I’ll try to list here the best investible funds for NRIs (Non-Resident Indians) who would like to participate in the India growth story. These are funds that are domiciled outside India, and for regulatory purposes, are not accessible to residents of India.
Foreigners will take forever to wake-up to the phenomenal opportunity of India, but NRIs – please note and take advantage, these are outstanding options for compounding your long-term wealth.
SageOne India Growth Fund – based out of Singapore & the US. Min $100K.
This is probably the most “meteoric” fund I know of. From Apr’09 – Feb’17 (~8 years), they achieved ~34% annualized in USD terms, a >10x multiplier, after fees. They clearly discovered more than one extremely successful company to invest with early on. Most of their quarterly newsletters and presentations are online. I’ve written more about SageOne under their domestic fund page here.
Update : As of Jan 2017, there is a way to access / subscribe to SageOne for residents of India – they are now registered with SEBI & provide a PMS option as well (a separately managed account).
There are two other funds which are also very good – ValueQuest and Malabar but both require significantly larger entry cheques, for no added advantage. I’ve listed above what I believe is the best option.