SBI Mutual Fund has launched a new scheme investing in US stocks, its first ever international feeder fund. Some of its domestic schemes such as SBI Focused Equity already invest a part of their portfolio in international stocks. The underlying fund has most of today's fast growing tech companies and follows a strict Environmental Social Governance (ESG) philosophy," said DP Singh, Chief Business Officer, SBI Mutual Fund. The expense ratio of the underlying fund as well as the feeder fund combined is capped at 2.25% per annum under SEBI rules. Shah also warned that some of the strong performance of international funds in the recent past may not be repeated.

Source: Mint February 26, 2021 13:33 UTC