IDFC Mutual Fund has announced plans to launch a fund of funds (FoF) investing in US stocks. The fund will feed into the JP Morgan US Growth Fund. The expense ratio of the fund is capped at 2.25%, a spokesperson for IDFC Mutual Fund told Mint. The JP Morgan US Growth Fund has a portfolio of 81 stocks and is benchmarked to the Russell 1000 Growth Index as of 31 May. “US equities are a powerful complementary addition to any serious Indian investor’s portfolio, facilitating effective diversification with its low correlation to Indian equities.

Source: Mint July 25, 2021 20:03 UTC