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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 24 - 25
- 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
- Franklin India Feeder - Franklin U S Opportunities Fund
- Principal Global Opportunities Fund
- Nippon India US Equity Opportunites Fund
- Invesco India Feeder- Invesco Global Equity Income Fund
- DSP BlackRock US Flexible Equity Fund
- DSP BlackRock World Gold Fund
- Nippon India Japan Equity Fund
- Edelweiss Europe Dynamic Equity Off-shore Fund
8 Best International Mutual Funds 2024
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 24 - 25
The Fund seeks to provide capital appreciation by investing predominantly in units of Franklin U. S. Opportunities Fund, an overseas Franklin Templeton mutual fund, which primarily invests in securities in the United States of America. Franklin India Feeder - Franklin U S Opportunities Fund is a Equity - Global fund was launched on 6 Feb 12. It is a fund with High risk and has given a Below is the key information for Franklin India Feeder - Franklin U S Opportunities 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 The primary investment objective of Reliance US Equity Opportunities Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on recognized stock exchanges in the US and the secondary objective is to generate consistent returns by investing in debt and money market securities in India. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. Nippon India US Equity Opportunites Fund is a Equity - Global fund was launched on 23 Jul 15. It is a fund with High risk and has given a Below is the key information for Nippon India US Equity Opportunites 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 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 seek capital appreciation by investing predominantly in units of MLIIF - WGF. 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 units of money market/liquid schemes of DSP Merrill Lynch 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." DSP BlackRock World Gold Fund is a Equity - Global fund was launched on 14 Sep 07. It is a fund with High risk and has given a Below is the key information for DSP BlackRock World Gold Fund Returns up to 1 year are on The primary investment objective of Reliance Japan Equity Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on the recognized stock exchanges of Japan and the secondary objective is to generate consistent returns by investing in debt and money market securities of India. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. Nippon India Japan Equity Fund is a Equity - Global fund was launched on 26 Aug 14. It is a fund with High risk and has given a Below is the key information for Nippon India Japan Equity Fund Returns up to 1 year are on The primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds - Europe Dynamic Fund, an equity fund which invests primarily in an aggressively managed portfolio of European companies. Edelweiss Europe Dynamic Equity Off-shore Fund is a Equity - Global fund was launched on 7 Feb 14. It is a fund with High risk and has given a Below is the key information for Edelweiss Europe Dynamic Equity Off-shore 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 (%) 2023 (%) Franklin India Feeder - Franklin U S Opportunities Fund Growth ₹67.0933
↑ 0.09 ₹3,558 500 8.9 14.1 29.5 4.2 15.4 37.9 Principal Global Opportunities Fund Growth ₹47.4362
↓ -0.04 ₹38 2,000 2.9 3.1 25.8 24.8 16.5 Nippon India US Equity Opportunites Fund Growth ₹31.2845
↓ -0.06 ₹688 100 3.4 10.1 21.3 6.8 14.2 32.4 Invesco India Feeder- Invesco Global Equity Income Fund Growth ₹24.8167
↓ -0.16 ₹21 500 6.6 10.5 19.1 12.5 14.5 27 DSP BlackRock US Flexible Equity Fund Growth ₹54.476
↑ 0.24 ₹909 500 6.6 10.3 18.5 10.3 16.7 22 DSP BlackRock World Gold Fund Growth ₹20.5428
↑ 0.05 ₹878 500 12.7 33.3 18.2 5.2 8.1 7 Nippon India Japan Equity Fund Growth ₹18.7314
↓ -0.03 ₹287 100 6.9 8.3 15.6 3.7 18.7 Edelweiss Europe Dynamic Equity Off-shore Fund Growth ₹19.369
↑ 0.03 ₹76 1,000 4.4 13.5 15.3 7.5 12.1 17.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jul 24 10 crore of more and sorted on last one year return.
