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TMI BlogEnhancement of Overseas Investment limits for Mutual FundsX X X X Extracts X X X X X X X X Extracts X X X X ..... estment limits for Mutual Funds 1. In partial modification to clause 1(b) of SEBI Circular No. SEBI/IMD/CIR No.7/104753/08 dated September 26, 2007 and clause 2 of SEBI Circular SEBI/IMD/CIR No.2/122577/08 dated April 08, 2008, it has been decided to enhance the investment limits per Mutual Fund as follows: 1.1. Mutual Funds can make overseas investments subject to a maximum of US $ 600 million ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... maximum limits specified at Para 1, as the case maybe. Such limits disclosed in scheme documents will be valid for a period of six months from the date of closure of NFO. Thereafter the unutilized limit, if any, shall not be available to the Mutual Fund for investment in Overseas securities / Overseas ETFs and shall be available towards the unutilized industry wide limits. Further investments shou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ffect. 6. This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Regulation 77 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Bithin Mahanta Gener ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd DD/MM/YYYY (in USD mn) (6) Unutilized Balance Amount (in USD mn) (7) Ongoing Schemes Particulars Name of the Mutual Fund (1) Limit utilized as at the end of previous month DD/MM/YYYY (in USD mn) (2) Average AUM for previous three calendar months (3) Additional Limit /Headroom available based on 20% of (3) (4) Limit utilized as at the month end DD/MM/YYYY (in USD mn) (5) % of (5) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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