Sebi doubles foreign investment limit for individual fund houses to $600 mn

The regulator has also quadrupled the quantum of investment that individual fund houses can make in overseas exchange traded funds to $200 million from $50 million at present

The Securities and Exchange Board of India (Sebi) has doubled the limit of overseas investments for individual fund houses to $600 million. However, the industry-wide cap for investing abroad remains unchanged at $7 billion.

The regulator has also quadrupled the quantum of investment that individual fund houses can make in foreign exchange-traded funds (ETFs) to $200 million from $50 million at present. The industry limit remains at $1 billion.

A number of fund houses have approached Sebi in the past few months, asking it to review the existing limits. Experts say Sebi was earlier in favour of increasing the limits on a