The Solar Energy Corporation of India (SECI) has issued a letter to asset management companies (AMCs) requesting the submission of pre-request data for empanelment starting January 1, 2025. The purpose of this empanelment is for the short-term investment of SECI’s surplus funds in debt-based liquidity/overnight funds (direct plan growth scheme).
AMCs are required to submit specific certificates, duly signed and stamped by an authorized signatory, to be considered for inclusion in the panel. These certificates must include an intent to be included in SECI’s panel of mutual funds from January 2025, confirmation that the invested funds will not be utilized in portfolio management schemes, and assurance that the funds will be used following guidelines set by the RBI, Government of India, or SEBI.
Furthermore, AMCs must confirm whether they are public-sector, quasi-public, or private-sector entities. SECI plans to empanel the top five PSU/quasi-PSU AMCs and the top five private sector AMCs based on their assets under management (AUM) as of December 31, 2024. The requested certificates and information must be submitted by email no later than February 10, 2025.
Please view the document below for more details.
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