Overseas Portfolio Investment expanded to include units or instruments of regulated overseas funds, widening eligible Indian investors. Investment (including sponsor contribution) in units or any other instrument issued by an overseas investment fund or vehicle, duly regulated by the host jurisdiction (including where regulation is effected through a fund manager), shall be treated as Overseas Portfolio Investment (OPI). Outside IFSCs, such OPI may be made by listed Indian companies and resident individuals; within IFSCs, unlisted Indian entities may also make such investments, subject to applicable limits and schedule V of the Overseas Investment Rules.