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of <h1>RBI Raises Overseas Investment Cap for SEBI-Registered Mutual Funds from USD 5 Billion to USD 7 Billion.</h1> The circular issued by the Reserve Bank of India announces the liberalization of overseas investment by mutual funds. The aggregate ceiling for such investments by mutual funds registered with the Securities and Exchange Board of India (SEBI) has been increased from USD 5 billion to USD 7 billion. The provision allowing qualified Indian mutual funds to invest up to USD 1 billion in overseas Exchange Traded Funds remains unchanged. Monthly reporting requirements to the Reserve Bank continue, with modifications to include additional investment categories. Authorized banks are instructed to inform their clients and ensure compliance with the reporting obligations.
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