Should you SIP into NFO of SBI International Access US Equity FoF?
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Investors looking at geographically diversified equity mutual fund portfolios could use the new fund offer (NFO) of SBI International Access US Equity FoF.
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Investors looking at geographically diversified equity mutual fund portfolios could use the new fund offer (NFO) of SBI International Access US Equity FoF. However, given the rich valuations of the US markets and the sharp run-up, wealth managers believe investors should avoid lump-sum investments into such funds.
Instead, they could stagger their exposure through the SIP route and restrict total allocation to international equities to 10-15% of their portfolio.
SBI Mutual Fund launched SBI International Access - US Equity FoF
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Last Updated: Mar 02, 2021, 11:45 AM IST
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Synopsis
SBI Mutual Fund has 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 further invests in the US markets.
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SBI Mutual Fund has 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 further invests in the US markets. The underlying scheme of investment would be Amundi Funds - US Pioneer Fund, with an investment process that fully integrates ESG (Environment, Social Governance) ethos. The fund will be managed by Mohit Jain. The NFO will be open for subscription till March 15.
SBI MF’s international fund to tap top S&P 500 firms
Updated Mar 2, 2021, 7:42 am IST
The underlying scheme of investment would be Amundi Funds-US Pioneer Fund
The top 5 sectors in which the scheme is invested in are IT, consumer discretionary, health care, financials, and industrials. Representational image
MUMBAI: SBI Mutual Fund on Monday announced the launch of SBI International Access-US Equity FoF, an open-ended Fund of Fund scheme that would invest in mutual fund schemes /ETFs that invest in US markets. The new fund offer that opened on March 1 will close on March 15.
The underlying scheme of investment would be Amundi Funds-US Pioneer Fund. Amundi Funds–US Pioneer Fund, (domiciled in Luxembourg) benchmarks with the S&P 500 Index and has assets under management of $2.5 billion as of January 31, 2021.
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.
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