Sebi allows MFs to invest in foreign funds with Indian securities exposure

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The story "Sebi allows MFs to invest in foreign funds with Indian securities exposure" was covered 2 weeks ago by Business Standard, a news publisher based in India.

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Sebi allows MFs to invest in foreign funds with Indian securities exposure - Business Standard

Quick Summary:

Markets regulator Sebi on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.

The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.

Also, MF schemes are required to ensure that all investors' contributions to an overseas MF/UT are combined into a single investment vehicle without any side vehicles.