The overseas indices like Hang Seng lost around 20% in the three year horizon. The other overseas indices such as NASDAQ, DAX, and Dow Jones, NYSE, and FTSE 100 were up in the last three years, ranging from 3.58% to 6.71%.
This came in the wake of a major correction in global markets that brought down the valuation of international stocks., , bfsi, sebi, stocks, mutual funds
In January, Sebi had asked mutual fund houses to stop taking fresh subscriptions in schemes investing in overseas stocks. The directive to stop subscription was mainly on account of the mutual fund industry crossing the mandated limit of USD 7 billion for overseas investments, , sebi, mutual funds, International Stocks