Guidelines for Investments in Foreign Securities by Mutual Funds

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....Sirs,             Guidelines for Investments in Foreign Securities 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 equ....

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....ctive of the size of the assets as specified in SEBI circular MFD/CIR/18/21826/2002 dated November 7, 2002 remains unchanged. Apart from 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....