+91-22-48913909Global Mutual Funds
What are Global Mutual Funds?
As described above, a Global Mutual Fund is an investment tool that allows you to invest in international markets. Simply put, a Global Mutual Fund can be described as a mutual/exchange-traded fund which primarily invests in companies/enterprises which are spread across the world.
Are Global Mutual Funds the same as International Funds?
No! And here is an important distinction that every investor should understand. An International mutual fund only invests in foreign markets and has no investment in the investor’s home market.
A Global Fund, on the other hand, will invest in all available markets; including the investor’s own country.
For instance, if there is a trading company which invests in markets across Asia and the Middle Eastern regions, and still has a certain investment set aside for the Indian market, then it would function exactly like a Global Mutual Fund. If, however, this trading company were to invest in all countries across the globe except for India, we would call it an international fund.
Benefits of Investing in Global Mutual Funds
Global Mutual Funds are great for investors who are looking to diversify their Portfolio. Diversification helps in risk management, and by Investing in multiple markets you can earn high profits. The time period for investing in Global Mutual Funds is typically more, hence making it a suitable candidate for long-term investments.
Fund Selection Methodology used to find 5 funds
Features of Global Mutual Funds
Some of the distinguishing features of Global Mutual Fund are highlighted below:
- Diversification
- Risk factor
- Currency factor
- Hedge
- Returns
- Term
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*Funds having net assets of ICICI Prudential Global Stable Equity Fund (the Scheme) is an open-ended fund of funds scheme that seeks to provide adequate returns by investing in the units of one or more overseas mutual fund schemes, which have the mandate to invest globally. Currently the Scheme intends to invest in the units/shares of Nordea 1 – Global Stable Equity Fund – Unhedged (N1 – GSEF - U). The fund manager may also invest in one or more other overseas mutual fund schemes, with similar investment policy/fundamental attributes and risk profile and is in accordance with the investment strategy of the Scheme. The Scheme may also invest a certain portion of its corpus in domestic money market securities and/or money market/liquid schemes of domestic mutual funds including that of ICICI Prudential Mutual Fund, in order to meet liquidity requirements from time to time. Below is the key information for ICICI Prudential Global Stable Equity Fund Returns up to 1 year are on To achieve capital appreciation by investing in
units of overseas mutual funds and exchange
traded funds, domestic money market
instruments. Income generation may only be
a secondary objective. Research Highlights for Sundaram Global Advantage Fund Below is the key information for Sundaram Global Advantage Fund Returns up to 1 year are on The investment objective of the scheme is to provide long-term capital appreciation by investing in an overseas mutual fund scheme that invests in a diversified portfolio of securities as prescribed by SEBI from time to time in global emerging markets. Research Highlights for Kotak Global Emerging Market Fund Below is the key information for Kotak Global Emerging Market Fund Returns up to 1 year are on (Erstwhile Invesco India Global Equity Income Fund) To provide capital appreciation and/or income by investing predominantly
in units of Invesco Global Equity Income Fund, an overseas equity fund which invests primarily in equities of companies worldwide. The Scheme may, at the discretion of Fund Manager, also invest in units of other similar Overseas Mutual Funds with similar objectives, strategy and attributes which may constitute a significant portion of its net assets. Research Highlights for Invesco India Feeder- Invesco Global Equity Income Fund Below is the key information for Invesco India Feeder- Invesco Global Equity Income Fund Returns up to 1 year are on The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds - Global Allocation Fund (BGF - GAF). The Scheme may also invest in the units of other similar overseas mutual fund schemes which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized. It shall be noted ‘similar overseas mutual fund schemes’shall have investment objective, investment strategy and risk profile/consideration similar to those of BGF – GAF Research Highlights for DSP Global Allocation Fund Below is the key information for DSP Global Allocation Fund Returns up to 1 year are on 10 Crore of more and sorted on last three year return.
