Common use of Investment of the Trust Property Clause in Contracts

Investment of the Trust Property. 16.1 During the Initial Period, the Trustee shall hold the Trust Property in cash in separate accounts with banks having at least, if available, an investment grade rating (investment grade rating is equivalent to or above BBB) (assigned by any credit rating agency licensed by the Commission) and approved by the Management Company. After the Initial Period all cash, except in so far as such cash may in the opinion of the Management Company be required for liquidity or other purposes shall be invested by the Trustee from time to time in such Authorized Investment as may (subject always to the provisions of this Deed) be directed by the Management Company. 16.2 Any investment may at any time be realized at the discretion of the Management Company either in order to invest the proceeds of sale in other Authorized Investments or to provide cash required for the purpose of any provision of this Deed or in order to retain the proceeds of sale in cash or in deposit as aforesaid or partly one and partly another. Any Investment which ceases to be an Authorised Investment shall be realized and the net proceeds of realization shall be applied in accordance with this clause; provided that the Trust may postpone the realization of such investment for such period as the Management Company and the Trustee may determine to be in the interest of the Unit Holders. It is clarified that the proceeds of any Investment realized as aforesaid shall be kept by the Trustee in the account of the Scheme. 16.3 The purchase or sale of any Investment in listed securities for the account of the Trust shall be made on the Stock Exchange, through a Broker who must be a member of the Stock Exchange, unless the Management Company is satisfied that it is possible (subject to applicable law) to make such purchase or sale more advantageously in some other manner. The Broker will be appointed from time to time by the Management Company. The Management Company shall not nominate, directly or indirectly, as a Broker any of its directors, officers or employees or their family members (which term shall include their spouse, parents, children, brothers and sisters). The purchase or sale of any Investment in unlisted securities shall be made in accordance with the procedures or rules and regulations, if any, applicable thereto. 16.4 If and so long as the value of the holding in a particular issue of a company or investment/ instrument or sector shall exceed the limit imposed by the Rules, the Trustee shall not purchase any further investments in such company or sector. 16.5 The Trust shall not at any time: a. invest or deal in Restricted Investments; b. make short sales of any security or maintain a short position; c. purchase any security in a forward contract. d. participate in joint account with others in any transaction. terms in all respects as the Management Company shall think fit but subject always to the provisions of the Rules and this deed, any waivers granted by the competent authority and so that no such contract shall relate to an Authorized Investment which if acquired would constitute a holding in excess of the exposure limit specified in the Rules. The underwriting and sub-underwriting commission and all Authorized Investments acquired pursuant to any such contract and/or agreements shall form part of the Trust Property and any subscription or purchase moneys payable thereunder shall be paid out of the Trust Property.

Investment of the Trust Property. 16.1 During and prior to the commencement of the Initial Period, Period the Trustee shall hold the Trust Property on deposit in cash in a separate accounts account(s) with banks a schedule bank(s) or financial institution having at least, if available, an investment grade rating (investment grade rating is equivalent to or above BBB) (assigned by any credit rating agency licensed by the Commission) and approved by the Management Company. After the Initial Period all cashTrust Property, except in so far as such cash may in the opinion of the Management Company be required for liquidity or other purposes transfer to the Distribution/Redemption Account, shall be invested by the Trustee from time to time in on such Authorized Investment as may (subject always to the provisions of this DeedTrust Deed and the Rules) be directed by the Management Company. 16.2 6.3.1 It is declared that the Scheme shall offer investment opportunities in accordance with the investment options announced in the Offering Document. 6.3.2 Any investment Investment may at any time be realized at the discretion of the Management Company either in order to invest the proceeds of sale in other Authorized Investments Investment or to provide cash required for the purpose of any provision of this Trust Deed or in order to retain the proceeds of sale in cash or in on deposit as aforesaid or partly one and partly another. Any Investment investment which ceases to be an Authorised Investment shall be realized and the net proceeds of realization shall be applied in accordance with this clauseClause; provided that the Trust may postpone the realization of such investment for such period as the Management Company and the Trustee may determine to be in the interest of the Unit Holders. It is clarified that the proceeds of any Investment realized as aforesaid shall be kept by the Trustee in the account of the Scheme. 16.3 6.3.3 The purchase or sale of any Investment in listed securities for the account of the Trust shall be made on the Stock Exchange, through a Broker who must be a member of the Stock Exchange, unless the Management Company is satisfied that it is possible (subject to applicable law) and permissible under the rules and regulations to make such purchase or sale more advantageously in some other manner. The Broker will be appointed from time to time by the Management CompanyCompany under intimation to the Trustee. The Management Company shall not nominate, except as may be permissible under the Rules, directly or indirectly, as a Broker any of its directors, officers or employees or their family members (which term shall include their spouse, parents, children, brothers and sisters). The purchase or sale of any Investment in unlisted securities shall be made in accordance with the procedures or rules and regulations, if any, applicable thereto. 16.4 If and so long as the value of the holding in a particular issue of a company or investment/ instrument or sector shall exceed the limit imposed by the Rules, the Trustee shall not purchase any further investments in such company or sector. 16.5 The Trust shall not at any time: a. invest or deal in Restricted Investments; b. make short sales of any security or maintain a short position; c. purchase any security in a forward contract. d. participate in joint account with others in any transaction. terms in all respects as the Management Company shall think fit but subject always to the provisions of the Rules and this deed, any waivers granted by the competent authority and so that no such contract shall relate to an Authorized Investment which if acquired would constitute a holding in excess of the exposure limit specified in the Rules. The underwriting and sub-underwriting commission and all Authorized Investments acquired pursuant to any such contract and/or agreements shall form part of the Trust Property and any subscription or purchase moneys payable thereunder shall be paid out of the Trust Property.

