“While the current market fall opens good investment opportunity to invest in India, the better performance of overseas funds proves that they are a good investment tool as far as diversification of asset allocation and hedging is concerned,” said Surya Bhatia, a Delhi based financial planner. “Ideally an investor can have 10-15 per cent of his equity asset allocation in schemes investing overseas.”
One month is too short a period to gauge the performance of equity funds, but in times as volatile and as short term as these, they do present a compelling case for global diversification.
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