NFO review: Invesco EQQQ NASDAQ-100 ETF FoF

International investing is the new smash hit in the mutual fund ecosystem. A category that had 35 schemes till 2019 is now flourishing with 66 funds, a rise of a whopping 83 per cent in just about two years! Well, a lot of this can be attributed to the blockbuster post-COVID returns in global markets, particularly the US, which has enthused Indian investors the most. Then, of course, there are rupee depreciation and geographical diversification benefits as well. Joining this hot space now, Invesco Mutual Fund has rolled out a new fund offer (NFO) recently, the Invesco EQQQ NASDAQ-100 ETF FoF. The subscription period for the fund will close on April 13, 2022. This NFO comes at a time when the mutual fund industry is on the brink of exhausting permissible foreign exposure as per SEBI rules and has therefore put gates on fresh investments in many of the international mutual funds. However, there is no impact on the schemes that invest in foreign ETFs (as also in the case of this NFO launched by Invesco) because they have a separate limit, and there is enough runway there for now. You can read more about it here. About the strategy The n