SEBI ups overseas investment limits for individual mutual funds to $1b
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Last Updated: Jun 03, 2021, 08:49 PM IST
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Synopsis
The capital market regulator said that individual mutual funds can now make up to $1 billion in overseas investments within the overall industry limit of $7 billion.
SEBI said the changes will come into force with immediate effect.
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MUMBAI: The Securities and Exchange Board of India on Thursday relaxed certain investment limits for mutual funds that make overseas investments after consultation with the industry.
The capital market regulator said that individual mutual funds can now make up to $1 billion in overseas investments within the overall industry limit of $7 billion.
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