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of <h1>SEBI Allows Mutual Funds to Invest in Overseas Securities, ETFs, and ADRs/GDRs; Monthly Reporting Required.</h1> The circular addresses the liberalization of mutual fund investments in overseas securities. Mutual funds registered with SEBI can now invest in overseas mutual funds with nominal investments in unlisted securities, overseas exchange-traded funds, and ADRs/GDRs of foreign companies. Monthly reporting to the Reserve Bank will continue, with modifications to include these new investment categories. Amendments to the Foreign Exchange Management Regulations will be issued separately. Authorized Dealer Category - I banks are instructed to inform their clients of these changes. The circular is issued under the Foreign Exchange Management Act, 1999, without affecting other legal permissions or approvals.
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