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This came in the wake of a major correction in global markets that brought down the valuation of international stocks., , bfsi, sebi, stocks, mutual funds ....
In January, Sebi had asked mutual fund houses to stop taking fresh subscriptions in schemes investing in overseas stocks. The directive to stop subscription was mainly on account of the mutual fund industry crossing the mandated limit of USD 7 billion for overseas investments, , sebi, mutual funds, International Stocks ....