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Options
- A
No impact on the fund as its investing in stocks and not currency
-
The NAV of the scheme in Indian Rupees will appreciate
Correct answer
- C
The NAV of the scheme in Indian Rupees will depreciate
Why this is the answer
When an international fund invests in foreign stocks, the returns are affected by both the performance of the stocks and the exchange rate. If the US Dollar appreciates against the Indian Rupee, the value of the investment in INR increases, causing the NAV to appreciate.
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