Do you know what are Global Mutual Funds in India and how do they work
There are two two of mutual funds which can invest globally.
- Fund of fund (FOF): This is a mutual fund which holds mutual funds or ETFs of the country it is mandated to invest in.
- Normal open ended funds, which have invest a certain percentage of the portfolio globally. For ex. PPFAS Long Term Equity fund and Axis Growth Opportunities Fund.
Here’s a list of all international mutual funds in India: