Mutual Fund overseas investment permitted within RBI specified limits, subject to authorised dealer routing and SEBI conditions. The amendments remove mutual funds from regulation 6B and insert regulation 6C permitting Investment by Mutual Funds: registered mutual funds may invest within RBI specified limits in overseas listed shares, rated bonds/fixed income securities, exchange traded funds or other RBI stipulated securities, with every purchase and sale routed through the designated branch of an authorised dealer. Regulation 26 is replaced to subject mutual funds' foreign securities purchases to these regulations and any additional terms and conditions notified by the securities regulator.
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.
Mutual Fund overseas investment permitted within RBI specified limits, subject to authorised dealer routing and SEBI conditions.
The amendments remove mutual funds from regulation 6B and insert regulation 6C permitting Investment by Mutual Funds: registered mutual funds may invest within RBI specified limits in overseas listed shares, rated bonds/fixed income securities, exchange traded funds or other RBI stipulated securities, with every purchase and sale routed through the designated branch of an authorised dealer. Regulation 26 is replaced to subject mutual funds' foreign securities purchases to these regulations and any additional terms and conditions notified by the securities regulator.
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