Why India Must Reconsider the $7 Billion Mutual Fund Cap
The Liberalised Remittance Scheme (LRS), which allows high-net-worth individuals (HNIs) to invest up to $250,000 annually in foreign equity markets, effectively denies this opportunity to smaller retail investors because India’s mutual fund industry places a prohibitive cap of US$7 billion on overseas investments. Impact of the $7 Billion Cap on Retail Investors This cap, which … Read more