1. Franklin India Feeder - Franklin U S Opportunities Fund
CAGR/Annualized return of 16.5% since its launch. Ranked 6 in Global category. Return for 2023 was 37.9% , 2022 was -30.3% and 2021 was 17.9% . Franklin India Feeder - Franklin U S Opportunities Fund
Growth Launch Date 6 Feb 12 NAV (23 Jul 24) ₹67.0933 ↑ 0.09 (0.14 %) Net Assets (Cr) ₹3,558 on 30 Jun 24 Category Equity - Global AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆ Risk High Expense Ratio 1.54 Sharpe Ratio 1.24 Information Ratio -2.13 Alpha Ratio -3.81 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-3 Years (1%),3 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹13,250 30 Jun 21 ₹17,973 30 Jun 22 ₹12,942 30 Jun 23 ₹15,983 30 Jun 24 ₹21,188 Returns for Franklin India Feeder - Franklin U S Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jul 24 Duration Returns 1 Month -0.3% 3 Month 8.9% 6 Month 14.1% 1 Year 29.5% 3 Year 4.2% 5 Year 15.4% 10 Year 15 Year Since launch 16.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 37.9% 2022 -30.3% 2021 17.9% 2020 45.2% 2019 34.2% 2018 6.5% 2017 18.1% 2016 -0.8% 2015 8.8% 2014 8.4% Fund Manager information for Franklin India Feeder - Franklin U S Opportunities Fund
Name Since Tenure Sandeep Manam 18 Oct 21 2.7 Yr. Data below for Franklin India Feeder - Franklin U S Opportunities Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Technology 40.66% Health Care 12.84% Communication Services 11.22% Consumer Cyclical 10.96% Financial Services 6.62% Industrials 6.47% Consumer Defensive 3.37% Basic Materials 2.35% Real Estate 0.73% Asset Allocation
Asset Class Value Cash 1.27% Equity 97.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity Franklin US Opportunities I(acc)USD
Investment Fund | -99% ₹3,532 Cr 4,645,885
↓ -93,905 Call, Cash & Other Assets
CBLO | -1% ₹27 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 30 Jun 19 ₹10,000 30 Jun 20 ₹10,560 30 Jun 21 ₹16,151 Returns for Principal Global Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jul 24 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 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 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. Nippon India US Equity Opportunites Fund
CAGR/Annualized return of 13.5% since its launch. Return for 2023 was 32.4% , 2022 was -19% and 2021 was 22.2% . Nippon India US Equity Opportunites Fund
Growth Launch Date 23 Jul 15 NAV (23 Jul 24) ₹31.2845 ↓ -0.06 (-0.18 %) Net Assets (Cr) ₹688 on 30 Jun 24 Category Equity - Global AMC Nippon Life Asset Management Ltd. Rating Risk High Expense Ratio 2.49 Sharpe Ratio 1.14 Information Ratio -1.31 Alpha Ratio -1.08 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,757 30 Jun 21 ₹15,914 30 Jun 22 ₹13,434 30 Jun 23 ₹15,997 30 Jun 24 ₹20,061 Returns for Nippon India US Equity Opportunites Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jul 24 Duration Returns 1 Month -1.3% 3 Month 3.4% 6 Month 10.1% 1 Year 21.3% 3 Year 6.8% 5 Year 14.2% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 32.4% 2022 -19% 2021 22.2% 2020 22.4% 2019 31.8% 2018 7.7% 2017 16.9% 2016 8.2% 2015 2014 Fund Manager information for Nippon India US Equity Opportunites Fund
Name Since Tenure Kinjal Desai 25 May 18 6.11 Yr. Data below for Nippon India US Equity Opportunites Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Technology 27.05% Communication Services 18.65% Consumer Cyclical 18.14% Health Care 17.71% Financial Services 13.83% Basic Materials 3.75% Asset Allocation
