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There are 3 main arguments for why you should concentrate your investments in the US rather than holding international funds, they are covered in greater detail here. But broadly speaking they boil down to:
Added risk - currency risks and a lower level of transparency in relation in the market tend to make international funds riskier investments. The US has ...
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In addition to the points you raised, you should also consider that most (if not all) Indian mutual funds will not accept investments from an individual living in the US, because of IRS reporting regulations
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