Uniindia: Kolkata, Mar 01 (UNI) SBI Mutual Fund today announced the launch of SBI International Access - US Equity FoF, an open-ended Fund of Fund scheme that would invest in mutual fund scheme/ETFs that invest in US markets.
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.
The minimum investment required is Rs 5,000. The expense ratio of the underlying fund as well as the feeder fund combined is capped at 2.25 per cent per annum under SEBI rules
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