SEBI Permits Indian Mutual Fund Schemes to Invest in Overseas Funds With a Limit on Exposure to Indian Securities

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Last Updated on 6 November, 2024

Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/149; Dated: 04.11.2024

SEBI has permitted Indian Mutual Fund (MF) schemes to invest in overseas mutual funds or unit trusts (UT) that have exposure to Indian securities. The condition is that the total exposure to Indian securities by these overseas mutual funds/unit trusts must not be more than 25% of their assets. The Indian MF schemes must ensure that all investors’ contributions to an overseas MF/UT are combined into a single investment vehicle without any side vehicles. The circular shall be effective immediately.

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