1. ICICI Prudential Global Stable Equity Fund
ICICI Prudential Global Stable Equity Fund
Growth Launch Date 13 Sep 13 NAV (16 Jun 26) ₹31.89 ↓ -0.21 (-0.65 %) Net Assets (Cr) ₹88 on 30 Apr 26 Category Equity - Global AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk High Expense Ratio 1.51 Sharpe Ratio 1.91 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-3 Months (3%),3-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,554 31 May 23 ₹11,102 31 May 24 ₹12,015 31 May 25 ₹13,556 31 May 26 ₹15,980 Returns for ICICI Prudential Global Stable Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jun 26 Duration Returns 1 Month -0.3% 3 Month 2.8% 6 Month 5.2% 1 Year 14.6% 3 Year 11.3% 5 Year 9.4% 10 Year 15 Year Since launch 9.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 17.8% 2023 5.7% 2022 11.7% 2021 3.2% 2020 19.7% 2019 2.9% 2018 23% 2017 -0.9% 2016 7.2% 2015 7.3% Fund Manager information for ICICI Prudential Global Stable Equity Fund
Name Since Tenure Ritesh Lunawat 13 Sep 24 1.72 Yr. Sharmila D’mello 1 Apr 22 4.17 Yr. Masoomi Jhurmarvala 4 Nov 24 1.57 Yr. Data below for ICICI Prudential Global Stable Equity Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Health Care 23.07% Consumer Defensive 14.48% Communication Services 14.45% Technology 11.96% Industrials 11.19% Consumer Cyclical 7.84% Utility 6.84% Financial Services 6.29% Real Estate 0.82% Basic Materials 0.54% Asset Allocation
Asset Class Value Cash 0.96% Equity 99.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nordea 1 - Global Stable Equity Z USD
Investment Fund | -100% ₹88 Cr 193,946 Treps
CBLO/Reverse Repo | -0% ₹0 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr 2. Sundaram Global Advantage Fund
Sundaram Global Advantage Fund
Growth Launch Date 24 Aug 07 NAV (16 Jun 26) ₹42.9616 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹162 on 30 Apr 26 Category Equity - Global AMC Sundaram Asset Management Company Ltd Rating ☆☆ Risk High Expense Ratio 1.07 Sharpe Ratio 1.73 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹9,233 31 May 23 ₹10,540 31 May 24 ₹12,300 31 May 25 ₹13,740 31 May 26 ₹18,102 Returns for Sundaram Global Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jun 26 Duration Returns 1 Month 0.3% 3 Month 11.1% 6 Month 6.8% 1 Year 26.1% 3 Year 17% 5 Year 11.6% 10 Year 15 Year Since launch 8.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 23.9% 2023 13.1% 2022 30.1% 2021 -15.4% 2020 18.5% 2019 21.4% 2018 17.6% 2017 -8.1% 2016 19.8% 2015 12.8% Fund Manager information for Sundaram Global Advantage Fund
Name Since Tenure Shalav Saket 31 Dec 25 0.41 Yr. Data below for Sundaram Global Advantage Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Technology 31.99% Consumer Cyclical 20.74% Communication Services 15.41% Financial Services 15.39% Consumer Defensive 9.29% Industrials 5.01% Asset Allocation
Asset Class Value Cash 2.17% Equity 97.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sundaram Global Brand Master
Investment Fund | -98% ₹159 Cr 9,147,276 Treps
CBLO/Reverse Repo | -2% ₹4 Cr Cash And Other Net Current Assets
CBLO | -0% ₹0 Cr 3. Kotak Global Emerging Market Fund
Kotak Global Emerging Market Fund
Growth Launch Date 26 Sep 07 NAV (16 Jun 26) ₹41.699 ↑ 0.44 (1.06 %) Net Assets (Cr) ₹1,540 on 30 Apr 26 Category Equity - Global AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk High Expense Ratio 1.64 Sharpe Ratio 2.14 Information Ratio -0.38 Alpha Ratio -2.33 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹8,527 31 May 23 ₹8,025 31 May 24 ₹9,225 31 May 25 ₹10,133 31 May 26 ₹17,663 Returns for Kotak Global Emerging Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jun 26 Duration Returns 1 Month 6.5% 3 Month 25.6% 6 Month 39.1% 1 Year 67.6% 3 Year 27.2% 5 Year 12.1% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 39.1% 2023 5.9% 2022 10.8% 2021 -15% 2020 -0.5% 2019 29.1% 2018 21.4% 2017 -14.4% 2016 30.4% 2015 -1.2% Fund Manager information for Kotak Global Emerging Market Fund
