News From Press How restricting fresh lumpsums in international mutual funds impacts investors

How restricting fresh lumpsums in international mutual funds impacts investors

Source: Moneycontrol Feb 4, 2022

As directed by the market watchdog SEBI and industry body AMFI, mutual funds have now stopped accepting fresh lumpsum investments in schemes dedicated to investing in overseas stocks. It seems to be a temporary move by the regulator to avoid breaching of industry-wide overseas investment limit of $7 billion. The restriction is applied to fund houses on buying listed shares or securities or units of schemes overseas (other than exchange traded funds) from February 2, 2022.

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