Indian MFs turn to global funds for better yields, reduction of home bias

Financial planners recommend setting aside 5 to 10 per cent of one's portfolio in international funds

Brokerages are not the only ones to latch on to the global diversification theme. Axis Mutual Fund on Thursday announced its first dedicated global feeder fund Axis Global Alpha Equity Fund of Fund, an open ended scheme that will invest in Schroder International Selection Fund Global Equity Alpha (SISFGEA). This is the third scheme from the Axis MF stable after Axis Growth Opportunities Fund and Axis ESG Equity Fund that provides exposure to global equities.

SISFGEA, managed by the Schroders Global Equities team based in London, uses a bottom-up approach to pick quality growth companies that offer a sustainable competitive