Wednesday, June 10, 2009

SEBI clarifies that Mutual Funds can invest in Indian Depository Receipts

SEBI vide its circular SEBI / IMD / CIR No. 1/ 165935 / 2009 dated June 9, 2009 has clarified that mutual funds can invest in Indian Depository Receipts. 

Copy of the Circular is available here. 

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