https://www.taxtmi.com/highlights?id=82973 This circular permits Indian mutual funds to invest in overseas mutual funds/unit trusts (MF/UTs) with exposure to Indian securities, subject to certain conditions. The key points are: Indian MF schemes can invest in overseas MF/UTs with up to 25% exposure to Indian securities. The overseas MF/UTs must have pooled investments, pari-passu rights for investors, independent fund management, public portfolio disclosure, and no advisory agreements with Indian MFs. If an overseas MF/UT exceeds 25% India exposure, Indian MFs have 6 months to monitor portfolio rebalancing, cannot make fresh investments during this period, and must liquidate holdings over the next 6 months if not rebalanced. Non-compliance attracts restrictions on fresh subscription..... en-us Sat, 09 Nov 2024 19:01:45 +0530 Sat, 09 Nov 2024 19:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=82973 This circular permits Indian mutual funds to invest in overseas mutual funds/unit trusts (MF/UTs) with exposure to Indian securities, subject to certain conditions. The key points are: Indian MF schemes can invest in overseas MF/UTs with up to 25% exposure to Indian securities. The overseas MF/UTs must have pooled investments, pari-passu rights for investors, independent fund management, public portfolio disclosure, and no advisory agreements with Indian MFs. If an overseas MF/UT exceeds 25% India exposure, Indian MFs have 6 months to monitor portfolio rebalancing, cannot make fresh investments during this period, and must liquidate holdings over the next 6 months if not rebalanced. Non-compliance attracts restrictions on fresh subscription..... Highlights SEBI Sat, 09 Nov 2024 19:01:45 +0530 https://www.taxtmi.com/highlights?id=82973