Mutual fund overseas investment liberalisation expands eligible securities and removes reciprocal shareholding requirement, subject to SEBI guidelines and RBI reporting. Liberalisation permits SEBI registered Mutual Funds to invest more broadly overseas by removing the reciprocal shareholding requirement and expanding eligible securities, including specified overseas Exchange Traded Funds for qualified funds; SEBI will prescribe operational guidelines on eligibility, limits, recognised exchanges and monitoring, while monthly RBI reporting by Authorised Dealer Category I banks continues using a modified table and regulatory amendments to FEMA will be issued separately.
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Mutual fund overseas investment liberalisation expands eligible securities and removes reciprocal shareholding requirement, subject to SEBI guidelines and RBI reporting.
Liberalisation permits SEBI registered Mutual Funds to invest more broadly overseas by removing the reciprocal shareholding requirement and expanding eligible securities, including specified overseas Exchange Traded Funds for qualified funds; SEBI will prescribe operational guidelines on eligibility, limits, recognised exchanges and monitoring, while monthly RBI reporting by Authorised Dealer Category I banks continues using a modified table and regulatory amendments to FEMA will be issued separately.
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