Question : Up to how much has SEBI increased the foreign investment limit for mutual fund houses ?
a. Up to 1 billion dollar
b. Up to 2 billion dollar
c. Up to 3 billion dollar
d. Up to 4 billion dollar
Ans. a.
- Recently(June 2021) the SEBI has increased the foreign investment limit for mutual fund houses upto 1 billion dollar.
- This limit was earlier at 600 million dollars.
- The overall mutual fund industry limit is capped at USD 7 billion, the Securities and Exchange Board of India (Sebi) said in a circular.
- The increase in the limit would allow mutual funds to allocate a higher share of their corpus for foreign securities.