An outdated RBI cap on mutual fund investments abroad is unduly depriving small investors of a safe and easy route to participate in global equities. Even the new avenues emerging through domestic fund houses’ GIFT City arms fall short, with minimum ticket sizes set at double the HNI threshold.
For years, small Indian investors aspired to own a piece of Apple or Google or Nvidia. Thanks to Reserve Bank of India’s (RBI) cap on mutual funds (MFs) it was elusive. Today, some can have a piece of the…
