Your Questions Answered: How can I invest in the US market via Indian mutual funds?

Q. I am a software engineer working with an MNC in Pune, my wife is also a software engineer working with an Indian IT company. Recently, I learned from a cousin working in the U.S.A., that the U.S. stock market regularly outperforms the Indian stock market. I wish to invest in the US stock market. Can you please elaborate on Indian mutual funds investing in the US exclusively, their pros, cons, and tax treatment? Additionally, please elaborate on how I can invest in them, will I require a US bank account for the same? 

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