How to invest in non-Indian mutual funds?

H

HyperHuman

New Member
#1
#1
I'm an Indian and I wanna invest in non-Indian MFs (American, Chinese, African, etc., funds). How can I do this? Although I shall prefer investing via the online channel, if there's no online option, the regular paper-based method shall also do.

Please advise.
 
B

blueninja

Member
#2
#2
HyperHuman said:
I'm an Indian and I wanna invest in non-Indian MFs (American, Chinese, African, etc., funds). How can I do this? Although I shall prefer investing via the online channel, if there's no online option, the regular paper-based method shall also do.

Please advise.
Click to expand...
hi

is their any special reason to invest in foreign MF. i believe to invt in indian market as it is doing well as compare with others ( USA , eurpoe )

thnk s
 
M

milind

Active Member
#3
#3
HyperHuman said:
I'm an Indian and I wanna invest in non-Indian MFs (American, Chinese, African, etc., funds). How can I do this? Although I shall prefer investing via the online channel, if there's no online option, the regular paper-based method shall also do.

Please advise.
Click to expand...
You will need to talk to your broker. On ICICIDirect, I see a tab called overseas trading - but never done it myself. There are few other options - indian MFs which invest in foreign companies, and HangSeng Benchmark ETF. You could open account with foreign brokers like Interactive Brokers - they have an Indian arm.

Couple of points to note -
- It is true that Indian market has outperformed developed markets in past year. Developed markets, especially US are suffering.
- Global diversification will help in case indian economy hits a speedbump thats not affecting globally
- Most MFs in developed markets usually don't outperform indices. Investing in index ETFs is cheaper.

-- Milind
 
X

xxdiesel

Member
#4
#4
There are good foreign funds available like Mirae China and Principal Global.

However, are you diversified across asset classes within India viz. Equity, debt, Gold, Real Estate etc?
 
S

sanjay_arora

Active Member
#5
#5
One reason I can think of, to invest in a foreign Mutual Fund, and that is to invest in mutual funds that trade in Commodities (not commodity companies but commodities directly).

Mutual Funds in India are not allowed to invest/trade in Commodities.
 
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