SEBI vide circular No. SEBI/HO/IMD/IMDII/DOF3/P/CIR/2021/571 dated 3rd June, 2021 has increased the overall limit for overseas investment by Mutual Funds.
- Mutual Funds can make overseas investments subject to a maximum of USD 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) subject to a maximum of USD 300 million per Mutual Fund, within the overall industry limit of US $ 1 billion