Hey, looking for an Indian Mutual Fund specifically focused on Foreign Bluechip stocks like Apple, Tesla, Microsoft… on similar lines.
One with full focus on these and not a part allotted to them with other Indian listed stocks.
Hey Ritik
If you are looking for 100% investment in US Bluechip equities. the following may interest you as per my knowledge
- NASDAQ100 Fund Of Fund, a mutual fund that indirectly invests in Nasdaq Index fund. This is offered by Motilal Oswal, Invesco and may be few others
- ICICI US Bluechip Fund
- Mirae Asset Faang+ ETF, which invests equal weights into 10 stocks in US including MSFT, TSLA, AAPL, etc… List of all 10 stocks here
There may be other options that I’m not aware of. Hope this helps
Praveen
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Try PPFAS Flexi Cap. They can go up to 35% … There is an RBI circular which holds up new investments . Once this opens up should be better
Malolan R
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Point 1
Please look into the taxes on those mutual fund exposed to the foreign stocks.
According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed.
Point 2
If you are applying directly through indmoney or vested, there are compliances. Major compliances are 1. Filing ITR 3 every year till you hold foreign assets
2. For any individual having income relating to a foreign asset or having a financial interest in any foreign entity, then, in that case, such related documents must be kept for 17 years from the end of the relevant financial years. In normal case it has been reduced to 3 years.(Ref 1)
Ref 1
Disclosure : Have stopped new investment in foreign stocks either directly or indirectly through mutual funds.
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