SEBI notifies increase in MFs' overseas investment limit to $7 bln
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K.Karthik Raja
Apr 8, 2008, 8:48:13 AM4/8/08
to Kences1
SEBI notifies increase in MFs' overseas investment limit to $7 bln
Tuesday, Apr 8
MUMBAI - The Securities and Exchange Board of India today notified
the
increase in overseas investment limit of domestic mutual funds to $7
bln from
$5 bln, according to the regulator's Web site.
The Reserve Bank of India, which regulates overseas investments,
had made
an announcement to this effect Thursday.
WebLink://Click here/id=11091 - 03-04-2008/go
The overall ceiling for investment in overseas exchange traded
funds
continues to be $1 bln. End
.
Tuesday, Apr 8
MUMBAI - The Securities and Exchange Board of India today notified
the
increase in overseas investment limit of domestic mutual funds to $7
bln from
$5 bln, according to the regulator's Web site.
The Reserve Bank of India, which regulates overseas investments,
had made
an announcement to this effect Thursday.
WebLink://Click here/id=11091 - 03-04-2008/go
The overall ceiling for investment in overseas exchange traded
funds
continues to be $1 bln. End
.
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