Circular on Enhancement of Overseas Investment Limits (Circular dated – 03.06.2021) – SEBI
View PdfCircular on Enhancement of Overseas Investment Limits (Circular dated – 03.06.2021) – SEBI
- Based on the representations received from Mutual Fund industry to enhance the investment limits per Mutual Fund, the limits are being revised as under:
- Mutual Funds can make overseas investments subject to a maximum of US $ 1 billion per Mutual Fund, within the overall industry limit of US $ 7 billion.
- 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.
- All other conditions specified in the above mentioned circular shall remain unchanged.
- This circular shall come into force with immediate effect.
- This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Regulation 77 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
