Financial Daily from THE HINDU group of publications
Saturday, Mar 20, 2004
Financial Daily from THE HINDU group of publications Saturday, Mar 20, 2004 |
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Regulatory Bodies & Rulings Markets - Mutual Funds MFs allowed to invest in foreign securities Our Bureau
Mumbai , March 19 MUTUAL funds can now invest abroad, according to the Securities and Exchanges Board of India (SEBI) notification. SEBI has decided to permit each mutual fund to invest in foreign securities up to 10 per cent of their net assets as on January 31 of each relevant year (instead of the present reference date of January 31, 2003), stated the circular.
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