AMCs can buy international stocks again... but with a twist - Moneycontrol

Earlier this year in February, the Indian mutual fund industry had reached its cap of $7 billion which was available to invest in direct stocks overseas.

Market regulator SEBI has allowed AMCs to resume their investments abroad but with a minor alteration. Sources told Moneycontrol that AMCs can invest overseas to the extent of their international AUM… [+1736 chars]

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