 "Sebi")
The Securities and Exchange Board of India (Sebi) on Thursday revised the overseas investment limit for mutual funds (MFs). The market regulator stated in a circular that MFs can make overseas investments up to $1 billion each, within the overall industry limit of $7 billion.
MFs had made representations to the regulator to increase the investment limit. Last November, Sebi had enhanced the overseas investment limit from $300 million per mutual fund to $600 million.
Industry participants say this announcement was the need of the hour as several MF schemes that were international focused were attracting huge inflows. Sebi in its circular
