Section 8 (d) & Section 9 of the
Parliamentary Act No. 46 of 1980 empowers the
Board to invest its funds. Investment
objectives, Asset Allocation & other guide
lines and Code of Conducts & Ethics for
the staff of Investment Division approved by
the Board of Directors have been stipulated in
the Investment Policy.
Investment
Objectives
The primary objective in
the investment of Board's funds is to ensure
the safety of principal, while managing
liquidity to pay the financial obligations of
the Board, and providing optimum investment
return using authorized instruments.
Safety
The safety of
capital is the foremost objective of the
Board. A substantial portion of the
investment portfolio will be invested in
gilt-edged government securities in
order to ensure safety of the capital
Liquidity
The Investment
portfolio shall remain sufficiently
liquid to enable the Board to meet all
operating requirements that might be
reasonably projected.
Return on
Investment
The Investment
portfolio shall be designed to obtain
the highest available return, taking
into account the constrains and cash
flow needs. Investment Division shall
seek to obtain the highest available
return using authorized investment
instruments.
Approved
Asset Allocation
%
%
Fixed Income
Investments
(a)
Gilt-edged securities
Treasury
Bills/Treasury Bonds/Rupee Loans
87
(b)
Other Fixed income securities
(maximum)
( subject to
conditions )
05
(c)
Short term Repos
02
94.0
Equities (Maximum)
- Shares & Units (subject to
conditions)
