Sebi has increased the overseas investment limit of alternative investment funds (AIF) and venture capital funds (VCF) from the current USD 500 million, to USD 750 million.

Sebi to have a check on the utilization of overseas investment limits, have asked AIFs and VCFs to mandatorily disclose the utilization of the such limits within 5 working days of such usage on the regulator’s intermediary portal. It stated, “In case an AIF or VCF has not utilized a part of the overseas limit within the validity period, the same shall be reported within 2 working days after expiry of the validity period.”

Moreover, if an AIF or VCF plans to surrender the overseas limit at any point of time within the validity period, the same will have to be reported within two working days from the date of decision to surrender the limit.

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