Asset Class Value Cash 0.87% Equity 99.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity Alphabet Inc Class A (Communication Services)
Equity, Since 31 Jul 15 | ABEA9% ₹62 Cr 40,634 Microsoft Corp (Technology)
Equity, Since 30 Nov 18 | MSFT8% ₹57 Cr 15,303 Amazon.com Inc (Consumer Cyclical)
Equity, Since 31 Mar 19 | AMZ N7% ₹51 Cr 31,635 Meta Platforms Inc Class A (Communication Services)
Equity, Since 31 Oct 16 | META7% ₹49 Cr 11,610 Taiwan Semiconductor Manufacturing Co Ltd ADR (Technology)
Equity, Since 31 Jan 23 | TSM6% ₹43 Cr 29,760 Booking Holdings Inc (Consumer Cyclical)
Equity, Since 31 Jul 15 | BKNG6% ₹41 Cr 1,238 Mastercard Inc Class A (Financial Services)
Equity, Since 31 Jul 15 | MA6% ₹38 Cr 10,346 IQVIA Holdings Inc (Healthcare)
Equity, Since 28 Feb 17 | QTS5% ₹34 Cr 19,088 Elevance Health Inc (Healthcare)
Equity, Since 28 Feb 18 | ELV5% ₹32 Cr 7,050 Charles Schwab Corp (Financial Services)
Equity, Since 31 Jul 22 | SCHW4% ₹29 Cr 47,952 4. Invesco India Feeder- Invesco Global Equity Income Fund
CAGR/Annualized return of 9.3% since its launch. Ranked 12 in Global category. Return for 2023 was 27% , 2022 was -2.1% and 2021 was 21% . Invesco India Feeder- Invesco Global Equity Income Fund
Growth Launch Date 5 May 14 NAV (24 Jul 24) ₹24.8167 ↓ -0.16 (-0.63 %) Net Assets (Cr) ₹21 on 30 Jun 24 Category Equity - Global AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk High Expense Ratio 1.42 Sharpe Ratio 0.87 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 Jun 19 ₹10,000 30 Jun 20 ₹9,992 30 Jun 21 ₹13,827 30 Jun 22 ₹12,726 30 Jun 23 ₹16,127 30 Jun 24 ₹19,333 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 23 Jul 24 Duration Returns 1 Month 1.1% 3 Month 6.6% 6 Month 10.5% 1 Year 19.1% 3 Year 12.5% 5 Year 14.5% 10 Year 15 Year Since launch 9.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 27% 2022 -2.1% 2021 21% 2020 7.3% 2019 24.7% 2018 -7.5% 2017 13.2% 2016 2.6% 2015 4% 2014 Fund Manager information for Invesco India Feeder- Invesco Global Equity Income Fund
Name Since Tenure Amit Nigam 9 Jul 22 1.98 Yr. Data below for Invesco India Feeder- Invesco Global Equity Income Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 19.9% Technology 17.44% Industrials 13.59% Consumer Cyclical 9.7% Health Care 7.72% Consumer Defensive 7.68% Real Estate 5.33% Communication Services 4.3% Basic Materials 3.43% Energy 2.42% Asset Allocation
Asset Class Value Cash 2.58% Equity 91.53% Other 5.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco Global Equity Income C USD Acc
Investment Fund | -97% ₹21 Cr 18,176 Triparty Repo
CBLO/Reverse Repo | -3% ₹1 Cr Net Receivables / (Payables)
CBLO | -0% ₹0 Cr 5. DSP BlackRock US Flexible Equity Fund
CAGR/Annualized return of 15.2% since its launch. Ranked 3 in Global category. Return for 2023 was 22% , 2022 was -5.9% and 2021 was 24.2% . DSP BlackRock US Flexible Equity Fund
Growth Launch Date 3 Aug 12 NAV (23 Jul 24) ₹54.476 ↑ 0.24 (0.44 %) Net Assets (Cr) ₹909 on 30 Jun 24 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆☆ Risk High Expense Ratio 1.61 Sharpe Ratio 1.01 Information Ratio -0.38 Alpha Ratio -1.42 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 Jun 19 ₹10,000 30 Jun 20 ₹11,569 30 Jun 21 ₹16,429 30 Jun 22 ₹15,234 30 Jun 23 ₹18,507 30 Jun 24 ₹22,272 Returns for DSP BlackRock US Flexible Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jul 24 Duration Returns 1 Month 0.8% 3 Month 6.6% 6 Month 10.3% 1 Year 18.5% 3 Year 10.3% 5 Year 16.7% 10 Year 15 Year Since launch 15.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 22% 2022 -5.9% 2021 24.2% 2020 22.6% 2019 27.5% 2018 -1.1% 2017 15.5% 2016 9.8% 2015 2.5% 2014 13.1% Fund Manager information for DSP BlackRock US Flexible Equity Fund
