Mutual funds may have higher limits to invest in overseas securities
The Securities and Exchange Board of India and the Reserve Bank of India are discussing a proposal to raise the overseas investment limit for Indian mutual funds by as much as 25%, as the funds have nearly reached the current limit of $7 billion, three people familiar with the matter said.
Original Article Source Credits: The Economic Times , https://economictimes.indiatimes.com/
Article Written By: Saikat Das & Pavan Burugula
Original Article Posted on: Feb 15, 2022