Investment in ADRs/GDRs/ Foreign Securities and overseas ETFs by Mutual Funds

It has now been decided that Mutual Funds can invest in ADRs/GDRs/Foreign Securities within overall limit of US$4 bn. This will be with a sub-ceiling for individual Mutual Funds which should not exceed 10% of the net assets managed by them as on 31st March of each relevant year and subject to a maximum of US$200 mn. per mutual fund.