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

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.

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Category: BusinessFinance

Markets: India

Topics: Sebi MF norms Sebi Sebi norms Mutual funds Investment rules

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 17:46:33 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23395557

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