By Ashley Coutinho International funds, which had been riding high on past performance, have come crashing back to the earth. As a category, these funds have returned (-)12.7% for a one-year period. This compares with 4-9.5% returns for funds investing in Indian equities, implying the former has underperformed the latter by 17-22%, data from Value Research show. Investors flocked to such funds in droves in the last-year-and-a-half amid a flurry of launches and attractive 3- and 5-year returns. As many as 29 such schemes have been launched since 2021, with a dozen focused on the US equities. Also Read| F&O …
