A regulatory ceiling on overseas investment have cost mutual fund investors dearly, especially in the last one year. Fund houses were directed to stop taking fresh subscriptions in schemes that invest in overseas securities from February 1, 2022, as the $7 billion limit set by RBI for such investment was close to being breached. Last year, MFs were told to suspend flows into overseas ETFs as the $1 billion cap for such funds was nearly exhausted.
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