147 / 196
147
The investment policies framework regarding types and proportion of investments are as follows:
Investments in each asset management company should not exceed 40% of total investments.
1) Investments in debt securities
2) Investments in equity securities
3) Investments in property funds
4) Investments in foreign investment funds
5) Investments in gold funds
Government securities, debentures or bonds of
state enterprises or entities incorporated by specific
laws and guaranteed by the Ministry of Finance
Fixed deposits or NCDs at commercial banks and
promissory notes of finance companies or financial
institutions incorporated by specific laws
Debentures or warrants of debentures and bills
of exchange
Investment units or warrants of investment units in
mutual funds invested in debt securities
Unlimited
Not to exceed 15% per institution
Not to exceed 5% per issuer
Not to exceed 10% per mutual fund
Type of investment
Type of investment
Type of investment
Type of investment
Type of investment
Proportion of total investment
Proportion of total investment
Proportion of total investment
Proportion of total investment
Proportion of total investment
Investment units or warrants of investment units
in mutual funds invested in equity securities
Property funds
Foreign investment funds
Gold funds
Not to exceed 15% per mutual fund
(2013: Not to exceed 10% per mutual fund)
Not to exceed 10% of total investment
(2013: Not to exceed 10% of project value, and
amount not to exceed 2% of total investments)
Not to exceed 7.5% of total investment
(2013: Not to exceed 3% of total investments)
Not to exceed 3% of total investments