Letter to IRDAI-Proposal for insurance companies to Invest in Debt Securities issuances by Real Estate Investment Trust (REITs) 17 July 2019
Mutual Funds in India are allowed to hold up to 10% of the units issued by a single REIT. However, insurance companies in India are allowed to hold a maximum of only 5% of the units issued by a single REIT, provided it is less than 3% of the total investable corpus of the company.
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