 "mutual fund")
Investor interest in overseas mutual fund (MF) schemes is reviving, driven by their widening near-term outperformance over domestic funds. In August, these schemes garnered net inflows of Rs 500 crore, the highest since October 2021. The net new account additions at 25,500 are also the highest in 19 months.
The strong inflows come despite most schemes being closed for subscription owing to the unavailability of regulatory headroom for overseas investments.
Most international schemes offered by fund houses in India invest in US and Chinese equities, both of which have rallied significantly over the past year. This rally, coupled with the
