Diversification is the key. However, developing a diversified portfolio isn’t just limited to the selection of different assets; one can also think of getting exposure to foreign markets by investing in International Mutual Funds.These funds may provide a hedge against depreciation in the Indian rupee as the connection between global and Indian markets is low
What are International Mutual Funds ?Also known as Foreign Funds or Overseas Funds, investors can invest in foreign companies by purchasing an International Mutual fund. Just like regular mutual fund schemes, fund houses dealing in international mutual funds pool money from investors sharing a common goal and invest the accumulated sum in equity and debt-related financial instruments of foreign countries.
Fund managers allow the units in quantum with the sum of money investors invest, as well as considering the fund’s existing Net Asset Value or NAV.This type of mutual fund offers an excellent opportunity for investors to establish a diversified portfolio and earn better returns.
Types Of International Mutual FundsUnder International Mutual Funds, you get to invest in the following types of category of funds:
- Global Funds: Some investors perceive global mutual funds and International Mutual funds as the same; however, they both are different. The former allows you to invest in international markets as well as your home country. On the other hand, an international mutual fund lets you invest only in foreign markets except in your own country.
- Regional Funds: As the name suggests, Regional Funds cater to the specific geographic region around the globe.
- Country Funds: This type of International Mutual Fund lets you invest in funds only in one country. If you opt for country funds, you can benefit a great deal from the country’s economy. Also, investment in such funds does not require much research.
- Global Sector Fund: These are just like Sector Funds. Globally, you get to select companies belonging to a specific sector. It helps you gain exposureto thatparticular sector.
Advantages of International Mutual Funds:Below are some of the advantages of International Mutual Funds
- Cost-effective for your mutual fund portfolio: The International Mutual Funds gives you the opportunity to invest your money in international companies. Even if your portfolio is composed of equities, the inclusion of international funds will help to bring the balance and make it more cost-effective.
- Exposure to foreign market under expert guidance: The money invested globally allows you to explore the international market. The management of the funds is done by experts. If you’re investing in this type of fund for the firsttime, it is always advisable to seek assistance or guidance from a mutual fund advisor.
- Geographic diversification The main advantage of international mutual funds is helping you increase the diversificationof your investment portfolio. It gives you the opportunity to earn better returns from the other country’s economy.
Factors to Consider Before Investing in International Mutual Funds in India
- Macroeconomic aspect: Macroeconomic factors of the country can have a huge impact on the performance of the fund. If the country is witnessing a major political overhaulor the economic growth rate is affected, ora natural event that broadly affects the nation, then you would need to re-evaluate your investment options. Keeping track of market movements is essential.
- Multiple Economy Benefit: International Mutual Funds gives you the benefit to earn better returns from multiple economies.Apart from achieving diversification, the fund helps to boost the quality of your mutual fund portfolio.
- Risk Factor: Whether you are investing in mutual funds in your home country or internationally, there are bound to be risks. One of the things you need to keep in mind is the currency risk. So, if you invest in a US-centric foreign fund and the rupee falls against the dollar, then the NAV increases.
- Taxation International Mutual Funds majorly invests in equity and equity-related financial assets belonging to international companies. These are categorised as long-term investments; hence they are subject to Long Capital Gains Tax.
ConclusionAnyone can invest in international mutual funds just like any other mutual fund scheme. However, it only makes sense when you are better knowledgeable about the economy and market movements. In terms of diversification and earning good returns, an international mutual fund is a great investment option.
The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.
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