The Securities and Exchange Board of India (SEBI) has now increased the overseas investment limit for local mutual funds. The mutual funds can now make overseas investments subject to a maximum of US $ 1 billion per Mutual Fund, within the overall industry limit of US $ 7 billion. Mutual Funds can make investments in overseas Exchange Traded Fund (ETF(s)) subject to a maximum of US$ 300 million per Mutual Fund, within the overall industry limit of US$1billion.
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