PPFAS Mutual Fund is among the few India-based equity funds that actively invest in overseas stocks — nearly a quarter of the portfolio of Parag Parikh Long Term Value Fund is in international equity. Rajeev Thakkar, Chief Investment Officer and Director, explains why.
What is the rationale of a fund investing a good portion of its portfolio in foreign stocks at a time when foreign investors are flocking to India?
There is no one country/market which does well all the time. In the last 20 years, the US market has outperformed the Indian market over some years while the Indian market has done better in others.
