Edelweiss Technology Fund and ICICI Prudential Passive Multi-Asset FoF each hold over 26% in overseas equities after international fund subscriptions were suspended. Baroda BNP Paribas Aqua FoF resumes Aug 3.
Indian investors seeking overseas exposure lost their last open-ended international fund option on July 23 when Baroda BNP Paribas Aqua Fund of Fund suspended fresh subscriptions. The suspension followed earlier restrictions on other international funds, all of which hit regulatory limits on foreign investments.
Domestic mutual funds with significant foreign equity allocations remain open. A Value Research analysis of June 2026 portfolio holdings shows 15 equity and hybrid funds had more than 10% of assets in foreign stocks. Two funds stood out.
Edelweiss Technology Fund had 26.8% of its assets in overseas equities, with holdings in Nvidia, Apple, Microsoft, Broadcom, and Micron Technology. Microsoft (MSFT) and Nvidia (NVDA) are among the top holdings, according to the portfolio data. ICICI Prudential Passive Multi-Asset FoF held 26.6% in foreign stocks through global ETFs covering Japan and China, as well as the iShares Latin America 40 ETF.
Baroda BNP Paribas Mutual Fund said on July 31 it would resume fresh subscriptions, including lump sums and new SIPs, from August 3. The fund house cautioned it may suspend subscriptions again if the scheme approaches its overseas investment limit.
These 15 schemes are not pure international funds. Technology funds invest in a sector; multi-asset funds use foreign equities as one part of a broader allocation. Investors should understand the fund's objective before buying.
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