 "funds, mf, mutual funds, equity, outflow, inflow, investment, investors, stocks, market")
Mutual funds’ investment in shares of companies listed abroad surged this year, increasing to Rs 33,078 crore as of November from Rs 10,042 crore in December 2020.
The sharp climb (see chart 1), seen in the figures of tracker primemfdatabase, comes despite a ceiling on mutual fund investment in foreign companies, which has remained unchanged at $7 billion since 2008.
An increasing number of asset managers are launching schemes that invest abroad.
The weakening of the rupee, such as when the dollar became worth more than Rs 76 earlier in December, provides some respite to absorb fresh inflows. Investment worth
