With -12% returns in one year, gold funds are at the bottom of the return chart. The category has offered -4.85% returns since the beginning of this year.
Want a slice of all markets the world over? Try out ICICI Pru’s Global FoF
Synopsis
The five funds that the scheme holds in its portfolio are: ICICI Prudential US Equity Fund (26.6% allocation), Nippon India ETF Hang Seng BeES (25.4%), Franklin Asia Equity Fund (21.5%), Nippon Japan Fund (20.9%) and Aditya Birla Sun Life Commodities Equity Fund – Global Agri Plan (0.7%).
Investors looking for global allocations based on economic trends and flows could consider the ICICI Prudential Global Allocation Fund of Fund. This fund has a 51% allocation to emerging markets (EMs) and 49% to developed markets (DMs) through investments in schemes that invest in such economies.
The assets under management (AUM) of funds linked to the systematic investment plans (SIP) reached a record of Rs 4.7 lakh crore at the end of May 2021
With valuations high and the market ignoring the likely fallout of the covid second wave, investors would do well just to hang on to existing investments, says Satish Ramanathan, MD & CIO, Equity, JM Financial AMC, tells ET Wealth in this interview.