News on Medial

SEBI asks mutual funds to stop accepting inflows in ETFs investing overseas

Money Control · 1y

The Securities and Exchange Board of India (SEBI) has instructed the Association of Mutual Funds of India (AMFI) to stop accepting investments into funds that invest in overseas ETFs from April 1. This decision follows the mutual fund industry having reached its $7 billion limit for investing in foreign stocks and funds in January 2022. The limit for investing in overseas ETFs is $1 billion, which is close to being reached. As a result, fund houses will be required to halt investments in these funds.