The Securities and Exchange Board of India (Sebi) is considering doubling the overseas investment limit for domestic mutual funds (MFs), a move that will help citizens diversify their investments. According to sources, the market regulator intends to increase the industry-wide limit from $7 billion to $12 billion or $15 billion.
This comes amid a growing trend among domestic fund houses to launch schemes that allow exposure to overseas assets. While the current $7-billion limit is yet to be fully utilised, some players are approaching the cap meant for individual fund ...
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