I would like to invest in Indian funds that invest outside India. Could you please suggest a few good ones?
- Arun Ramachandran
Currently there are many funds available in India that invest their assets in overseas markets. While some invest their corpus in other mutual funds functioning abroad and are known as feeder funds, others invest directly in foreign securities although they have different exposures to foreign markets depending on their objectives.
Most of the funds that invest abroad are new and do not have a performance history that can be commented upon. The selection of your funds would also rest on which part of the world you would like to invest in. Some funds like ICICI Prudential Indo Asia Equity, Franklin Asian Equity invest primarily in the Asia Pacific region. ING has a fund that is Latin America based. Then there are feeder funds like DWS Global Thematic Offshore Fund invests its corpus predominantly in Singapore based DWS Strategic Global Themes Fund.
This article was originally published on March 06, 2009.
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