Exemption of Mutual Funds for Foreign Investors Status-Finance Ministry

January 20, 2020

• Foreign-Owned Mutual Funds Subjected to Sectoral Caps under the Foreign Exchange Management Act (FEMA).
• Mutual Funds that Invest more than 50 per cent in Equity shall be omitted from the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 - FinMin. Read more