GIFT City & Global Investing · advanced

International Investing — Currency, Concentration & Cross-Border Tax

How exchange rates change rupee returns, what home bias, correlation and concentration mean, and cross-border tax on directly held foreign shares: foreign dividends, foreign tax credit and US estate tax.

3 lessonsFact-checked 7 October 2026
  1. 01Currency Risk — How Exchange Rates Change Rupee ReturnsCurrency risk is the chance that exchange-rate moves change the rupee value of an overseas investment. This lesson shows how the market return and the currency move combine, why they multiply, and what the past record of the rupee does and does not tell.
  2. 02Home Bias, Correlation and Concentration — The ConceptsThree concepts help in reading a portfolio that spans countries: home bias, correlation and concentration. This lesson explains each in plain terms, shows how they are measured or recognised, and is clear about what none of them can tell an investor.
  3. 03Cross-Border Tax — Foreign Dividends, Tax Credit and US Estate TaxHolding foreign shares directly brings two tax questions that a domestic investor does not face: how foreign dividends are taxed in India when tax has also been deducted abroad, and whether the holding is exposed to US estate tax. This lesson covers both.

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