Global innovation funds are for savvy investors, say analysts

Invest in a diversified global fund before taking limited exposure to a thematic offering

Now that most fund houses have their diversified international offerings — both active and passive — in place, some of them are launching thematic funds. One theme that has become available recently is global innovation.
 
Axis Asset Management Company’s (AMC's) fund was launched in May. Kotak AMC’s, in July. Both are fund-of-funds (FoFs).
 
While the Axis Global Innovation FoF invests in London-based Schroder International Selection Fund Global Disruption, Kotak Global Innovation FoF invests in Luxembourg-domiciled Wellington Global Innovation Fund.
 
IIFL and Tata AMCs’ applications for the launch of such a fund are with the regulator.