Foreign investment limits for mutual funds: investments allowed subject to eligibility, disclosure, dedicated management and due diligence. Mutual funds may invest in ADRs/GDRs, overseas equity, highly rated foreign debt, AAA government securities and units of overseas funds within an aggregate industry ceiling and individual fund sub-ceilings; overseas ETFs are permitted for qualified funds meeting specified eligibility and sub-limit conditions. Funds must appoint a dedicated Fund Manager, satisfy due diligence and disclosure requirements, report performance and exposures to trustees and SEBI, and apply prescribed expense treatment for foreign fund investments.
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.
Foreign investment limits for mutual funds: investments allowed subject to eligibility, disclosure, dedicated management and due diligence.
Mutual funds may invest in ADRs/GDRs, overseas equity, highly rated foreign debt, AAA government securities and units of overseas funds within an aggregate industry ceiling and individual fund sub-ceilings; overseas ETFs are permitted for qualified funds meeting specified eligibility and sub-limit conditions. Funds must appoint a dedicated Fund Manager, satisfy due diligence and disclosure requirements, report performance and exposures to trustees and SEBI, and apply prescribed expense treatment for foreign fund investments.
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