Overseas investment liberalisation: mutual funds permitted expanded instrument classes and higher aggregate ceiling, subject to reporting requirements. Mutual funds registered in India may increase aggregate overseas allocations and invest in an expanded range of foreign instruments, including ADRs/GDRs, overseas listed equity, public offerings for overseas listings, investment grade foreign debt and money market instruments, repos (without borrowing), investment grade government securities, exchange traded derivatives for hedging, short term deposits with rated banks, and units of overseas mutual funds or unit trusts; monthly reporting by AD Category I banks to the Reserve Bank remains mandatory.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Overseas investment liberalisation: mutual funds permitted expanded instrument classes and higher aggregate ceiling, subject to reporting requirements.
Mutual funds registered in India may increase aggregate overseas allocations and invest in an expanded range of foreign instruments, including ADRs/GDRs, overseas listed equity, public offerings for overseas listings, investment grade foreign debt and money market instruments, repos (without borrowing), investment grade government securities, exchange traded derivatives for hedging, short term deposits with rated banks, and units of overseas mutual funds or unit trusts; monthly reporting by AD Category I banks to the Reserve Bank remains mandatory.
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