NFOs - Global Funds- questions

We get a a lot of questions like" Should I invest in global fund NFOs"?. ( esp . wrt Birla International equity fund and Tata global infrastructure fund")
Overseas trading facility now offered by ICICIdirect , this is one another first from ICICI. The important point one should keep in mind in investing overseas is the exchange rate movements!! For eg. if you invest in a U.S company and the value of stock goes up by 10% but meanwhile dollar falls against rupee by a greater percentage- you stand to loose and vice versa.
Anyhow, good to see equity investments going really & seamlessly GLOBAL.

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