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Table of Contents
- Background of International Mutual Funds in India
- How to Pick an International Mutual Fund?
- Best International Mutual Funds to Invest in FY 22 - 23
- Types of International Mutual Funds
- Why to Invest in International Mutual Funds?
- Taxation of International Mutual Funds
- How to Invest in International Mutual Fund Online?
- FAQs
- 1. What are the benefits of investing in international mutual funds?
- 2. Can I invest in companies that post lower growth than India?
- 3. What is the Franklin India Feeder?
- 4. What is the BlackRock World Mining Fund?
- 5. Are earnings from international mutual funds taxed?
- 6. What is the main risk of the international mutual fund?
- 7. Who should invest in a foreign mutual fund?
Top 8 Equity - Global Funds
- Principal Global Opportunities Fund
- Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan
- ICICI Prudential Global Stable Equity Fund
- Aditya Birla Sun Life International Equity Fund - Plan B
- DSP BlackRock US Flexible Equity Fund
- Edelweiss ASEAN Equity Off-shore Fund
- Invesco India Feeder- Invesco Global Equity Income Fund
- ICICI Prudential US Bluechip Equity Fund
8 Best International Mutual Funds 2022
International Mutual Funds are funds that invest in foreign markets except for the investor’s country of residence. On the other hand, global fund invest in foreign markets as well as the investor’s country of residence. International Mutual Funds are also known as “foreign fund” and are a form of the ‘fund of funds’ strategy.
International Mutual Funds have become an attractive investment option for investors in the past few years due to the volatile local markets and an Economy going through its ups and downs.
Background of International Mutual Funds in India
With the permission of Reserve Bank of India (RBI), International Mutual Funds opened up in India in 2007. Each fund is allowed to get a corpus of USD 500 million.
Master-Feeder Structure of International Mutual Funds
International Mutual Funds follow a master-feeder structure. A master-feeder structure is a three-tier structure where investors place their money in the feeder fund which then invests in the master fund. The master fund then invests the money in the Market. A feeder fund is based on-shore i.e. in India, whereas, the master fund is based off-shore (in a foreign geography like Luxembourg etc).
A master fund can have multiple feeder funds. For example,
How to Pick an International Mutual Fund?
There are certain things to be kept in mind while choosing a suitable fund.
Best International Mutual Funds to Invest in FY 22 - 23
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 The objective of the Scheme is to offer long term growth of capital, by investing in (1) stocks of Agri commodity companies, i.e., companies engaged in or focusing on the Agri business and/or (2) overseas mutual fund scheme(s) that have similar investment objectives. These securities could be issued in India or overseas. Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan is a Equity - Global fund was launched on 7 Nov 08. It is a fund with High risk and has given a Below is the key information for Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan Returns up to 1 year are on 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 An Open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the domestic and international markets. Aditya Birla Sun Life International Equity Fund - Plan B is a Equity - Global fund was launched on 31 Oct 07. It is a fund with High risk and has given a Below is the key information for Aditya Birla Sun Life International Equity Fund - Plan B 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 BGF – USFEF. The Scheme may, at the discretion of the Investment Manager 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 – USFEF. DSP BlackRock US Flexible Equity Fund is a Equity - Global fund was launched on 3 Aug 12. It is a fund with High risk and has given a Below is the key information for DSP BlackRock US Flexible Equity Fund Returns up to 1 year are on The primary investment objective of the Scheme is to provide long term capital growth by investing predominantly in JPMorgan Funds – JF ASEAN Equity Fund, an equity fund which invests primarily in companies of countries which are members of the Association of South East Asian Nations (ASEAN). However, there can be no assurance that the investment objective of the Scheme will be realized. Edelweiss ASEAN Equity Off-shore Fund is a Equity - Global fund was launched on 1 Jul 11. It is a fund with High risk and has given a Below is the key information for Edelweiss ASEAN Equity Off-shore 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 The investment objective of ICICI Prudential US Bluechip Equity Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities (including ADRs/GDRs issued by Indian and foreign companies) of companies listed on New York Stock Exchange and/or NASDAQ. However, there can be no assurance that the investment objective of the Scheme will be realized. ICICI Prudential US Bluechip Equity Fund is a Equity - Global fund was launched on 6 Jul 12. It is a fund with High risk and has given a Below is the key information for ICICI Prudential US Bluechip Equity Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2021 (%) Principal Global Opportunities Fund Growth ₹47.4362
↓ -0.04 ₹38 2,000 2.9 3.1 25.8 24.8 16.5 Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan Growth ₹39.8716
↑ 0.53 ₹20 1,000 11.8 18.9 24.4 19.4 13.7 32.7 ICICI Prudential Global Stable Equity Fund Growth ₹20.72
↑ 0.20 ₹108 1,000 -2.4 0 3.5 11.8 9.4 19.7 Aditya Birla Sun Life International Equity Fund - Plan B Growth ₹24.7569
↑ 0.40 ₹100 1,000 -8 -10.9 1.3 11 7.9 22.3 DSP BlackRock US Flexible Equity Fund Growth ₹38.7094
↑ 0.85 ₹730 500 -6.6 -8 -0.5 16.8 14.6 24.2 Edelweiss ASEAN Equity Off-shore Fund Growth ₹22.23
↑ 0.10 ₹68 1,000 -10 -10.1 -1.6 3.1 5.2 6.3 Invesco India Feeder- Invesco Global Equity Income Fund Growth ₹16.6365
↑ 0.44 ₹12 500 -6.5 -8.6 -2.4 9.7 8.1 21 ICICI Prudential US Bluechip Equity Fund Growth ₹41.97
↓ -0.34 ₹2,104 100 -8.3 -10.7 -3 15.5 15.7 22.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Dec 21 10 crore of more and sorted on last one year return.
1. 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 30 Apr 17 ₹10,000 30 Apr 18 ₹12,720 30 Apr 19 ₹12,222 30 Apr 20 ₹11,415 30 Apr 21 ₹19,541 Returns for Principal Global Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 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 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 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 2. Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan
CAGR/Annualized return of 10.8% since its launch. Ranked 25 in Global category. Return for 2021 was 32.7% , 2020 was 1.4% and 2019 was 17.6% . Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan
Growth Launch Date 7 Nov 08 NAV (17 May 22) ₹39.8716 ↑ 0.53 (1.35 %) Net Assets (Cr) ₹20 on 31 Mar 22 Category Equity - Global AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆ Risk High Expense Ratio 1.56 Sharpe Ratio 1.94 Information Ratio -0.42 Alpha Ratio 7.54 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹10,864 30 Apr 19 ₹11,080 30 Apr 20 ₹9,133 30 Apr 21 ₹14,634 30 Apr 22 ₹18,478 Returns for Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month -4.5% 3 Month 11.8% 6 Month 18.9% 1 Year 24.4% 3 Year 19.4% 5 Year 13.7% 10 Year 15 Year Since launch 10.8% Historical performance (Yearly) on absolute basis
Year Returns 2021 32.7% 2020 1.4% 2019 17.6% 2018 -8.1% 2017 6.3% 2016 10% 2015 -6.1% 2014 6.8% 2013 12.8% 2012 15.5% Fund Manager information for Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan
Name Since Tenure Vinod Bhat 2 May 22 0 Yr. Data below for Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan as on 31 Mar 22
Equity Sector Allocation
Sector Value Basic Materials 45.3% Consumer Defensive 41.67% Industrials 8.97% Asset Allocation
Asset Class Value Cash 4.07% Equity 95.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity CF Industries Holdings Inc (Basic Materials)
Equity, Since 31 Aug 12 | C4F10% ₹2 Cr 2,367 Nutrien Ltd (Basic Materials)
Equity, Since 31 Jan 18 | N7T9% ₹2 Cr 2,097
↓ -446 Bunge Ltd (Consumer Defensive)
Equity, Since 31 Oct 12 | BU39% ₹2 Cr 1,748 Archer-Daniels Midland Co (Consumer Defensive)
Equity, Since 31 Jul 13 | ADM8% ₹2 Cr 2,127 The Mosaic Co (Basic Materials)
Equity, Since 29 Feb 12 | 02M8% ₹1 Cr 2,840 ICL Group Ltd (Basic Materials)
Equity, Since 30 Sep 12 | ICL7% ₹1 Cr 15,939 Deere & Co (Industrials)
Equity, Since 28 Feb 09 | DCO6% ₹1 Cr 346 Tyson Foods Inc Class A (Consumer Defensive)
Equity, Since 31 Jul 13 | TF7A5% ₹1 Cr 1,272 Ingredion Inc (Consumer Defensive)
Equity, Since 31 May 11 | CNP5% ₹1 Cr 1,273 Sociedad Quimica Y Minera De Chile SA ADR (Basic Materials)
Equity, Since 31 Oct 12 | QYM4% ₹1 Cr 1,351 3. ICICI Prudential Global Stable Equity Fund
CAGR/Annualized return of 8.8% since its launch. Ranked 10 in Global category. Return for 2021 was 19.7% , 2020 was 2.9% and 2019 was 23% . ICICI Prudential Global Stable Equity Fund
Growth Launch Date 13 Sep 13 NAV (13 May 22) ₹20.72 ↑ 0.20 (0.97 %) Net Assets (Cr) ₹108 on 31 Mar 22 Category Equity - Global AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk High Expense Ratio 1.29 Sharpe Ratio 0.93 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 30 Apr 17 ₹10,000 30 Apr 18 ₹10,873 30 Apr 19 ₹11,616 30 Apr 20 ₹11,998 30 Apr 21 ₹15,199 30 Apr 22 ₹16,133 Returns for ICICI Prudential Global Stable Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month -3.4% 3 Month -2.4% 6 Month 0% 1 Year 3.5% 3 Year 11.8% 5 Year 9.4% 10 Year 15 Year Since launch 8.8% Historical performance (Yearly) on absolute basis
Year Returns 2021 19.7% 2020 2.9% 2019 23% 2018 -0.9% 2017 7.2% 2016 7.3% 2015 5% 2014 11.8% 2013 2012 Fund Manager information for ICICI Prudential Global Stable Equity Fund
Name Since Tenure Rohan Maru 19 Sep 13 8.62 Yr. Priyanka Khandelwal 30 Jun 17 4.84 Yr. Sharmila D’mello 1 Apr 22 0.08 Yr. Data below for ICICI Prudential Global Stable Equity Fund as on 31 Mar 22
Equity Sector Allocation
Sector Value Health Care 25.72% Communication Services 16.7% Technology 14.94% Consumer Defensive 13.23% Consumer Cyclical 6.86% Utility 6.12% Financial Services 5.59% Industrials 5.2% Real Estate 1.93% Basic Materials 1.86% Asset Allocation
Asset Class Value Cash 1.86% Equity 98.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nordea 1 - Global Stable Equity Z USD
Investment Fund | -99% ₹107 Cr 371,791 Treps
CBLO/Reverse Repo | -1% ₹1 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr 4. Aditya Birla Sun Life International Equity Fund - Plan B
CAGR/Annualized return of 6.4% since its launch. Ranked 39 in Global category. Return for 2021 was 22.3% , 2020 was 15.1% and 2019 was 8.1% . Aditya Birla Sun Life International Equity Fund - Plan B
Growth Launch Date 31 Oct 07 NAV (17 May 22) ₹24.7569 ↑ 0.40 (1.66 %) Net Assets (Cr) ₹100 on 31 Mar 22 Category Equity - Global AMC Birla Sun Life Asset Management Co Ltd Rating ☆ Risk High Expense Ratio 2.58 Sharpe Ratio 1.05 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹11,116 30 Apr 19 ₹11,216 30 Apr 20 ₹9,244 30 Apr 21 ₹14,532 30 Apr 22 ₹15,662 Returns for Aditya Birla Sun Life International Equity Fund - Plan B
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month -8.4% 3 Month -8% 6 Month -10.9% 1 Year 1.3% 3 Year 11% 5 Year 7.9% 10 Year 15 Year Since launch 6.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 22.3% 2020 15.1% 2019 8.1% 2018 -5.5% 2017 27.7% 2016 5.2% 2015 -1.4% 2014 29.7% 2013 6.7% 2012 24.3% Fund Manager information for Aditya Birla Sun Life International Equity Fund - Plan B
