Mutual fund overseas investment limits expanded, imposing per-fund sub-ceiling based on net assets and conditions unchanged. Mutual funds are authorised to invest in ADRs/GDRs, foreign securities and overseas ETFs within an overall overseas investment ceiling of US$4 billion, subject to a per-fund sub ceiling not exceeding 10% of net assets as on March 31 of the relevant year and capped at US$200 million per mutual fund; all other conditions in prior SEBI circulars remain unchanged under SEBI's regulatory authority.
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Provisions expressly mentioned in the judgment/order text.
Mutual fund overseas investment limits expanded, imposing per-fund sub-ceiling based on net assets and conditions unchanged.
Mutual funds are authorised to invest in ADRs/GDRs, foreign securities and overseas ETFs within an overall overseas investment ceiling of US$4 billion, subject to a per-fund sub ceiling not exceeding 10% of net assets as on March 31 of the relevant year and capped at US$200 million per mutual fund; all other conditions in prior SEBI circulars remain unchanged under SEBI's regulatory authority.
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