Investment of the Trust Property. 16.1 During and prior to the commencement of the Initial Period, Period the Trustee shall hold the Trust Property on deposit in cash in a separate accounts account(s) with banks a schedule bank(s) or financial institution having at least, if available, an investment grade rating (investment grade rating is equivalent to or above BBB) (assigned by any credit rating agency licensed by the Commission) and approved by the Management Company. After the Initial Period all cashTrust Property, except in so far as such cash may in the opinion of the Management Company be required for liquidity or other purposes transfer to the Distribution/Redemption Account, shall be invested by the Trustee from time to time in on such Authorized Investment as may (subject always to the provisions of this DeedTrust Deed and the Rules) be directed by the Management Company. 16.2 6.3.1 It is declared that the Scheme shall offer investment opportunities in accordance with the investment options announced in the Offering Document. 6.3.2 Any investment Investment may at any time be realized at the discretion of the Management Company either in order to invest the proceeds of sale in other Authorized Investments Investment or to provide cash required for the purpose of any provision of this Trust Deed or in order to retain the proceeds of sale in cash or in on deposit as aforesaid or partly one and partly another. Any Investment investment which ceases to be an Authorised Investment shall be realized and the net proceeds of realization shall be applied in accordance with this clauseClause; provided that the Trust may postpone the realization of such investment for such period as the Management Company and the Trustee may determine to be in the interest of the Unit Holders. It is clarified that the proceeds of any Investment realized as aforesaid shall be kept by the Trustee in the account of the Scheme. 16.3 6.3.3 The purchase or sale of any Investment in listed securities for the account of the Trust shall be made on the Stock Exchange, through a Broker who must be a member of the Stock Exchange, unless the Management Company is satisfied that it is possible (subject to applicable law) and permissible under the rules Rules or Regulations1 and regulations to make such purchase or sale more advantageously in some other manner. The Broker will be appointed from time to time by the Management CompanyCompany under intimation to the Trustee. The Management Company shall not nominate, except as may be permissible under the Rules or Regulations1, directly or indirectly, as a Broker any of its directors, officers or employees or their family members (which term shall include their spouse, parents, children, brothers and sisters). The purchase or sale of any Investment in unlisted securities shall be made in accordance with the procedures or rules and regulations, if any, applicable thereto. 16.4 If and so long as the value of the holding in a particular issue of a company or investment/ instrument or sector shall exceed the limit imposed by the Rules, the Trustee shall not purchase any further investments in such company or sector. 16.5 The Trust shall not at any time: a. invest or deal in Restricted Investments; b. make short sales of any security or maintain a short position; c. purchase any security in a forward contract. d. participate in joint account with others in any transaction. terms in all respects as the Management Company shall think fit but subject always to the provisions of the Rules and this deed, any waivers granted by the competent authority and so that no such contract shall relate to an Authorized Investment which if acquired would constitute a holding in excess of the exposure limit specified in the Rules. The underwriting and sub-underwriting commission and all Authorized Investments acquired pursuant to any such contract and/or agreements shall form part of the Trust Property and any subscription or purchase moneys payable thereunder shall be paid out of the Trust Property.