Five desi funds with maximum global flavour

If you thought only international mutual funds could invest in foreign stocks, think again. Even other 'India-based' equity mutual funds can do so, but they don't exceed the 35 per cent-limit to ensure they enjoy better tax benefits than international funds. Hence, we have compiled a list of the top-five desi funds (out of a total 21) with the highest average international allocation over the last five years. DSP Value Fund This desi fund undertakes a unique approach when it comes to international investing. Unlike peers, it only makes investments in foreign mutual funds and shares of Warren Buffett-led Berkshire Hathaway. Parag Parikh Flexi Cap Fund This is the most unique fund on the list, owing to the longevity of its investment in foreign securities. Since its launch in 2013, it has maintained an average allocation of 25 per cent towards foreign securities. Axis Growth Opportunities Fund While this fund is required to invest 35 per cent each in large-caps and mid-caps, it has the freedom to invest the remaining 30 per cent elsewhere. And it chooses to do so in foreign securities. SBI Focused Equity Fund The flexi-cap fund sticks to investing in technology giants listed on the NASDAQ. I