Can I go for Power STP to invest in Global Funds?

Yes. We have kept the Power STP option open for Global Funds/FoFs. Though the underlying algorithm (Fincare services Valuemeter) used is built mainly for the Indian markets, it does a reasonable job over the long run even for global diversified funds. This is because all major global equity markets and Indian equity markets tend to become correlated during extremes. However, please note that while the strategy will work reasonably well in capturing global risks over the long run, it might not be able to capture region/country specific risks and opportunities.