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    <title>Investment in foreign securities by Mutual Funds</title>
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    <description>Each mutual fund may invest in foreign securities up to 10% of their net assets measured as on January 31 of each relevant year, with the January 31 reference date applied annually (example: the reference date up to January 30, 2005 shall be January 31, 2004). All other conditions from prior circulars remain unchanged, and the clarification is issued under the mutual fund regulatory provisions to standardise the annual reference date for permissible foreign exposure.</description>
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    <pubDate>Fri, 19 Mar 2004 00:00:00 +0530</pubDate>
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      <description>Each mutual fund may invest in foreign securities up to 10% of their net assets measured as on January 31 of each relevant year, with the January 31 reference date applied annually (example: the reference date up to January 30, 2005 shall be January 31, 2004). All other conditions from prior circulars remain unchanged, and the clarification is issued under the mutual fund regulatory provisions to standardise the annual reference date for permissible foreign exposure.</description>
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      <pubDate>Fri, 19 Mar 2004 00:00:00 +0530</pubDate>
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