Should US-Focused Mutual funds be part of your portfolio
The external value of Indian rupee (INR) is declining and is down by 6.9 per cent against US Dollar, year till date. This has been one of the factor that has led to a fall in the Indian equity market. Nevertheless, this has a silver lining and you can invest in funds that invest in US-Focused funds that will help you reap good returns.
Being invested in dollar-based assets will protect your portfolio from the rupee depreciation. There are other international funds, however, falling rupee will benefit you if you invest in funds focused on US-based companies. Beside falling rupee, there are other benefits of investing in US-based companies through mutual funds. Some of the world class companies are domiciled and listed in US stock exchanges. You can get exposure to sectors that are not present in the domestic market.
Other factors that favour investment in US-focused funds is the low correlation of returns between US equity and Indian equity. In the last 12 years, the correlation between the CNX Nifty and S&P 500 index is below 0.3.
The performance of the US-Focused mutual funds for the last one year
![](data:image/png;base64,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)
Before investing in US-Focused funds you should know that since all the US-focused funds have more than 65 per cent of their portfolio invested in foreign funds or shares, they will be treated at par with debt funds for tax purposes in India. Which means you’ll need to stay invested for at least three years to avail of long-term capital gains benefit.
Moreover, for an ideal portfolio you should keep your allocation to such funds to not more than 10 per cent of your portfolio for the long term and when these funds deliver say 40-50 per cent you can book some profits and deploy in local funds