MF body asks fund houses to freeze foreign investments

MF body asks fund houses to freeze foreign investments

According to an industry source, last week Sebi inspected the total investment positions of MFs in overseas assets and found that the limit was fully utilised. Subsequently, it asked fund houses to restrict incremental investments abroad, which led to the Amfi directive. The $7-billion limit was set in June 2021 with the individual fund house limit set at $1 billion.

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