The US stock markets are on a roll. While the Indian markers are in a correction phase after an unprecedented bull run, major American indices such as the Dow Jones, Nasdaq composite and S&P 500 have risen significantly in the past 5 days. While S&P 500 has risen by nearly 5% during this period, Dow Jones Industrial Average and Nasdaq composite jumped by nearly 6%.
One can easily wonder how one can invest in US stocks. There are reports that American tech giants such as Tesla, Nvidia and Apple are rising spectacularly. While one can invest in US stocks both directly through international brokerages operating from India and some Indian brokerages, a direct exposure obviously involves a lot of risk. In such a situation, one can invest via mutual funds, where professionally competent and experienced fund managers can fetch you gains while reducing the element of risk. Let’s see what are the mutual funds in India that offer this facility.
Funds that invest in US stocks and their NAVs
Motilal Oswal Nasdaq 100 FOF: Rs 36.5144 (Nov 11)
Axis NASDAQ 100 FoF: Rs 18.8486 (Nov 11)
Bandhan US Equity FoF: Rs 15.235 (Nov 11)
Edelweiss US Technology Equity FoF: Rs 26.9478 (Nov 11)
Franklin India Feeder Franklin US Opportunities Fund: Rs 74.0882 (Nov 11)
Invesco India – Invesco EQQQ NASDAQ-100 ETF FoF: Rs 16.6539 (Nov 11)
Kotak Nasdaq 100 FOF: Rs 17.8196 (Nov 11)
Mirae Asset NYSE FANG+ ETF FoF: Rs 23.885 (Nov 11)
Mirae Asset S&P 500 Top 50 ETF FoF: Rs 19.717 (Nov 11)
DSP US Flexible Equity Fund of Fund: Rs 57.1538 (Nov 8)
Aditya Birla Sun Life NASDAQ 100 FOF: Rs 13.6196 (Oct 1)
Edelweiss US Value Equity Offshore Fund: Rs 31.1855 (Oct 1)
Staggered investment in mutual funds possible
Some experts believe that investing in some mutual funds adopting a staggered approach might be a good idea. However, one should consult a professionally qualified investment strategist before taking such a step. One must also remember that all the mutual funds that invest in stocks abroad are not accepting fresh deposits since they have already reached the threshold limit of 25% permitted by SEBI. They have to wait for 6 months from the date when that limit was breached before accepting fresh investments again.
Ever since Republican candidate Donald Trump won the race to the White House, the US stock markets have been on a roll with major indices such as Dow Jones, Nasdaq and S&P 500 recording significant gains. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
