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of <h1>RBI Raises Mutual Fund Overseas Investment Limit from $2B to $3B Under FEMA 1999; SEBI Guidelines Unchanged.</h1> The circular addresses the liberalization of mutual fund investments in overseas securities. The Reserve Bank of India (RBI) has increased the aggregate ceiling for such investments by mutual funds registered with the Securities and Exchange Board of India (SEBI) from USD 2 billion to USD 3 billion, effective immediately. All existing terms, conditions, and operational guidelines set by SEBI remain unchanged. Monthly reporting to the RBI for statistical purposes, as previously required, will continue. The circular is issued under the Foreign Exchange Management Act, 1999, and banks are instructed to inform their clients of these changes.
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