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of <h1>RBI Doubles Overseas Investment Limit for SEBI-Registered Mutual Funds to $2 Billion, Removes Reciprocal Shareholding Requirement.</h1> The Reserve Bank of India has liberalized overseas investment by mutual funds registered with the Securities and Exchange Board of India (SEBI). The aggregate ceiling for such investments is increased from USD 1 billion to USD 2 billion. Additionally, selected Indian mutual funds can invest up to USD 1 billion in overseas Exchange Traded Funds. The requirement for a 10 percent reciprocal shareholding in listed Indian companies by overseas companies has been removed. SEBI will issue detailed operational guidelines. Monthly reporting to the Reserve Bank will continue with modifications. Amendments to relevant regulations will be issued separately.
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