Table of Contents
Global 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.
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. ICICI Prudential Global Stable Equity Fund is a Equity - Global fund was launched on 13 Sep 13. It is a fund with High risk and has given a Below is the key information for ICICI Prudential Global Stable Equity Fund Returns up to 1 year are on The investment objective of the Scheme is to provide long term capital appreciation by predominantly investing in overseas mutual fund schemes, and a certain portion of its corpus in Money Market Securities and/or units of Money Market / Liquid Schemes of Principal Mutual Fund. Principal Global Opportunities Fund is a Equity - Global fund was launched on 29 Mar 04. It is a fund with High risk and has given a Below is the key information for Principal Global Opportunities 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. Sundaram Global Advantage Fund is a Equity - Global fund was launched on 24 Aug 07. It is a fund with High risk and has given a 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. Kotak Global Emerging Market Fund is a Equity - Global fund was launched on 26 Sep 07. It is a fund with High risk and has given a 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. Invesco India Feeder- Invesco Global Equity Income Fund is a Equity - Global fund was launched on 5 May 14. It is a fund with High risk and has given a Below is the key information for Invesco India Feeder- Invesco Global Equity Income 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
CAGR/Annualized return of 8.7% since its launch. Ranked 10 in Global category. Return for 2022 was 3.2% , 2021 was 19.7% and 2020 was 2.9% . ICICI Prudential Global Stable Equity Fund
Growth Launch Date 13 Sep 13 NAV (29 Mar 23) ₹22.11 ↑ 0.18 (0.82 %) Net Assets (Cr) ₹111 on 28 Feb 23 Category Equity - Global AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk High Expense Ratio 0.99 Sharpe Ratio 0.15 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 28 Feb 18 ₹10,000 28 Feb 19 ₹10,864 29 Feb 20 ₹10,836 28 Feb 21 ₹12,741 28 Feb 22 ₹14,575 28 Feb 23 ₹15,559 Returns for ICICI Prudential Global Stable Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Mar 23 Duration Returns 1 Month 0.6% 3 Month 2.2% 6 Month 16.2% 1 Year 2.9% 3 Year 16.5% 5 Year 10.2% 10 Year 15 Year Since launch 8.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.2% 2021 19.7% 2020 2.9% 2019 23% 2018 -0.9% 2017 7.2% 2016 7.3% 2015 5% 2014 11.8% 2013 Fund Manager information for ICICI Prudential Global Stable Equity Fund
Name Since Tenure Rohan Maru 19 Sep 13 9.45 Yr. Sharmila D’mello 1 Apr 22 0.91 Yr. Data below for ICICI Prudential Global Stable Equity Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Health Care 23.21% Technology 17.27% Consumer Defensive 14% Communication Services 14% Financial Services 7.52% Utility 6.51% Industrials 5.89% Consumer Cyclical 5.79% Basic Materials 2.29% Real Estate 2.02% Asset Allocation
Asset Class Value Cash 1.49% Equity 98.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nordea 1 - Global Stable Equity Z USD
Investment Fund | -99% ₹111 Cr 371,575
↑ 1,518 Treps
CBLO/Reverse Repo | -1% ₹1 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr 2. Principal Global Opportunities Fund
CAGR/Annualized return of 9.2% since its launch. Ranked 8 in Global category. . Principal Global Opportunities Fund
Growth Launch Date 29 Mar 04 NAV (31 Dec 21) ₹47.4362 ↓ -0.04 (-0.09 %) Net Assets (Cr) ₹38 on 30 Nov 21 Category Equity - Global AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk High Expense Ratio 2.1 Sharpe Ratio 2.31 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 2,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,445 29 Feb 20 ₹9,689 28 Feb 21 ₹13,484 Returns for Principal Global Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Mar 23 Duration Returns 1 Month 0% 3 Month 2.9% 6 Month 3.1% 1 Year 25.8% 3 Year 24.8% 5 Year 16.5% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Fund Manager information for Principal Global Opportunities Fund
Name Since Tenure Data below for Principal Global Opportunities Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 3. Sundaram Global Advantage Fund
CAGR/Annualized return of 5.8% since its launch. Ranked 28 in Global category. Return for 2022 was -15.4% , 2021 was 18.5% and 2020 was 21.4% . Sundaram Global Advantage Fund
