Global fund returns near all-time highs

Mostly US-focused funds have outperformed

The falling rupee acts as a tail-wind for global schemes in which Indians invest through feeder funds.

Indian investors have found the value of their investments climbing as the dollar strengthened against the rupee.

The ICICI Prudential US Bluechip Equity Fund has one year returns of 46.91%. The FT India Feeder Franklin US Opportunities fund is up 44.76%.

The DSPBR US Flexible Equity and the JP Morgan Greater China Equity Off-shore funds are also up over 40%.

Feeder funds gather money from Indian investors which is then allocated to a global fund- for example one which invests in the American stock market.