Mutual funds may have higher limits to invest in overseas securities

Author: External Author |

Article by Business Law Chamber

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.

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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

Link to Original Article:  https://economictimes.indiatimes.com/mf/mf-news/mutual-funds-may-have-higher-limits-to-invest-in-overseas-securities/articleshow/89598918.cms