Name Since Tenure Kedar Karnik 17 Jul 16 7.96 Yr. Laukik Bagwe 3 Aug 12 11.92 Yr. Jay Kothari 1 Mar 13 11.34 Yr. Data below for DSP BlackRock US Flexible Equity Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Technology 30.83% Health Care 15.34% Communication Services 12.86% Financial Services 12.39% Consumer Cyclical 10.37% Basic Materials 4.41% Energy 4.11% Consumer Defensive 3.08% Industrials 2.91% Real Estate 1.58% Asset Allocation
Asset Class Value Cash 2.12% Equity 97.87% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity BGF US Flexible Equity I2
Investment Fund | -99% ₹900 Cr 2,334,074 Treps / Reverse Repo Investment
CBLO/Reverse Repo | -1% ₹12 Cr Net Receivables/Payables
Net Current Assets | -0% -₹4 Cr 6. DSP BlackRock World Gold Fund
CAGR/Annualized return of 4.4% since its launch. Ranked 11 in Global category. Return for 2023 was 7% , 2022 was -7.7% and 2021 was -9% . DSP BlackRock World Gold Fund
Growth Launch Date 14 Sep 07 NAV (23 Jul 24) ₹20.5428 ↑ 0.05 (0.26 %) Net Assets (Cr) ₹878 on 30 Jun 24 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk High Expense Ratio 1.31 Sharpe Ratio 0.36 Information Ratio -0.33 Alpha Ratio -0.72 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 Jun 19 ₹10,000 30 Jun 20 ₹14,794 30 Jun 21 ₹13,775 30 Jun 22 ₹11,270 30 Jun 23 ₹12,802 30 Jun 24 ₹14,657 Returns for DSP BlackRock World Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jul 24 Duration Returns 1 Month 9.1% 3 Month 12.7% 6 Month 33.3% 1 Year 18.2% 3 Year 5.2% 5 Year 8.1% 10 Year 15 Year Since launch 4.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 7% 2022 -7.7% 2021 -9% 2020 31.4% 2019 35.1% 2018 -10.7% 2017 -4% 2016 52.7% 2015 -18.5% 2014 -3% Fund Manager information for DSP BlackRock World Gold Fund
Name Since Tenure Jay Kothari 1 Mar 13 11.34 Yr. Data below for DSP BlackRock World Gold Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Basic Materials 93.17% Asset Allocation
Asset Class Value Cash 3.2% Equity 93.4% Debt 0.01% Other 3.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity BGF World Gold I2
Investment Fund | -79% ₹693 Cr 1,915,334
↑ 16,320 VanEck Gold Miners ETF
- | GDX19% ₹162 Cr 573,719 Treps / Reverse Repo Investment
CBLO/Reverse Repo | -3% ₹25 Cr Net Receivables/Payables
Net Current Assets | -0% -₹3 Cr 7. Nippon India Japan Equity Fund
CAGR/Annualized return of 5.9% since its launch. Ranked 9 in Global category. Return for 2023 was 18.7% , 2022 was -15.3% and 2021 was 5.7% . Nippon India Japan Equity Fund
Growth Launch Date 26 Aug 14 NAV (24 Jul 24) ₹18.7314 ↓ -0.03 (-0.19 %) Net Assets (Cr) ₹287 on 30 Jun 24 Category Equity - Global AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk High Expense Ratio 2.43 Sharpe Ratio 0.26 Information Ratio -1.22 Alpha Ratio -4.25 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Jun 20 ₹9,711 30 Jun 21 ₹11,914 30 Jun 22 ₹9,611 30 Jun 23 ₹11,336 30 Jun 24 ₹12,482 Returns for Nippon India Japan Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jul 24 Duration Returns 1 Month 7.5% 3 Month 6.9% 6 Month 8.3% 1 Year 15.6% 3 Year 3.7% 5 Year 10 Year 15 Year Since launch 5.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 18.7% 2022 -15.3% 2021 5.7% 2020 2019 2018 2017 2016 2015 2014 Fund Manager information for Nippon India Japan Equity Fund
