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Updated Mar 01, 2021 | 12:49 IST
SBI MF, India s biggest AMC by assets, has launched its first international fund, ‘SBI International Access – US Equity FoF’. The NFO is now open and closes on March 15. Representational image
New Delhi: Asset Management Companies (AMCs) are lining up a series of new fund offers (NFO) for international funds as investors appetite for investing in tech companies such as Apple, Tesla, Google has surged following blockbuster returns from these stocks over the last few years. According to data from Value Research, average return from international funds over the last year was 33.59% as compared to 30.6% return from Nifty.
Synopsis
Threefold rise in folios in international funds over one year, on the back of higher returns, is driving AMCs to launch new fund offers in the space
Agencies
Financial planners have been urging investors to make a 10-15 per cent allocation to international equities for geographical diversification as well as a hedge against the dollar.
MUMBAI: For decades, that annual summer trip to Oxford Street or Orchard Road defined global shopping for the resident Indian. This year, objects in the cart have a very different look and feel. Stocks and securities are what people seem to be buying these days instead of that exclusive evening wear or gold-plated cuff links.
Synopsis
Threefold rise in folios in international funds over one year, on the back of higher returns, is driving AMCs to launch new fund offers in the space
Agencies
Financial planners have been urging investors to make a 10-15 per cent allocation to international equities for geographical diversification as well as a hedge against the dollar.
MUMBAI: For decades, that annual summer trip to Oxford Street or Orchard Road defined global shopping for the resident Indian. This year, objects in the cart have a very different look and feel. Stocks and securities are what people seem to be buying these days instead of that exclusive evening wear or gold-plated cuff links.