Guidelines for Investments in Foreign Securities by Mutual Funds

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....s by Mutual Funds Please refer to SEBI circulars MFD/CIR/17/419/02 dated March 30, 2002 and MFD/CIR/18/21826/2002 dated November 7, 2002 pertaining to investment by mutual funds in foreign securities. Government has now decided to allow mutual funds to invest in equity of listed overseas companies. Subsequently, RBI has also written to SEBI in this regard. In the light of the above, the mutual ....

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....m applicability of SEBI (Mutual Funds) Regulations, 1996 and guidelines issued from time to time, the specific guidelines as prescribed in SEBI circular MFD/CIR/17/419/02 dated March 30, 2002 pertaining to 1. Due Diligence 2. Disclosure Requirements 3.Investment by Existing schemes 4. Reporting to Trustees 5. Review of performance, and 6. Reporting to SEBI, shall also be applicable for investment ....