SECI Invites Asset Management Companies to Submit Data for Short-Term Investment Panel

New Delhi, March, 2026: The Solar Energy Corporation of India Ltd. (SECI), a Navratna public sector enterprise under the Government of India, has initiated the process of empaneling Asset Management Companies (AMCs) for investing its surplus funds in debt-based Liquid and Overnight funds (Direct Plan Growth Schemes). This empanelment is effective from April 1, 2026.

The move aims to ensure that SECI’s surplus funds are managed efficiently while adhering to regulatory guidelines set by the Reserve Bank of India (RBI), SEBI, and the Government of India.

Key Requirements for AMC Participation

SECI has requested interested AMCs to submit the following certificates and information, duly signed and stamped by an authorized signatory:

Intent Certificate – Confirmation of the AMC’s desire to be included in SECI’s panel from April 1, 2026.
Compliance Certificate – Assurance that funds will not be utilized for portfolio management schemes and will follow SEBI/RBI guidelines.
AMC Type Certificate – Identification of AMC as Public Sector, Quasi-Public, or Private. SECI will empanel the top five PSUs/Quasi PSUs and top private AMCs based on Assets Under Management (AUM) as of January 31, 2026.
Credit Quality Certificate – Confirmation that the offered portfolio does not include securities below investment grade.
Regulatory Compliance Certificate – Declaration that schemes are governed as per SEBI guidelines and expense ratios do not exceed prescribed limits.
No Brokerage Certificate – Confirmation that investments will be made directly with the selected AMC without any brokerage charges.

Additional Information Required

AMCs are also asked to provide certified details including:

Overall AUM and AUM of Liquid/Overnight funds as of January 31, 2026.
Legal Entity Identifier (LEI) number of the AMC.
Pre-tax indicative yield for the previous seven days (Jan 25–31, 2026).
Entry and exit load, number of investors, expense ratio, and credit ratings from two SEBI-approved agencies.

Submission Details

All documents must be submitted in a sealed envelope by March 25, 2026, to:

6th Floor, Plate-B,
NBCC Office Block Tower-2,
East Kidwai Nagar,
New Delhi – 110023.

For clarification, AMCs can contact Mr. Mohit Singhal, Deputy Manager (Finance), at Singhal.mohit@seci.co.in or Mr. Akash Sharma, Senior Accounts Officer (Finance), at akash.sharma176@seci.co.in.

This initiative is part of SECI’s ongoing efforts to ensure prudent financial management while supporting India’s clean energy goals.