Flexi-cap, focused, value, ESG, hybrid mutual funds invest partially in foreign stocks. Is it right way to diversify?

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Flexi-cap, focused, value, ESG and hybrid funds are today betting on the same thing. All are domestic funds that invest partially in foreign stocks. This tribe of funds taking exposure to global stocks continues to grow. Is investing via these funds the right way to seek international diversification? Are these funds better off than others that don’t diversify abroad? Till recently, hardly any local funds stepped beyond the domestic market.

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