Overseas investment limit of MFs must be hiked now

USD 4 Billion were reportedly invested by retail investors in International equity through Indian mutual fund schemes using up the 7 billion dollar limit set way back in 2008 with unexpected speed. is this increasing popularity of international equity investing making the regulator wary of adding one more drain on the precious forex kitty (like gold which is the second largest item of import in India’s trade basket). Whatever be the reason any delay in increasing these limits causes unnecessary doubts about policy continuity in India. Hopefully increased limits will be released soon