The Securities and Exchange Board of India on 3rd June 2021 has enhanced the overseas investment limit for mutual fund to US $ 1 billion per Mutual Fund, within the overall industry limit of US $ 7 billion.
Further, the 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 $ 1 billion.
The above limits have been revised, based on the representations received from Mutual Fund industry requesting to enhance the investment limits per Mutual Fund.
