Funds with a global slice

Summary: The last international fund open to fresh SIPs just closed. Then reopened briefly. The door to global investing hasn't shut, but the routes that remain each carry a cost most investors haven't fully priced in.

Summary: The last international fund open to fresh SIPs just closed. Then reopened briefly. The door to global investing hasn't shut, but the routes that remain each carry a cost most investors haven't fully priced in. Open the bonnet of Parag Parikh Flexi Cap, one of India’s most popular funds, and you will find Alphabet, Meta, Amazon and Microsoft inside it, about a tenth of the fund in US shares. Edelweiss Technology holds Nvidia and Apple. None of these is an international fund. They are ordinary Indian funds that invest a slice abroad, and that slice just became more useful because the usual way to buy foreign equity has largely closed. On July 23, Baroda BNP Paribas Aqua stopped taking new SIP registrations. It was the last international fund still open; the rest had already closed. India caps how much its funds can invest overseas, and one house after another has hit its limit. Some of the existing SIPs still carry on, but starting a new one had become impossible, until now. From August 3, Baroda Aqua reopens to fresh