Among these seven categories, three categories were sectoral funds. These three categories topped the return chart and offered more than 50% returns in FY24.
If an investor is looking to invest overseas, most global funds, apart from ETFs, are accepting fresh investments at this point. However, this can change at any time depending on the headroom available to the fund houses.
The overseas indices like Hang Seng lost around 20% in the three year horizon. The other overseas indices such as NASDAQ, DAX, and Dow Jones, NYSE, and FTSE 100 were up in the last three years, ranging from 3.58% to 6.71%.
While many Asian countries are expected to see moderate to strong growth, China can be a notable exception as weak consumption, lower industrial production and distress in property markets weigh on a rebound in 2024