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Experts say mutual funds are a strong option for investors looking to invest in global companies in the technology and AI sectors.
According to Rushabh Desai, founder of Rupee With Rushabh Investment Services, technology and the convenience it provides, especially in the field of artificial intelligence, is “mind-boggling”.
Desai told Niraj Shah at the Mutual Fund Show that as we move forward, our dependence on technology will increase day by day.
“I think global exposure, especially in the technology and AI space, is absolutely important,” he said.
“For people who are interested in this subject, the Indian mutual fund route is a good way to go. And we have a range of international funds, a range of exchange-traded funds, and a range of exchange-traded funds that investors can really get exposure to. There are funds of funds that can do that,” said Mrin Agarwal, financial educator and founder of FinSafe India.
Desai said that if someone wants to gain exposure to global companies, mutual funds are “the most convenient and easiest route to invest in all tiers, be it HNIs, ultra-HNIs or the retail sector.” Stated. He said AI-themed funds have high returns and a global presence.
Among his passive funds, his top choices are the Motilal Oswal Nasdaq 100 and the Mirae Asset NYSE FANG+ Index Fund. “These are the best two mutual funds that I can think of to carry the whole technology theme and the AI theme,” Desai said.
Aggarwal agreed, pointing to the Mirae Asset S&P 500 Top 50 ETF, which also has high exposure to this space.
“Another reason to consider mutual funds is for tax compliance related to foreign stocks. Tax rates are quite high in India,” she said.
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