While the Nifty is down more than four per cent since November 8, primarily due to the demonetisation effect, the US benchmark S&P 500 is up above five per cent since then. US-focused funds available in India are up about 0.04-4 per cent over the past month. Over the past year, these funds have given an average return of 11.42 per cent, compared to the Nifty's 4.86 per cent, underlining the need for Indian investors to diversify a part of their portfolio into US funds for those times when Indian equities are not doing too well.
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First Published: Tue, December 20 2016. 23:06 IST