Growth Launch Date 24 Aug 07 NAV (28 Mar 23) ₹24.183 ↓ -0.06 (-0.26 %) Net Assets (Cr) ₹117 on 28 Feb 23 Category Equity - Global AMC Sundaram Asset Management Company Ltd Rating ☆☆ Risk High Expense Ratio 1.52 Sharpe Ratio -0.27 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 28 Feb 18 ₹10,000 28 Feb 19 ₹9,783 29 Feb 20 ₹9,767 28 Feb 21 ₹12,671 28 Feb 22 ₹14,051 28 Feb 23 ₹13,701 Returns for Sundaram Global Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Mar 23 Duration Returns 1 Month 2.3% 3 Month 11.8% 6 Month 17.7% 1 Year -1.7% 3 Year 15.6% 5 Year 7.4% 10 Year 15 Year Since launch 5.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 -15.4% 2021 18.5% 2020 21.4% 2019 17.6% 2018 -8.1% 2017 19.8% 2016 12.8% 2015 -14.2% 2014 -3.6% 2013 9.1% Fund Manager information for Sundaram Global Advantage Fund
Name Since Tenure Rohit Seksaria 30 Dec 17 5.17 Yr. Ashish Aggarwal 1 Jan 22 1.16 Yr. Data below for Sundaram Global Advantage Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Consumer Cyclical 28.59% Technology 23.93% Financial Services 11.4% Communication Services 9.92% Consumer Defensive 9.36% Industrials 4.67% Asset Allocation
Asset Class Value Cash 12.13% Equity 87.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sundaram Global Brand Master
Investment Fund | -97% ₹114 Cr 12,185,595
↓ -410,000 Treps
CBLO/Reverse Repo | -3% ₹4 Cr Cash And Other Net Curent Assets
Net Current Assets | -0% ₹0 Cr 4. Kotak Global Emerging Market Fund
CAGR/Annualized return of 4.4% since its launch. Ranked 17 in Global category. Return for 2022 was -15% , 2021 was -0.5% and 2020 was 29.1% . Kotak Global Emerging Market Fund
Growth Launch Date 26 Sep 07 NAV (29 Mar 23) ₹19.528 ↑ 0.34 (1.79 %) Net Assets (Cr) ₹114 on 28 Feb 23 Category Equity - Global AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk High Expense Ratio 1.53 Sharpe Ratio -0.71 Information Ratio 0.02 Alpha Ratio -4.23 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 28 Feb 18 ₹10,000 28 Feb 19 ₹8,827 29 Feb 20 ₹9,470 28 Feb 21 ₹13,565 28 Feb 22 ₹12,483 28 Feb 23 ₹11,198 Returns for Kotak Global Emerging Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Mar 23 Duration Returns 1 Month 1% 3 Month 2.8% 6 Month 10.3% 1 Year -6.8% 3 Year 11.6% 5 Year 3% 10 Year 15 Year Since launch 4.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 -15% 2021 -0.5% 2020 29.1% 2019 21.4% 2018 -14.4% 2017 30.4% 2016 -1.2% 2015 -4.6% 2014 -2.6% 2013 15.3% Fund Manager information for Kotak Global Emerging Market Fund
Name Since Tenure Arjun Khanna 9 May 19 3.81 Yr. Data below for Kotak Global Emerging Market Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Cash 0.8% Other 99.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ci Emerging Markets Fund I - 974
- | -99% ₹113 Cr 644,930
↓ -381 Triparty Repo
CBLO/Reverse Repo | -1% ₹2 Cr Net Current Assets/(Liabilities)
CBLO | -1% -₹1 Cr 5. Invesco India Feeder- Invesco Global Equity Income Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 12 in Global category. Return for 2022 was -2.1% , 2021 was 21% and 2020 was 7.3% . Invesco India Feeder- Invesco Global Equity Income Fund
Growth Launch Date 5 May 14 NAV (29 Mar 23) ₹19.0844 ↑ 0.15 (0.81 %) Net Assets (Cr) ₹12 on 28 Feb 23 Category Equity - Global AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk High Expense Ratio 0.94 Sharpe Ratio 0.4 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 28 Feb 18 ₹10,000 28 Feb 19 ₹10,076 29 Feb 20 ₹9,869 28 Feb 21 ₹12,411 28 Feb 22 ₹13,496 28 Feb 23 ₹15,165 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 29 Mar 23 Duration Returns 1 Month -0.7% 3 Month 7.1% 6 Month 26.8% 1 Year 8.6% 3 Year 21.7% 5 Year 9.3% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 -2.1% 2021 21% 2020 7.3% 2019 24.7% 2018 -7.5% 2017 13.2% 2016 2.6% 2015 4% 2014 2013 Fund Manager information for Invesco India Feeder- Invesco Global Equity Income Fund
Name Since Tenure Amit Nigam 9 Jul 22 0.64 Yr. Data below for Invesco India Feeder- Invesco Global Equity Income Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Financial Services 20.36% Technology 17.82% Industrials 14.69% Consumer Cyclical 10.19% Real Estate 6.91% Consumer Defensive 5.92% Communication Services 4.78% Health Care 3.32% Energy 2.13% Basic Materials 1.55% Asset Allocation
Asset Class Value Cash 3.79% Equity 87.66% Other 8.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco Global Equity Income C USD Acc
Investment Fund | -96% ₹12 Cr 13,528 Triparty Repo
CBLO/Reverse Repo | -4% ₹0 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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