_head":"\nAll future investment by Foreign Portfolio Investors (FPIs) in the debt market in India will be required to be made with a minimum residual maturity of three years - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/banking\/all-future-investment-by-foreign-portfolio-investors-fpis-in-the-debt-market-in-india-will-be-required-to-be-made-with-a-minimum-residual-maturity-of-three-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All future investment by Foreign Portfolio Investors (FPIs) in the debt market in India will be required to be made with a minimum residual maturity of three years - All About Finance\" \/>\n<meta property=\"og:description\" content=\"RBI\/2014-15\/448A.P.(DIR Series) Circular No. 71 February 03, 2015 To, All Authorised Persons Madam\/ Sir, Foreign investment in India by Foreign Portfolio Investors Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification ... 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