companies in the MSCI ACWI Index
Global investing
India is the core. The world expands the opportunity set.
Some industries, business models and global leaders simply do not exist in the Indian listed market.
Global exposure can widen opportunity and diversify economic and currency risk—but only when the exposure, valuation and vehicle are chosen with care.
The opportunity set is larger than the market at home.
India offers an exceptional long-term opportunity. It does not offer every category of company, economic driver or source of return. A considered India-plus-global portfolio can access both.
of the global investable equity opportunity set represented by MSCI ACWI
of European ETF assets—€2.01tn—were domiciled in Ireland as at April 2026
Sources: MSCI ACWI, 30 June 2026 ↗ · Irish Funds, April 2026 ↗
A wider opportunity set needs a defined purpose.
Global investing is useful when it adds something the domestic portfolio does not already provide.
Access
Industries and business models that are scarce or unavailable in the Indian listed market—from leading-edge semiconductor equipment to global cloud platforms.
Diversification
Exposure to different economic drivers, currencies and profit pools.
Opportunity
The ability to compare quality and valuation across a wider set of businesses and markets.
A global return becomes an INR return through two moving parts.
Currency can add to or subtract from the investment result. It should be understood as a source of both diversification and risk—not treated as a guaranteed tailwind.
USD portfolio return8.0%
×Illustrative INR depreciation4.0%
=Resulting INR return12.3%
Illustration only: (1.08 × 1.04) − 1 = 12.32%. This is not a forecast or expected return. If the rupee appreciates, currency translation can reduce the INR return.
Do not let “global” become shorthand for one fashionable index.
A broad, familiar ETF can still be concentrated in mega-cap technology or priced with limited room for disappointment. Selection requires a look through the label to the holdings, valuation and source of return.
- 01
Portfolio need
What should global exposure improve?
- 02
Required exposure
Which country, sector or economic driver is missing?
- 03
Valuation
Is the desired exposure available at a sensible price?
- 04
Vehicle
Which wrapper provides it with acceptable cost and complexity?
- 05
Position size
How much is enough to matter without creating a new concentration?
The wrapper matters alongside the investment.
Access, tax, reporting, estate considerations, cost and operational simplicity need to be considered together.
VehiclePotential advantageQuestions to examine
Indian feeder fund
Simpler domestic access
Underlying fund cost, availability, tracking and taxation
US-domiciled ETF
Wide choice and deep liquidity
Tax, reporting and estate considerations
Ireland-domiciled UCITS ETF
Alternative domicile for similar exposures
Access, liquidity, cost and cross-border implications
Look through the label to the actual exposure.
We examine country, sector, company and currency concentration; the valuation embedded in the portfolio; and the practical differences between Indian, US and UCITS vehicles.
The Irish UCITS market offers a broad field of exposures, but more choice does not remove the need for judgement. Specialist ideas and unfamiliar wrappers carry a higher burden of proof.
Important boundary
This page explains Bodh Capital’s research perspective. It is not a standalone offer of personalised global securities advice. Overseas investing, taxation and succession can involve multiple jurisdictions; investors should obtain input from appropriately qualified legal and tax professionals before acting.
A wider opportunity set
Global capital needs research—not just a familiar ticker.
Begin with what is missing from the portfolio, what the exposure costs at today’s valuation and which vehicle makes sense for the complete picture.