News From Press Why LRS route for investing in capital markets abroad is mainly for HNIs

Why LRS route for investing in capital markets abroad is mainly for HNIs

Source: Business Standard Jun 4, 2022

Fund houses in India can no longer invest in overseas stocks or mutual funds since they have crossed the overall $7 billion investment limit. They can still invest in overseas ETFs, for which there is a separate $1 billion limit (the exception here are fund houses whose individual sub-limits have been exhausted). However, this $1 billion limit could also get used up soon.

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