Name Since Tenure Vineet Maloo 31 Oct 07 14.51 Yr. Data below for Aditya Birla Sun Life International Equity Fund - Plan B as on 31 Mar 22
Equity Sector Allocation
Sector Value Financial Services 29.56% Basic Materials 19.22% Industrials 14.13% Consumer Defensive 9.28% Consumer Cyclical 7.38% Health Care 6.21% Technology 5.77% Energy 5.71% Communication Services 1.3% Utility 0.29% Asset Allocation
Asset Class Value Cash 1.14% Equity 98.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹6 Cr 46,797 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹6 Cr 85,629 RHI Magnesita India Ltd (Industrials)
Equity, Since 31 May 14 | RHIM6% ₹6 Cr 96,540 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE5% ₹5 Cr 18,466 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC4% ₹4 Cr 17,254 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Jun 20 | HINDALCO4% ₹4 Cr 77,000 IFGL Refractories Ltd (Basic Materials)
Equity, Since 30 Nov 17 | IFGLEXPOR2% ₹2 Cr 82,900 National Aluminium Co Ltd (Basic Materials)
Equity, Since 30 Jun 20 | NATIONALUM2% ₹2 Cr 227,297 State Bank of India (Financial Services)
Equity, Since 31 Aug 18 | SBIN2% ₹2 Cr 44,500 VST Industries Ltd (Consumer Defensive)
Equity, Since 31 May 12 | VSTIND2% ₹2 Cr 6,785 5. DSP BlackRock US Flexible Equity Fund
CAGR/Annualized return of 14.9% since its launch. Ranked 3 in Global category. Return for 2021 was 24.2% , 2020 was 22.6% and 2019 was 27.5% . DSP BlackRock US Flexible Equity Fund
Growth Launch Date 3 Aug 12 NAV (13 May 22) ₹38.7094 ↑ 0.85 (2.23 %) Net Assets (Cr) ₹730 on 31 Mar 22 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆☆ Risk High Expense Ratio 1.67 Sharpe Ratio 0.82 Information Ratio -0.3 Alpha Ratio -0.65 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 30 Apr 17 ₹10,000 30 Apr 18 ₹11,683 30 Apr 19 ₹12,984 30 Apr 20 ₹13,482 30 Apr 21 ₹20,498 30 Apr 22 ₹20,867 Returns for DSP BlackRock US Flexible Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month -6.2% 3 Month -6.6% 6 Month -8% 1 Year -0.5% 3 Year 16.8% 5 Year 14.6% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 24.2% 2020 22.6% 2019 27.5% 2018 -1.1% 2017 15.5% 2016 9.8% 2015 2.5% 2014 13.1% 2013 46.7% 2012 Fund Manager information for DSP BlackRock US Flexible Equity Fund
Name Since Tenure Kedar Karnik 17 Jul 16 5.79 Yr. Laukik Bagwe 3 Aug 12 9.75 Yr. Jay Kothari 1 Mar 13 9.17 Yr. Data below for DSP BlackRock US Flexible Equity Fund as on 31 Mar 22
Equity Sector Allocation
Sector Value Technology 23.66% Financial Services 13.82% Communication Services 12.22% Consumer Cyclical 11.74% Health Care 10.98% Industrials 7.46% Consumer Defensive 6.16% Basic Materials 5.18% Energy 5.05% Real Estate 1.29% Asset Allocation
Asset Class Value Cash 2.44% Equity 97.55% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity BGF US Flexible Equity I2
Investment Fund | -99% ₹696 Cr 2,508,388
↑ 24,036 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -1% ₹11 Cr Net Receivables/Payables
Net Current Assets | -0% -₹1 Cr 6. Edelweiss ASEAN Equity Off-shore Fund
CAGR/Annualized return of 7.6% since its launch. Ranked 18 in Global category. Return for 2021 was 6.3% , 2020 was 2.3% and 2019 was 12% . Edelweiss ASEAN Equity Off-shore Fund
Growth Launch Date 1 Jul 11 NAV (13 May 22) ₹22.23 ↑ 0.10 (0.45 %) Net Assets (Cr) ₹68 on 31 Mar 22 Category Equity - Global AMC Edelweiss Asset Management Limited Rating ☆☆☆ Risk High Expense Ratio 1.41 Sharpe Ratio 0.43 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹12,535 30 Apr 19 ₹12,298 30 Apr 20 ₹10,205 30 Apr 21 ₹13,526 30 Apr 22 ₹13,870 Returns for Edelweiss ASEAN Equity Off-shore Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month -7.9% 3 Month -10% 6 Month -10.1% 1 Year -1.6% 3 Year 3.1% 5 Year 5.2% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2021 6.3% 2020 2.3% 2019 12% 2018 -2.1% 2017 21.9% 2016 9.6% 2015 -11.1% 2014 8.4% 2013 10.1% 2012 31.2% Fund Manager information for Edelweiss ASEAN Equity Off-shore Fund
