SEBI Increases Foreign Investment Limit for MFs

• Securities and Exchange Board of India (SEBI) has increased overseas investment limit for local mutual funds.

About:

• With this, mutual funds can make overseas investments to a maximum of US $ 1 billion per Mutual Fund out of overall industry limit of US $ 7 billion.
• While in overseas Exchange Traded Fund, mutual funds can invest a maximum of US $ 300 million per Mutual Fund with industry limit of US $ 1 billion.