Winning Bizness Desk

New Delhi. Now once again you can invest in foreign stocks through mutual funds. Market regulator Securities Exchange Board of India (SEBI) has given approval to mutual fund houses for this. However, the entire industry together will be able to invest only Rs 55,000 crore. In fact, in recent times there has been a huge decline in the markets all over the world. Due to this, shares are being available at cheap prices.

Earlier this year SEBI put restrictions

Earlier this year, SEBI had barred mutual fund houses from investing in foreign markets as the Rs 55,000 crore limit was exceeded. Now the price of the investment has fallen below the limit due to the fall of the market, which has got approval again.

One billion dollars in foreign ETFs

SEBI said that fund houses can invest 7,800 crore or one billion dollars in foreign ETFs. It has asked Amfi that each fund house should invest only as much as the foreign investment limit at the end of the day of February 1, 2022. After this approval of SEBI, mutual fund houses will now start accepting investments in schemes.