As recent events show, diversifying globally by investing in an international fund should be a normal part of everyone's investments.
For all the lamentation for the rupee that one hears lately, one assumes there's none from the small minority of investors who have put at least some of their investments in international funds. There aren't too many of them — in the nine years since the government allowed Indian mutual funds to invest abroad, no more than Rs 2,400 crore of assets are there in such funds. Over much of the past two years, the returns of most Indian mutual funds that invest in foreign equities have handily beaten Indian equity mutual funds.
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