INVESTMENT POLICY OF CAPITAL PROTECTION SEGMENT Sample Clauses

INVESTMENT POLICY OF CAPITAL PROTECTION SEGMENT. 6.3.1 Investments in respect of the Capital Protection Segment may only be made in ‘AA’ or better rated instruments or in instruments of ‘AA’ or better rated Banks at the time of investment. The investment made by the Capital Protection Segment must at least satisfy the capital protection clauses in the Offering Document. 6.3.2 Investments in the Capital Protection Segments may at any time be realized at the discretion of the Investment Advisor but only to invest in other security that in the opinion of the Investment Advisor provides a better return and in such a manner that maintains the capital protection of the Scheme after notifying SECP and the Trustee. 6.3.3 In case the rating of the financial institution is reduced from “AA” or institution is placed on watch list, Investment Advisor may at any time realize the investment at its discretion but only to reasonably protect the interest of the Certificate Holders. 6.3.4 If the investments in a Capital Protection Segment are realized on a date close to but before the termination of the Scheme, the funds so realized will be invested in short term instruments such as bank account with ‘AA’ or better rated Banks, reverse repo transactions of Government securities. The funds shall not be invested without prior written approval of the Commission. 6.3.5 The capital of the Fund is protected only in terms of the base currency i.e. the Pakistani Rupee. In addition, the capital protection is only valid in terms of the current tax and legal environment of Pakistan and is subject to force majuere factors such as bankruptcy of an ‘AA’ rated institution.
Sample 1
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