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Mutual funds call for easing RBI's limit on overseas investments amid growing opportunities

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Mutual funds call for easing RBI's limit on overseas investments amid growing opportunities

The Securities and Exchange Board of India (SEBI) has instructed mutual funds to cease accepting subscriptions for investments in overseas ETFs from April 1, 2024, to avoid exceeding the $1 billion investment limit. This decision has sparked discussions about raising the investment limits for mutual funds in overseas markets, particularly as the existing limit of $7 billion has been exhausted for over two years. While the mutual fund industry has been requesting an increase, the Reserve Bank of India (RBI) has not revised the limit since 2007-08. Some argue that raising the limits would provide Indian investors with more diversification opportunities and professional money management, but others point out potential risks in terms of market volatility.

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