Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1110)

2020-11-08 Banking

1110.

Which bank increased Overseas Investment limits for Mutual Funds?

RBI

SIDBI

SEBI

SBI

Answer: Option

Explanation:

Securities and Exchange Board of India (SEBI) has enhanced the investment limits for Mutual Fund companies for overseas investments. Mutual Funds can make overseas investments subject to a maximum of US $ 600 million per Mutual Fund, within the overall industry limit of US $ 7 billion. Earlier it was USD 300 million.