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Silver lining for investors in international MFs as rupee plunges

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Topics
Indian rupee | US Dollar | Mutual fund schemes

Abhishek Kumar  |  Mumbai 



funds
According to data from the Association of Mutual Funds in India (AMFI), new fund offerings (NFOs) in the international fund of funds (FoF) category collected over Rs 5,000 crore in the financial year (FY) 2022.

The one-year performance of international funds is deep in the red but the cut would be deeper if not for the greenback’s red-hot streak.

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First Published: Wed, September 28 2022. 17:37 IST

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