Name Since Tenure Arjun Khanna 9 May 19 7.07 Yr. Data below for Kotak Global Emerging Market Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Technology 35.06% Financial Services 20.26% Consumer Cyclical 12.1% Industrials 9.64% Basic Materials 6.38% Communication Services 5.81% Energy 5.79% Health Care 2.14% Consumer Defensive 1.41% Asset Allocation
Asset Class Value Cash 1.41% Equity 98.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity CI Emerging Markets Class A
Investment Fund | -101% ₹1,551 Cr 4,488,378
↑ 1,351,712 Net Current Assets/(Liabilities)
Net Current Assets | -2% -₹38 Cr Triparty Repo
CBLO/Reverse Repo | -2% ₹28 Cr 4. Invesco India Feeder- Invesco Global Equity Income Fund
Invesco India Feeder- Invesco Global Equity Income Fund
Growth Launch Date 5 May 14 NAV (17 Jun 26) ₹37.1695 ↓ -0.11 (-0.31 %) Net Assets (Cr) ₹241 on 30 Apr 26 Category Equity - Global AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk High Expense Ratio 1.4 Sharpe Ratio 1.56 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,145 31 May 23 ₹11,475 31 May 24 ₹14,074 31 May 25 ₹16,737 31 May 26 ₹22,059 Returns for Invesco India Feeder- Invesco Global Equity Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jun 26 Duration Returns 1 Month 1.8% 3 Month 13.7% 6 Month 15.4% 1 Year 25.7% 3 Year 21.7% 5 Year 16.5% 10 Year 15 Year Since launch 11.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 23.8% 2023 13.7% 2022 27% 2021 -2.1% 2020 21% 2019 7.3% 2018 24.7% 2017 -7.5% 2016 13.2% 2015 2.6% Fund Manager information for Invesco India Feeder- Invesco Global Equity Income Fund
Name Since Tenure Sagar Gandhi 1 Mar 25 1.25 Yr. Data below for Invesco India Feeder- Invesco Global Equity Income Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Industrials 20.37% Technology 19.45% Financial Services 18.8% Consumer Cyclical 9.41% Health Care 6.88% Consumer Defensive 5.77% Basic Materials 5.05% Energy 2.48% Communication Services 1.85% Real Estate 1.8% Asset Allocation
Asset Class Value Cash 3.11% Equity 91.86% Other 5.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco Global Equity Income C USD Acc
Investment Fund | -97% ₹233 Cr 132,648 Triparty Repo
CBLO/Reverse Repo | -3% ₹8 Cr Net Receivables / (Payables)
CBLO | -0% ₹0 Cr 5. DSP Global Allocation Fund
DSP Global Allocation Fund
Growth Launch Date 21 Aug 14 NAV (16 Jun 26) ₹22.2262 ↑ 0.01 (0.06 %) Net Assets (Cr) ₹1,482 on 30 Apr 26 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk High Expense Ratio 1.22 Sharpe Ratio -1.32 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹9,460 31 May 23 ₹9,865 31 May 24 ₹11,234 31 May 25 ₹12,440 31 May 26 ₹12,853 Returns for DSP Global Allocation Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jun 26 Duration Returns 1 Month 1% 3 Month 1.4% 6 Month 2.3% 1 Year 4.6% 3 Year 8.5% 5 Year 5.1% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.3% 2023 11.6% 2022 12.8% 2021 -6.6% 2020 7.3% 2019 21.2% 2018 18.3% 2017 -1.3% 2016 4.9% 2015 4.4% Fund Manager information for DSP Global Allocation Fund
Name Since Tenure Shantanu Godambe 11 Mar 25 1.22 Yr. Kaivalya Nadkarni 11 Mar 25 1.22 Yr. Data below for DSP Global Allocation Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Financial Services 10.12% Industrials 2.7% Basic Materials 2.43% Consumer Cyclical 1.93% Consumer Defensive 1.83% Communication Services 1.58% Energy 1.32% Health Care 1.29% Utility 1.05% Real Estate 0.58% Technology 0.25% Asset Allocation
Asset Class Value Cash 40.67% Debt 59.23% Other 0.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity DSP Banking & PSU Debt Dir Gr
Investment Fund | -50% ₹743 Cr 289,287,566 DSP Arbitrage Dir Gr
Investment Fund | -37% ₹554 Cr 335,207,638 DSP S/T Dir Gr
