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When you send money overseas, there is usually a transaction fee and an exchange rate markup
Mutual funds can no longer invest in overseas stocks or mutual funds since they hit their $7 billion limit. They can still invest in overseas exchange traded funds (ETFs) for which there is a separate $1 billion limit (the exception are fund houses that have exhausted their individual sub-limits).
Due to this curb, many retail investors are thinking of investing overseas via the Liberalised Remittance Scheme (LRS) route, which allows each resident individual to remit up to $250,000 overseas in a financial year. According to the Reserve Bank of India (RBI) bulletin, investment in overseas equities and debt via the LRS
First Published: Jun 03 2022 | 9:30 PM IST