No international funds open? These 15 domestic funds still hold foreign equities — two schemes have over 26% allocation
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- Baroda BNP Paribas Aqua Fund of Fund, the last open-ended international fund, suspended fresh lump-sum, SIP, and STP registrations from 23 July after hitting overseas investment limits, but the AMC announced resumption of fresh subscriptions from 3 August, reserving the right to suspend again if it approaches its headroom limit.
- Value Research analysis of June 2026 portfolio holdings identified 15 domestic equity and hybrid mutual fund schemes with more than 10% allocation to foreign stocks, naming them as alternatives for investors locked out of dedicated international funds.
- Edelweiss Technology Fund held the highest overseas equity exposure at 26.8% of assets, concentrated in global tech names including Nvidia, Apple, Microsoft, Broadcom, and Micron Technology.
- ICICI Prudential Passive Multi-Asset FoF carried a 26.6% international allocation routed through global ETFs such as the iShares MSCI Japan ETF, iShares MSCI China ETF, and iShares Latin America 40 ETF.
- Motilal Oswal Asset Allocation Passive FoF – Conservative gained roughly 10.35% foreign exposure via the Motilal Oswal S&P 500 Index Fund held within its portfolio.
- Sector and multi-asset funds that incidentally hold foreign equities may not frame international investing as their primary objective, meaning investors get global access as a byproduct of a sector or allocation strategy rather than a dedicated mandate.
Why it matters: Indian investors cut off from new international fund subscriptions now have 15 domestic schemes with material foreign equity exposure, but two of the top three — Edelweiss Technology Fund and ICICI Prudential Passive Multi-Asset FoF — derive their foreign holdings from a sector bet or a multi-asset allocation rather than a dedicated international mandate, so investors get global names as a side effect, not a core thesis.
