More News
STRUCTURED PRODUCTS | Cesar Tordesillas, India

NHPC's guidelines for mutual funds investments get approved

India's Ministry of Power approved the internal guidelines submitted by National Hydroelectric Power Corporation for investment of short-term surplus funds in mutual funds.


According to the guidelines, investments in Public Sector Mutual Funds, encompassing equity investments, should not exceed 30% of the available surplus funds.

To decide on a particular scheme, liquid fund schemes and plans, fixed maturity plans, credit rating, yield, portfolio, corpus of funds, brokerage, expense ratio, entry/exit load and the overall exposure, are to be considered.

Availability of short-term surplus funds shall be assessed for a period ranging up to one year based on cash flow projections. The investment in the mutual funds shall be preferred when the amount available as surplus is for a period of seven days or less.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.