What are perpetual debt instruments?

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Perpetual debt instruments are debt funds with no maturity date. The issuer keeps paying interest forever till either the company dissolves, closes down, or till the investor holds the bond.

The aggregate ceiling of holding in Perpetual Debt Instruments should not exceed 24 percent of each issue and investment by a single NRI should not exceed 5 percent of each issue.

Topic: NRI Trading in India - Account, Rules, Eligibility Article

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