CEILING ON O V E R S E A S INVESTMENTS BY MFs ENHANCED

With a view to providing greater opportunity to invest overseas, the extent ceiling on overseas investments by Mutual Funds (MFs), registered with Securities and Exchange Board of India (SEBI), have been enhanced. Accordingly, the aggregate ceiling for overseas investment by MFs, registered
with SEBI, is increased from USD 2 billion to USD 3 billion with immediate effect.