SEBI proposes allowing Indian mutual funds to invest in overseas funds with up to 20% Indian securities.

SEBI plans to allow mutual fund schemes to invest in overseas funds that allocate a portion of their assets to Indian securities. This proposal aims to diversify the portfolio of Indian mutual funds and accommodate foreign funds that invest in India due to its strong economic growth. SEBI has set a 20% upper limit on overseas funds' total exposure to Indian securities.

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