SECI Invites Top AMCs To Manage Surplus Funds Through Liquid And Overnight Investment Schemes For FY2026

Solar Energy Corporation of India (SECI), a Navratna Government of India enterprise, has started the process of empanelling Asset Management Companies (AMCs) for the financial year 2026. According to an official notice issued on March 6, 2026, the organization is inviting leading AMCs to manage the short-term investment of its surplus funds. These investments will mainly be placed in debt-based Liquid and Overnight funds through Direct Plan Growth schemes.

The initiative is aimed at ensuring safe and efficient management of SECI’s financial resources. Under the empanelment plan, the corporation intends to select the top five Public Sector or Quasi-Public AMCs and the top five Private Sector AMCs. The selection will be based on their Assets Under Management (AUM) as recorded on January 31, 2026. By choosing the largest and most established fund managers, SECI aims to maintain high levels of financial security and reliability.

To qualify for empanelment, interested AMCs must meet several strict eligibility conditions. Companies will be required to submit certifications confirming that SECI’s invested funds will not be used in any portfolio management schemes. They must also guarantee that all investment activities will strictly follow the guidelines set by the Reserve Bank of India, Securities and Exchange Board of India, and the Government of India.

Another important requirement is related to investment safety. SECI has clearly stated that the schemes offered by AMCs must not include any securities rated below investment grade. This condition is intended to reduce financial risk and ensure that public funds remain protected. In addition, the corporation has made it mandatory that no brokerage fees will be charged to SECI, as all investment transactions will be conducted directly with the selected AMCs.

Interested companies must submit detailed information, including their overall closing AUM, scheme expense ratios, and credit ratings issued by two SEBI-approved rating agencies. All required documents must be submitted in a sealed envelope to SECI’s registered office in East Kidwai Nagar, New Delhi, by March 25, 2026. This move reflects SECI’s focus on transparency and responsible financial management while supporting India’s clean energy transition.