Offshore funds, a win-win for industry, investors
With domestic equity markets losing sheen, mutual funds are increasingly looking outside India for investment opportunities
Last Updated at September 14, 2020 18:39 IST
In the last one-year, close to two dozen offshore funds have been launched to capture the turnaround in the international markets, and many more are lining up for approval from the regulator. Offshore fund-of-funds are feeder funds which invest in equity funds in the US, Europe and the emerging markets.
These funds are available to both retail and high networth individuals (HNI). However, fund houses feel these products are more suited for savvy HNI investors who have a better understanding of the global markets. Fund analysts said that it was the underperformance of the Indian ...
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First Published: Mon, September 14 2020. 18:35 IST