<ul><li>SEBI has allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.</li><li>The total exposure of such overseas funds to Indian securities should not exceed 25% of their net assets.</li><li>This move aims to facilitate ease of investment, bring transparency, and enable diversification of overseas investments for MFs.</li><li>The new framework is effective immediately and requires MF schemes to combine all investors' contributions into a single investment vehicle without side vehicles.</li></ul>

SEBI allows MFs to invest in overseas funds with exposure to Indian securities

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