SEBI Update – Increase in overseas investment limits per Mutual Fund

PUBLISHED ON: 03-06-2021

SEBI has increased the investment limits per Mutual Fund, as specified below: 

 

Investment Type	Previous Limit (per Mutual Fund)	New Limit (per Mutual Fund)
Overseas Investment	USD 600 million	USD 1 billion
Investments in Overseas Exchange Traded Funds	USD 200 million	USD 300 million per

• The overall industry limit of USD 7 billion for overseas investment by Mutual Funds, and USD 1 billion for investments in overseas Exchange Traded Funds has not been revised.

 

• The limits set out in the fund documents be would be considered as soft limits for the purpose of monthly reporting by Mutual Funds, in respect of new fund offers schemes as well as the ongoing schemes of Mutual Funds. 

 

The aforementioned change was notified vide circular dated June 3, 2021 (available here).

 

All the other conditions in the SEBI Circular dated November 5, 2020 (available here) remain unchanged.