Endowment fund

(1) The University shall establish an endowment fund of at least Rupees one crore. (2) The University shall have power to invest the endowment fund in such manner as may be prescribed. (3) The University may transfer any amount from the endowment fund or the general fund to the development fund or endowment fund in any other circumstances; but no amount shall be transferred from the endowment fund for other purposes. (4) Not exceeding 75 percent of the incomes received from the endowment fund shall be used for the purposes of the University and the remaining 25 percent shall be reinvested into the endowment fund.