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Administration Manual - B.E.S.T. Undertaking.

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Rating % of Annual<br />

investible funds<br />

AAA<br />

to be invested<br />

(excluding<br />

GSECS)<br />

50.00%<br />

% of Annual<br />

investible funds<br />

to be invested<br />

(excluding<br />

GESCS)<br />

% of Annual<br />

investible funds<br />

to be invested<br />

(excluding<br />

GSECS)<br />

50.00% 50.00%<br />

AA 30.00% 30.00% 30.00%<br />

A 20.00% 20.00% 20.00%<br />

1160<br />

Recently as per the new RPFC guidelines as per the existing pattern 25% of the<br />

investible funds shall be invested in Central Government Securities and /or Units of such<br />

Mutal Fund which have been set up as dedicated fund for investment in Govt. Securities and<br />

which have been approved by Securities and Exchange Board of India ( SEBI ). Accordingly,<br />

we have started investing 40% of 25% category ( or 10% of Provident Fund investible fund )<br />

in mutual fund vide circulatory sanction of P.F. Trustee dated 26.3.2004.<br />

At the time of investment in Bonds and Securities, we do take care to remain within the<br />

limits of norms prescribed in the guidelines as far as investment under 15% SGS and 30%<br />

,25% PSU, 30% Open category is concerned.<br />

In case of investment under 30% (Open) category ( PSU Bonds ) 30% or 30% Open<br />

category if the Bonds to be purchased are not "AAA" rated then circulatory sanction of<br />

P.F.Trustees is required to be obtained before making such investments. This circulatory<br />

sanction is taken by AOPF.<br />

For investment under 25% (CGS) category following steps are to be followed :-

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