(1)

"Infrastructure debt fund scheme " means a mutual fund scheme that invests primarily (minimum 90% of scheme assets) in the debt securities or securitized debt instrument of infrastructure companies or infrastructure capital companies or infrastructure projects or special purpose vehicles which are created for the purpose of facilitating or promoting investment in infrastructure, and other permissible assets in accordance with these regulations or bank loans in respect of completed and revenue generating projects of infrastructure companies or Projects or special purpose vehicles.

(2)

"Infrastructure " includes the sectors as specified by guidelines issued by the Board or as notified by Ministry of Finance, from time to time.

(3)

'Strategic Investor' means;

(i) an Infrastructure Finance Company registered with Reserve bank of India as Non Banking Financial company;

(ii) a Scheduled Commercial Bank;

(iii) International Multilateral Financial Institution.

(iv) [ Systemically Important Non Banking Financial Companies registered with Reserve Bank of India; [Inserted by Notification No. LAD-NRO/GN/2013-14/03/5652, dated 16.4.2013.]

(v) Foreign Institutional Investors registered with the Board, subject to their applicable investment limits, which are long term investors in terms of the norms specified by SEBI.]