The Securities and Exchange Board of India (SEBI) in consultation with the Government of India (GoI) and the Reserve Bank of India (RBI), it has now been decided to allow Qualified Foreign Investors (QFIs) to invest in Indian corporate debt securities and debt schemes of Indian mutual funds. This will allow overseas individual investors to invest up to $1 billion in debt schemes and corporate bonds of mutual funds without any lock-in period. This will be additional to the $20 b for FII investment in corporate debt
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