Market regulator Sebi today relaxed investment norms for qualified foreign investors (QFIs) allowing them to invest in mutual fund schemes with atleast 25% of their assets either in debt or equity of the infrastructure sector.
"QFIs can now invest in those debt mutual fund schemes that hold atleast 25% of their assets (either in debt or equity or both) in the infrastructure sector under the USD 3 billion investment limit of debt mutual fund schemes which invest in infrastructure," Sebi said in a circular.
Earlier, QFIs were allowed to invest in mutual fund schemes with debt exposure only. QFIs or overseas individual investors are permitted to invest in mutual fund debt schemes which invest in infrastructure debt upto a total ceiling of USD 3 billion out of the total long term corporate infrastructure limits of USD 25 billion.
It also said that prior approval of the regulator is not required if the investment is less than 90% of the specified ceiling. "QFI can invest without