Baroda Paribas Reopens; 15 Indian Funds Hold Foreign Stocks
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Baroda BNP Paribas Aqua Fund of Fund, the last open-ended international fund accepting fresh money, suspended lump-sum subscriptions and new SIP/STP registrations from 23 July after hitting overseas investment limits.
- Baroda BNP Paribas Mutual Fund announced it will resume fresh subscriptions from 3 August, but warned it may suspend again whenever it nears its overseas investment ceiling.
- Value Research found 15 domestic equity and hybrid schemes holding more than 10% in foreign stocks, based on June 2026 portfolio data.
- Edelweiss Technology Fund carried the highest overseas exposure at 26.8%, concentrated in US tech names Nvidia, Apple, Microsoft, Broadcom, and Micron Technology.
- ICICI Prudential Passive Multi-Asset FoF held 26.6% in international assets through ETFs tracking Japan (iShares MSCI Japan), China (iShares MSCI China), and Latin America (iShares Latin America 40).
- Motilal Oswal Asset Allocation Passive FoF – Conservative gained roughly 10.35% foreign exposure via the Motilal Oswal S&P 500 Index Fund.
Why it matters: Indian investors wanting global equity exposure are down to one conditional entry point — Baroda BNP Paribas Aqua FoF, which reopened on 3 August but can shutter again at any time. The 15 domestic alternatives offer indirect foreign access, but Edelweiss Technology Fund and similar schemes are essentially US tech bets in Indian clothing, not diversified international portfolios, so investors chasing global diversification may inadvertently load up on Nvidia and Apple.
