Final nail in the coffin for ppl who investors wanting to have overseas equity exposure. I understand govt wants funds to remain within India…but at times when our markets are fairly priced or even slightly expensive as compared to other countries. diversification becomes a challenge for someone who wants to buy only equity.
I mean its ok we are the fastest growing economy and others seem to be sluggish growth wise but we might miss out on futuristic stock opportunities at present and future ( i hope not !! ) in outliers like NVIDIA
SEBI is tightening the screws on all fronts - i just hope they don’t keep this too long
frankly SEBI cannot to do anything in this. Limits are set by RBI. Unless RBI relaxes the limit, nothing can be done.
At the most, SEBI can just plead the case to RBI for getting relaxation.