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With $7 billion limit breached, only a few MF schemes offer overseas equity exposure; here's the list of schemes

The article from Moneycontrol discusses the impact of the Reserve Bank of India's (RBI) $7 billion limit on overseas investments by mutual funds, which has been fully utilized, thereby restricting further investments in foreign securities. This cap has led to a situation where only a select few mutual fund schemes can still offer exposure to overseas equities. The article lists these schemes, which include funds like the Franklin India Feeder - Franklin U.S. Opportunities Fund, DSP World Gold Fund, and others that invest in international markets. These funds are now the only avenues for investors looking to gain international equity exposure through Indian mutual funds, as new investments into foreign stocks by mutual funds are currently halted due to the RBI's restrictions.

Read the Full Moneycontrol Article at:
[ https://www.moneycontrol.com/news/business/markets/with-7-billion-limit-breached-only-a-few-mf-schemes-offer-overseas-equity-exposure-here-s-the-list-of-schemes-12971900.html ]