Name Since Tenure Bhavesh Jain 27 Sep 19 2.59 Yr. Bharat Lahoti 1 Oct 21 0.58 Yr. Data below for Edelweiss ASEAN Equity Off-shore Fund as on 31 Mar 22
Equity Sector Allocation
Sector Value Financial Services 40.66% Communication Services 13.22% Industrials 7.57% Real Estate 7.46% Consumer Cyclical 5.82% Consumer Defensive 4.39% Basic Materials 3.88% Health Care 3.25% Energy 3.17% Technology 2.16% Utility 0.76% Asset Allocation
Asset Class Value Cash 7.64% Equity 92.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity JPM ASEAN Equity I (acc) USD
Investment Fund | -98% ₹67 Cr 48,939 Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -2% ₹1 Cr Net Receivables/(Payables)
Net Current Assets | -0% ₹0 Cr Accrued Interest
CBLO | -0% ₹0 Cr 7. Invesco India Feeder- Invesco Global Equity Income Fund
CAGR/Annualized return of 6.5% since its launch. Ranked 12 in Global category. Return for 2021 was 21% , 2020 was 7.3% and 2019 was 24.7% . Invesco India Feeder- Invesco Global Equity Income Fund
Growth Launch Date 5 May 14 NAV (17 May 22) ₹16.6365 ↑ 0.44 (2.69 %) Net Assets (Cr) ₹12 on 31 Mar 22 Category Equity - Global AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk High Expense Ratio 0.94 Sharpe Ratio 0.45 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 30 Apr 17 ₹10,000 30 Apr 18 ₹11,700 30 Apr 19 ₹11,740 30 Apr 20 ₹10,848 30 Apr 21 ₹15,609 30 Apr 22 ₹15,353 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 31 Dec 21 Duration Returns 1 Month -2.6% 3 Month -6.5% 6 Month -8.6% 1 Year -2.4% 3 Year 9.7% 5 Year 8.1% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2021 21% 2020 7.3% 2019 24.7% 2018 -7.5% 2017 13.2% 2016 2.6% 2015 4% 2014 2013 2012 Fund Manager information for Invesco India Feeder- Invesco Global Equity Income Fund
Name Since Tenure Neelesh Dhamnaskar 5 May 14 7.99 Yr. Data below for Invesco India Feeder- Invesco Global Equity Income Fund as on 31 Mar 22
Equity Sector Allocation
Sector Value Financial Services 19.79% Technology 16.35% Industrials 11.89% Consumer Cyclical 11.53% Consumer Defensive 9.89% Communication Services 7.96% Real Estate 7.9% Health Care 3.4% Energy 2.67% Asset Allocation
Asset Class Value Cash 2.3% Equity 91.38% Other 6.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco Global Equity Income C USD Acc
Investment Fund | -98% ₹11 Cr 14,356 Triparty Repo
CBLO/Reverse Repo | -2% ₹0 Cr Net Receivables / (Payables)
Net Current Assets | -0% ₹0 Cr 8. ICICI Prudential US Bluechip Equity Fund
CAGR/Annualized return of 15.7% since its launch. Ranked 7 in Global category. Return for 2021 was 22.5% , 2020 was 18.6% and 2019 was 34.3% . ICICI Prudential US Bluechip Equity Fund
Growth Launch Date 6 Jul 12 NAV (16 May 22) ₹41.97 ↓ -0.34 (-0.80 %) Net Assets (Cr) ₹2,104 on 31 Mar 22 Category Equity - Global AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk High Expense Ratio 2.49 Sharpe Ratio 0.71 Information Ratio -0.4 Alpha Ratio -2.78 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-3 Months (3%),3-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹11,472 30 Apr 19 ₹13,730 30 Apr 20 ₹15,402 30 Apr 21 ₹21,195 30 Apr 22 ₹20,585 Returns for ICICI Prudential US Bluechip Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month -7.1% 3 Month -8.3% 6 Month -10.7% 1 Year -3% 3 Year 15.5% 5 Year 15.7% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 22.5% 2020 18.6% 2019 34.3% 2018 5.2% 2017 14.1% 2016 11.6% 2015 0.7% 2014 12.7% 2013 45.7% 2012 Fund Manager information for ICICI Prudential US Bluechip Equity Fund
Name Since Tenure Rohan Maru 19 Sep 13 8.62 Yr. Priyanka Khandelwal 30 Jun 17 4.84 Yr. Data below for ICICI Prudential US Bluechip Equity Fund as on 31 Mar 22
