The financial markets throughout the world have been rattled by the Ukraine-Russia situation. With most international mutual funds no longer taking new money because the RBI's overseas limitations were about to be violated, investors wishing to boost their worldwide market exposure face a grim situation during the current correction. There are, however, a few funds that allow investors to diversify their portfolios throughout the world.
Mutual funds can continue invest in international exchange traded funds (ETFs) with no restrictions on their investments from outside the country. Kotak NASDAQ 100 Fund of Funds is an exchange-traded fund that invests in the iShares NASDAQ 100 UCITS ETF. The NASDAQ 100 is a list of the 100 largest publicly traded US companies.
Investments in index funds and ETFs that follow innovative companies from throughout the world were the goal of the DSP Global Innovation Fund of Fund.Following SEBI's guidelines on overseas limitations, the fund will initially invest in NASDAQ 100 UCITS ETF and Semiconductor ETF, however this may change in the future. The iShares Semiconductor ETF follows an index of semiconductor companies with US stock exchange listings.
US Total Stock Market Fund of Fund, managed by Sachin Bansal's Navi Mutual Fund, will invest in an ETF managed by Vanguard, the world's pioneer of passive investing. As the name suggests, this ETF tracks the Vanguard Total Stock Market Index Fund (VTI ETF), which is a wide US index that includes almost all of the equity market, across numerous sectors and more than 4,000 firms, as well as the CRSP US Total Market Index. The third-largest ETF in the world, the VTI ETF, with assets of $1.3 trillion.
Aditya Birla Sun Life NASDAQ 100 Fund of Funds also invests in iShares NASDAQ 100 UCITS ETF.
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