Why aren't International Equity Funds rated by Value Research? Returns of Birla Sun Life International Equity Plan A are impressive, but it is not a 5-star fund?
-Hari
The category of International funds is not a homogeneous one. Most International funds are theme oriented with a focus on different markets like emerging markets, agribusiness, commodities, real estate etc. The return from these funds is not comparable and hence we cannot rate them.
To get rated a category has to have at least 10 funds, each with minimum average assets of Rs 5 crore over last six months. Although, the category of International funds fulfils this criterion, Value Research rating ranks funds against each other, which is not possible because returns from different sectors cannot be compared.
This article was originally published on October 18, 2013.
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