Equity Sector Allocation
Sector Value Technology 24.18% Health Care 14.62% Industrials 13.84% Consumer Defensive 13.23% Communication Services 11.49% Financial Services 8.89% Consumer Cyclical 8.77% Basic Materials 2.09% Asset Allocation
Asset Class Value Cash 2.89% Equity 97.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity Alphabet Inc Class C (Communication Services)
Equity, Since 31 Jan 18 | GOOG3% ₹61 Cr 2,886 Amazon.com Inc (Consumer Cyclical)
Equity, Since 30 Jun 16 | AMZN3% ₹57 Cr 2,309 Medtronic PLC (Healthcare)
Equity, Since 31 Dec 16 | MDT3% ₹57 Cr 67,451
↑ 8,000 Emerson Electric Co (Industrials)
Equity, Since 31 Oct 21 | EMR3% ₹57 Cr 76,064 Merck & Co Inc (Healthcare)
Equity, Since 30 Sep 19 | MRK3% ₹56 Cr 90,606 Kellogg Co (Consumer Defensive)
Equity, Since 31 Dec 18 | K3% ₹53 Cr 109,248 Campbell Soup Co (Consumer Defensive)
Equity, Since 30 Sep 21 | CPB3% ₹53 Cr 156,344
↑ 20,000 Intel Corp (Technology)
Equity, Since 30 Sep 18 | INTC3% ₹53 Cr 140,284 Microsoft Corp (Technology)
Equity, Since 30 Jun 16 | MSFT2% ₹53 Cr 22,490 Equifax Inc (Industrials)
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Types of International Mutual Funds
1. Emerging Market Funds
This type of mutual fund invests in emerging markets like India, China, Russia, Brazil etc. China has surpassed the USA to be the world’s largest car manufacturer. Russia is a big player in natural gas. India has a fast-growing service economy base. These countries are expected to grow tremendously in the coming years making them a hot choice for investors.
Some of the best international mutual fund schemes that invest in emerging markets are Birla Sun Life International Equity Plan A, Kotak Global Emerging Market Fund and Principal Global Opportunities Fund.
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2. Developed Market Funds
Developed market funds are an attractive option because it is generally seen that mature markets are more stable. Also, they do not have the problems associated with emerging markets like an economy or currency risk in the economy, political instability, etc. making them less risky. Some schemes that invest in developed markets are DWS Global Thematic Offshore Fund etc.
3. Country Specific Funds
As the name suggests, this type invests only in a specific country or part of the globe. But, country-specific funds defeat the entire purpose of diversifying the portfolio since it lays all eggs in one basket. However, when there are opportunities in specific countries due to various reasons, these funds become a good choice.
Reliance Japan Equity Fund, Kotak US Equities Fund and Mirae Asset China Advantage Fund are some country-specific schemes.
4. Commodity Based Funds
These funds invest in commodities like gold, precious metals, crude oil, wheat, etc. Commodities offer diversification and also act as an Inflation hedge, thus protecting the investors. Also, these funds could be multi-commodity or focused on a single commodity.
Best commodity based international mutual funds are DSP Black Rock World Gold Fund, ING OptiMix Global Commodities, Mirae Asset Global Commodity Stocks, Birla Sun Life Commodity Equities - Global Agri Fund, etc.
5. Theme Based Funds
Theme based funds or thematic funds invest in a particular theme. For example, if the theme is infrastructure, it would invest in infrastructure construction companies as well as companies related to the infrastructure business like cement, steel, etc.
They are often confused with sectoral funds which focus only on a specific industry. For example, pharmaceutical sectoral funds would only invest in pharma companies. Compared to sector funds, thematic funds are a broader concept. This offers more diversification and less risk since the investment is spread across various industries.