Investment Fund | -12% ₹178 Cr 33,834,038 Treps / Reverse Repo Investments
CBLO/Reverse Repo | -1% ₹12 Cr Net Receivables/Payables
CBLO | -0% ₹0 Cr
Global Mutual Fund Taxation
It is important to remember that all international funds are taxed as if they were non-Equity Funds. Hence, gains from international funds are taxed at the marginal rate if they are sold within three years from the date of purchase. The gains realized from the sale after three years are eligible for indexation benefits in the year of sale (20% with indexation and 10% without indexation).
Global Funds Structure
Depending on the sector that the funds invest in and the mode of investing, global funds can be structured according to the following ways:
Depending on the mode of investment
- Funds that invest directly These are funds which are directly handled by the local fund manager. Instead of relying on a fund manager who lives offshore, your local fund manager makes sure to look after your portfolio themselves.
- Funds that invest indirectly These funds are known either as feeder funds because they pool in money from local investors and then transfer the corpus to the parent fund which is managed offshore or pure fund of funds these are funds that invest the investors money in a basket of offshore funds.
- Funds that invest only a portion in foreign equity
These funds have a mix of both domestic and global funds. Hence, they are better choices for the moderate risk taker as they provide limited exposure to foreign equities while maintaining focus on the domestic market and thus enhance your portfolios tax efficiency.
Depending on the region of investment
- Region-specific funds When opting for global funds, you can choose to invest only in a specific region or country. This works well if the region/country of your choice has the potential for high growth, but to achieve this you would need a deep understanding of the region to capture the growth and exit at the right time.
- Funds that invest across the globe These funds are more flexible as they are not restricted to a particular region and can offer more diversified exposure to investors. They are generally handled by fund managers who have the necessary expertise in handling an investors portfolio and can identify and monitor opportunities worldwide.
Depending on theme
These funds invest in specific themes or growth opportunities across the globe. You can choose to invest in broad themes or sectors like commodities, energy, gold, agriculture, mining, and others. These funds are great to invest in when there is a growth period, and you can have access to segments which may not be available for investment in the domestic market. However, make sure that your portfolio is not overloaded with such investments as restricted exposure to a single theme can put investors at risk.
Why should you invest in Global Mutual Funds?
Global Funds can be a great asset to your investment portfolio. The pros and cons of this are listed below:
Pros
- Since you are investing in Mutual Funds from a different country, your investments are insulated against the market ups and downs in your own country
- Investing in mutual funds in the fastest growing markets across the globe will help you earn rich rewards
- Exposure to foreign currency can help you earn more and meet your future requirements
Cons
- Your investments will be subject to geopolitical and socio-economic factors in the country or region where you invest. So, market risks cannot be negated completely
- Since you will be investing in rupees and the exposure will be in a foreign currency, the fluctuations in the exchange rate for that particular currency can either boost or hurt your fund returns.
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Research Highlights for ICICI Prudential Global Stable Equity Fund