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India's capital markets regulator, SEBI, has directed the Association of Mutual Funds in India (AMFI) to halt new inflows into mutual funds' overseas schemes starting April 1. This move comes as investments in overseas exchange-traded funds (ETFs) are approaching a $1-billion cumulative sectoral limit, prompting the regulator to ask fund managers to stop investing in these ETFs to prevent breaching the cap.
India’s markets regulator has asked local money managers to stop accepting new subscriptions for products that invest in overseas ETFs as the value of such investments nears an industry-wide limit https://t.co/9nmcXoOgPV
India’s markets regulator has asked local money managers to stop accepting new subscriptions for products that invest in overseas ETFs as the value of such investments nears an industry-wide limit https://t.co/iB48DdsVbP
India's capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas exchange traded funds (ETFs) as a $1-billion cumulative sectoral limit for such investments is close to being breached. https://t.co/pu89eGPg2J
