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Personal finance

Bhuvan March 22, 2024, 5:53am 5

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International exchange trade funds (ETFs) will stop accepting fresh inflows. Here's what it means Personal finance

SEBI has asked AMFI to direct all asset management companies to restrict inflows into international exchange traded funds (ETFs). What does this mean? SEBI has prescribed the following limits for international mutual funds, fund of funds (FOF) and exchange traded funds (ETFs): Mutual Funds can make overseas investments subject to a maximum of US $ 1 billion per Mutual Fund, within the overall industry limit of US $ 7 billion. Mutual Funds can make investments in overseas Exchange Traded Fund…

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