New Investment Pattern for PFs
Please find attached the new investment pattern for PFs. It does not mention any particular date from which it is applicable. Therefore, they have kept an option either to opt for it from 1st April 2014 or from the previous year.
Main Differences Between the Earlier and New Patterns
- PSU and Private bonds – up to 55% instead of 40% in the MoF pattern
- Equity / Equity MFs – Nil instead of 15% in the MoF pattern
- Any moneys received on the maturity of earlier investments, reduced by obligatory outgoings, shall be invested in the same category.
Regards
Please find attached the new investment pattern for PFs. It does not mention any particular date from which it is applicable. Therefore, they have kept an option either to opt for it from 1st April 2014 or from the previous year.
Main Differences Between the Earlier and New Patterns
- PSU and Private bonds – up to 55% instead of 40% in the MoF pattern
- Equity / Equity MFs – Nil instead of 15% in the MoF pattern
- Any moneys received on the maturity of earlier investments, reduced by obligatory outgoings, shall be invested in the same category.
Regards
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