Name Since Tenure Kinjal Desai 25 May 18 6.11 Yr. Data below for Nippon India Japan Equity Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 27.77% Consumer Cyclical 16.52% Financial Services 14.14% Technology 13.56% Consumer Defensive 9.43% Communication Services 6.83% Real Estate 6.57% Basic Materials 3.35% Asset Allocation
Asset Class Value Cash 1.84% Equity 98.16% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tokio Marine Holdings Inc (Financial Services)
Equity, Since 30 Jun 22 | 87664% ₹10 Cr 33,600
↓ -5,500 Mitsubishi UFJ Financial Group Inc (Financial Services)
Equity, Since 31 Aug 14 | 83064% ₹10 Cr 114,400
↓ -2,300 Dai-ichi Life Holdings Inc (Financial Services)
Equity, Since 30 Jun 22 | 87504% ₹10 Cr 45,700
↓ -3,100 TDK Corp (Technology)
Equity, Since 30 Jun 22 | 67624% ₹10 Cr 19,900
↓ -3,900 Recruit Holdings Co Ltd (Communication Services)
Equity, Since 30 Jun 23 | 1RH3% ₹10 Cr 22,400
↓ -5,100 Toyota Motor Corp (Consumer Cyclical)
Equity, Since 31 Aug 14 | TOM3% ₹10 Cr 58,200
↑ 8,000 Hitachi Ltd (Industrials)
Equity, Since 31 Aug 14 | 65013% ₹10 Cr 53,000
↓ -17,500 Sony Group Corp (Technology)
Equity, Since 30 Jun 21 | SON13% ₹10 Cr 13,900
↑ 500 Denso Corp (Consumer Cyclical)
Equity, Since 30 Jun 22 | 69023% ₹10 Cr 75,500
↑ 11,800 Komatsu Ltd (Industrials)
Equity, Since 30 Jun 17 | 63013% ₹10 Cr 40,300
↓ -600 8. Edelweiss Europe Dynamic Equity Off-shore Fund
CAGR/Annualized return of 6.5% since its launch. Ranked 22 in Global category. Return for 2023 was 17.3% , 2022 was -6% and 2021 was 17% . Edelweiss Europe Dynamic Equity Off-shore Fund
Growth Launch Date 7 Feb 14 NAV (23 Jul 24) ₹19.369 ↑ 0.03 (0.13 %) Net Assets (Cr) ₹76 on 30 Jun 24 Category Equity - Global AMC Edelweiss Asset Management Limited Rating ☆☆☆ Risk High Expense Ratio 1.38 Sharpe Ratio 0.48 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 Jun 19 ₹10,000 30 Jun 20 ₹10,315 30 Jun 21 ₹14,258 30 Jun 22 ₹11,867 30 Jun 23 ₹15,161 30 Jun 24 ₹17,274 Returns for Edelweiss Europe Dynamic Equity Off-shore Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jul 24 Duration Returns 1 Month 2.6% 3 Month 4.4% 6 Month 13.5% 1 Year 15.3% 3 Year 7.5% 5 Year 12.1% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 17.3% 2022 -6% 2021 17% 2020 13.5% 2019 22.9% 2018 -12.2% 2017 12.5% 2016 -3.9% 2015 5.4% 2014 Fund Manager information for Edelweiss Europe Dynamic Equity Off-shore Fund
Name Since Tenure Bhavesh Jain 9 Apr 18 6.23 Yr. Bharat Lahoti 1 Oct 21 2.75 Yr. Data below for Edelweiss Europe Dynamic Equity Off-shore Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 23.52% Financial Services 17.58% Energy 11.72% Consumer Cyclical 10.6% Health Care 8.74% Consumer Defensive 8.35% Basic Materials 7.66% Communication Services 6.57% Technology 4.33% Utility 2.27% Real Estate 0.13% Asset Allocation
Asset Class Value Equity 101.46% Debt 0.03% Other 1.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity JPM Europe Dynamic I (acc) EUR
Investment Fund | -106% ₹81 Cr 191,976 Net Receivables/(Payables)
CBLO | -6% -₹5 Cr Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -1% ₹0 Cr Accrued Interest
CBLO | -0% ₹0 Cr
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.
Talk to our investment specialist
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.