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According to media reports, SEBI has raised the overseas investment limit of individual mutual fund house from U.S. $300 million to U.S. $600 million. The overall industry limit for the industry remained unchanged at U.S. $7 billion. The move comes after asset management companies sent a representation to SEBI to increase the limits wherever possible. Further, the capital market regulator said in a circular that mutual funds can make investments in overseas ETFs subject to a maximum of U.S. $200 million per fund house, within the overall industry limit of U.S. $1 billion.