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of <h1>SEBI Raises Offshore Investment Cap for VCFs to 25%, Sets AIFs Limit at USD 500 Million.</h1> The circular issued by SEBI provides guidelines for overseas investments by Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs). It permits VCFs to invest up to 25% of their investible funds in offshore ventures with an Indian connection, up from the previous 10% limit. AIFs are allowed to invest in offshore equity instruments, subject to a combined limit of USD 500 million. Both VCFs and AIFs must adhere to FEMA regulations and RBI guidelines. The circular also clarifies operational requirements for AIFs, including investor communication and fund management practices.
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