SEBI Proposes Easing of Investments by Indian Mutual Funds in Foreign Funds
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- By Chetan Kulasri
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- Last Updated on 20 May, 2024
Latest from Taxmann
SEBI Report; Dated: 17.05.2024
SEBI has proposed to allow Indian Mutual Funds to invest in overseas funds which have invested a certain portion of their assets in Indian securities, subject to the condition that the total exposure to Indian securities by such overseas funds should not exceed 20% of their net assets. This move aims to keep the Indian Fund of Funds (FoFs) true to its label and cost-effective for investors. The comments on the same may be submitted by June 7, 2024.
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