The Securities and Exchange Board of India and the Reserve Bank of India are discussing a proposal to raise the overseas investment limit for Indian mutual funds by as much as 25%, as the funds have nearly reached the current limit of $7 billion, three people familiar with the matter said.
Indian funds which have been buying shares in Google owner Alphabet, Starbucks, Amazon and Apple, and investing in other large global funds, are betting that Indian investors' appetite for global inve ..
