It added that the foreign assets of MF companies increased due to a rise in equity security and other foreign assets during the year and stood at USD 2.9 billion at the end of March 2021, up from USD 778 million at the end of the previous fiscal. In rupee terms, it soared from Rs 5,864 crore to Rs 20,982 crore.
The survey, the RBI said, covered 44 Indian MF companies and their asset management companies (AMCs), which held or acquired foreign assets and liabilities during 2020-21.
Overseas equity investments of mutual fund companies were largely concentrated in USA and Luxembourg.
The survey further said foreign liabilities of AMCs stood at USD 5.7 billion in March 2021 whereas their foreign assets were much lower at USD 0.1 billion.
The relatively small overseas investments by AMCs were largely held in Guernsey, Singapore and Mauritius.