MUMBAI: Mutual funds planning to launch schemes that invest abroad are likely to get a lot more freedom in terms of investment options and limits. The government and financial sector regulators are working together to liberalise the norms that govern mutual funds. The proposal, which is likely to be finalised soon, envisages giving fund managers a lot more overseas investment options including debt securities not below the investment grade and possibly derivatives.
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Monday, September 10, 2007
MFs may get to invest more abroad
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