Some theme based funds are DSPBR World Energy Fund, L&T Global Real Assets Fund etc.
Why to Invest in International Mutual Funds?
1. Diversification
The main motive of Investing in International Mutual Funds is diversification. Diversification helps in optimising the returns and reducing the overall risks of a portfolio. Low or negative correlations between investments make sure that the returns are not dependent on only one sector or economy. Thus, balancing the portfolio and protecting the investor.
2. Ease in Investing
You can give a global edge to your portfolio by making a direct investment in foreign markets through equities, commodities, real estate, and exchange-traded funds (ETFs) as well. Buying units of an international mutual fund are much easier and they also provide the expertise of the fund manager which is not available in the other investing avenues.
3. International Exposure
International mutual funds help in expanding the investor horizons beyond the domestic boundaries. Also, investing internationally helps set-off any losses that the investor may have incurred in the domestic market.
4. Currency Fluctuations
International Mutual Fund schemes determine the NAV (Net Asset Value) of the fund by using the prevailing exchange rate. The exchange rates fluctuate every day, or more so, every minute.
This means that for a scheme investing in US Dollars, the NAV of the scheme would be impacted as per the dollar-rupee movement. It is observed that the more the rupee depreciates, the higher are the gains. This makes international mutual funds even more attractive since the rupee is going downhill now.
5. Country Specific Exposures
If the investor wants to take complete advantage of another country’s growth, international mutual funds are the way to go. But the Flip side of this would be that the portfolio is dependent solely on one economy. Hence, increasing the risk Factor.
Taxation of International Mutual Funds
Tax treatment of international mutual funds in India is similar to that of Debt fund. If the investor holds the investments short term i.e. less than 36 months, they will be included in his total Income and will be taxed as per the applicable slab rate.
If the investments are held for more than 36 months, the investor is then eligible for indexation benefits. Any gains arising from the schemes will be taxed @ 10% without indexation or 20% with indexation.
How to Invest in International Mutual Fund Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
According to experts, an investor should have around 10-12% of the portfolio invested in international mutual funds. So with the basics covered now, start building up that portfolio with international mutual funds today.
FAQs
1. What are the benefits of investing in international mutual funds?
A: It diversifies your portfolio of investment, which tends to give you better & diversified returns. It also keeps your portfolio balanced. As these companies have foreign funds, you can expect your investment to produce good returns.
2. Can I invest in companies that post lower growth than India?
A: Yes, you can, but it will depend on the financial institution you are investing in. You cannot directly invest in the securities of a foreign company. You will need a broker or a financial institute to help you invest in the particular security.
3. What is the Franklin India Feeder?
A: The Franklin India Feeder or the Franklin US Opportunities Fund is one of the most successful international mutual funds. This fund allows you to invest in multiple securities of companies in the United States involved in fields like technology, healthcare, consumer cyclical, financial services, and many more such industrial sectors. These mutual funds allow you to diversify your portfolio of investments, making it easy to invest in multiple securities through a single investment. Since its launch, the Franklin India Feeder has produced returns of 19.9%.
4. What is the BlackRock World Mining Fund?
A: This is different from Franklin as it has an equity sector only in necessary materials and financial services. This is considered to be a high-risk mutual fund, but has been known to produce excellent returns. The DSP BlackRock World Mining has produced returns of nearly 34.9% for the 3- year investment period.
5. Are earnings from international mutual funds taxed?
A: Yes, Earnings from international mutual funds are taxed. Dividends that you earn from these funds are liable for Tax Deducted at Source or TDS at 7.5% till March 31, 2021, and the mutual fund house deducts it. If you have invested for 3 years, it will fall under the short-term investment, and if for more, you will have to categorize it under long-term investment. The taxation slab will also depend on the time for which the investment has been made.
6. What is the main risk of the international mutual fund?
A: The primary risk of the international mutual fund is the fluctuating nature of the foreign exchange rate. If the foreign exchange rates fluctuate compared to the rupee, it can adversely affect your investment.
7. Who should invest in a foreign mutual fund?
A: If you are looking to diversify your investment portfolio and looking to add a geographical diversification, then you could consider investing in a foreign mutual fund.
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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Very good article I got all the required information.