With the Reserve Bank of India having eased the norms for overseas investments, Indian fund houses are set to launch global funds (See: RBI eases forex rules, doubles overseas investment limit to $200,000), reports CNBC-TV18.

Indian investors looking to invest in overseas markets may soon be spoilt for choice. With RBI raising the cap on mutual funds'' overseas investment from $ 4 billion to $5 billion, fund houses like SBI, ABN Amro, Fidelity, Deutsche Bank and HSBC Bank plan to launch global funds soon.

They say these funds will invest across various assets abroad.

Though fund houses may not have reached their existing foreign investment limit, they say the increased cap will lead to a launch of more global funds, which will play international markets with better volumes.