Samco Wealth suggests two US-listed ETFs for Indian portfolios amid global market shifts

Samco Wealth has recommended two US-listed exchange-traded funds as long-term portfolio hedges for Indian investors in its Samvat 2083 investment strategy. The recommended funds are the Energy Select Sector SPDR Fund and the Health Care Select Sector SPDR Fund. The strategy aims to protect investors against rising crude oil prices and a weakening rupee, which negatively impacted Indian equities during Samvat 2082. Samco estimates a potential upside of 47% for the energy fund and 60% for the healthcare fund, suggesting a holding period of at least two years. During Samvat 2082, the Nifty fell 10.9% from 25,868.60 on Muhurat Trading in 2025 to 23,053.10 on October 30, 2026. The Sensex dropped 11.8% over the same period. Meanwhile, the S&P 500 gained 12.5% in dollar terms and 21.9% in rupee terms, while Brent crude surged 91.8% and the rupee depreciated 8.3%. On the first day of Samvat 2083, the 30-share BSE Sensex rose 107.25 points to finish at 81,106.65, and the NSE Nifty 50 climbed 58.25 points to settle at 25,044.65.

ETF Recommendations

The energy fund invests in S&P 500 energy companies, including ExxonMobil and Chevron. Samco recommended accumulating this fund within the $68.50 to $71.50 range with a long-term target of $102.70, noting it gained about 55% in dollar terms during Samvat 2082. The healthcare fund provides exposure to American pharmaceutical companies, health insurers, medical-device makers and biotechnology businesses. Samco suggested accumulating the healthcare fund in tranches within the $182 to $188 buying range with a long-term target of $295.95, after it gained roughly 27% in dollar terms during the previous Samvat.

Context

Indian investors can access overseas securities under the Reserve Bank of India's Liberalised Remittance Scheme. Exchange-traded funds trade on stock exchanges and hold a basket of securities that track a specific index or sector. Investment returns depend on both the asset price movement in dollars and changes in the USD to INR exchange rate.