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Indian mutual funds gain from sustained rally in US equities
US market strength supported returns for Indian mutual funds with overseas exposure, helping offset volatility in domestic equities.
Several Indian mutual funds with overseas exposure benefited as the S&P 500 delivered over 10% gains during the past six months. Schemes like ICICI Prudential US Bluechip Fund maintained near full allocation to US stocks. Sustained US equity strength cushioned portfolio volatility while Indian equity markets corrected and investor sentiment stayed cautious during the same period amid ongoing global uncertainty and shifting trends.