In the modern financial landscape, building a robust portfolio is essential. Along with adding companies from various sectors and industries, many investors are also branching out by investing internationally.
Investing in companies from around the world can give you global exposure; however, investors often face challenges when investing in them directly. Through international mutual funds, investors can easily invest in global companies and reap the benefits.
An international mutual fund is an investment vehicle that pools money from multiple investors and invests it in securities worldwide, such as stocks, bonds, and other asset classes. Depending on the fund, its managers may allocate funds to different asset classes. Some funds also focus on specific countries, regions, or global sectors.
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| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|
ICICI Prudential NASDAQ 100 Index Fund | Equity | Very High | 20.53 | 0.62 | 26.4% | 31.1% | NA | -- | ₹2,620 | - |
Edelweiss US Technology Equity FoF Direct - Growth | Equity | Very High | 34.08 | 0.73 | 11.8% | 30.5% | 12.7% | -- | ₹3,640 | Exit load of 1%, if redeemed within 90 days. |
ICICI Prudential Strategic Metal and Energy Equity FoF Direct - Growth | Equity | Very High | 26.90 | 0.7 | 69.6% | 25.6% | NA | -- | ₹128 | Exit load of 1% if redeemed within 1 year. |
Aditya Birla Sun Life Global Excellence Equity FoF Direct-Growth | Equity | Very High | 42.42 | 0.68 | 17.7% | 23.5% | 16.2% | -- | ₹197 | Exit load of 0.25%, if redeemed within 28 days. |
Edelweiss Europe Dynamic Equity Offshore Fund | Equity | Very High | 32.57 | 0.58 | 49.2% | 22.6% | 17.8% | -- | ₹196 | Exit load of 1%, if redeemed within 90 days. |
Franklin U.S. Opportunities Equity Active FoF Direct-Growth | Equity | Very High | 92.53 | 0.63 | 8.2% | 22.2% | 10.7% | -- | ₹4,465 | Exit load of 1% if redeemed within one year. |
Axis Global Equity Alpha FoF Direct-Growth | Equity | Very High | 23.99 | 0.83 | 22.4% | 21.5% | 16.8% | -- | ₹1,440 | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days. See more |
Axis Global Innovation FoF Direct-Growth | Equity | Very High | 16.97 | 0.84 | 16.5% | 20.6% | NA | -- | ₹649 | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. See more |
Kotak Global Innovation Overseas Equity Omni FoF Direct - Growth | Equity | Very High | 13.69 | 0.49 | 20.4% | 20.5% | NA | -- | ₹557 | Exit load of 1% if redeemed within 1 year. |
Kotak Global Innovation FoF Fund | Equity | Very High | NA | - | 16.6% | 20.0% | NA | -- | ₹523 | - |
Kotak Global Emerging Market Overseas Equity Omni FoF Direct-Growth | Equity | Very High | 36.57 | 1.04 | 48.0% | 18.4% | 7.5% | -- | ₹256 | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days See more |
Edelweiss Emerging Markets Opportunities Equity Offshore Fund | Equity | Very High | 25.50 | 0.56 | 51.6% | 17.8% | 5.5% | -- | ₹168 | Exit load of 1%, if redeemed within 90 days. |
Aditya Birla Sun Life International Equity Fund | Equity | Very High | 52.92 | 2.06 | 32.8% | 16.5% | 13.4% | -- | ₹275 | Exit load of 1%, if redeemed within 30 days. |
Aditya Birla Sun Life Global Emerging Opportunities Fund | Equity | Very High | 30.84 | 0.61 | 10.5% | 15.7% | 10.8% | -- | ₹252 | Exit load of 0.25%, if redeemed within 28 days. |
ICICI Prudential US Bluechip Equity Direct Plan-Growth | Equity | Very High | 84.10 | 1.16 | 16.9% | 15.0% | 15.5% | -- | ₹3,521 | Exit load of 1% if redeemed within 1 month. |
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International mutual funds can be a suitable investment avenue for:
Investing Risks
Similar to any other investment, it is vital for an investor to consider the risks of investing in a particular asset. Funds that are focused more on equity investments carry higher risk. The value of equity investments is influenced by numerous factors, which are further exaggerated in the global context.
Currency Fluctuations
An international investment is highly sensitive to currency fluctuations. As an investor, you should be aware that changes in foreign exchange rates can affect your returns.
Costs and Tax Implications
Before investing in an international mutual fund, one must consider the associated costs. Expense ratios and other fees can be higher than those of domestic funds. Further, an investor should know how gains from international mutual funds are taxed.
Nature of Fund
International mutual funds can take various forms. As an investor, it is crucial to evaluate the fund's nature, investment strategy, and asset allocation. Knowing the risks associated with specific countries, regions, or sectors is vital.
Diversification
The primary benefit of an international mutual fund is that it allows investors to diversify across borders. Through an international mutual fund, an investor can gain exposure to companies and securities worldwide. Building a robust and diverse portfolio also helps spread risk across global markets.
Potential for Higher Returns
Investing in an international mutual fund can potentially lead to higher returns, as investors can tap into the growth of companies and economies worldwide.
Domestic Hedge
An international mutual fund can also be used to hedge your portfolio against economic downturns or underperformance in the domestic market. This provides more stability to investors.
There are some key risks associated with international mutual funds. As an investor, it is important to be aware of them before making an investment decision.
Currency Risks
Fluctuations in currency rates can affect overall returns or amplify your losses. Foreign exchange rates significantly impact international investments.
Geopolitical Risks
Geopolitical risks such as political instability, armed conflict, or trade barriers can severely impact international investments. Geopolitical factors can affect specific countries and have a broader global impact.
Economic and Regulatory Risks
International investments are affected by global economic conditions, such as slowdowns, recessions, and financial crises. Further, changes in regulations for specific sectors, trader restrictions, taxes, or investment policies can also impact the performance of international mutual funds.
International mutual funds that hold less than 35% Indian securities are classified as specified mutual funds. Gains on these funds are taxed at the applicable tax rate under Section 50AA, irrespective of the holding period of the investment.
If the mutual fund is not classified as a specified mutual fund:
Dividend income from international mutual funds is treated as income from other sources and is taxed at the applicable tax rate.
When tax is deducted in a foreign country, investors can claim a foreign tax credit under a double taxation avoidance agreement (DTAA) between the domestic and foreign countries.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The ICICI Prudential NASDAQ 100 Index Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential NASDAQ 100 Index Fund via lump sum is ₹1,000 and via SIP is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹2,620Cr |
| 1Y Returns | 26.4% |
Fund Performance: The Edelweiss US Technology Equity FoF Direct - Growth has given 30.52% annualized returns in the past three years and 12.71% in the last 5 years. The Edelweiss US Technology Equity FoF Direct - Growth comes under the Equity category of Edelweiss Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Edelweiss US Technology Equity FoF Direct - Growth via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹3,640Cr |
| 1Y Returns | 11.8% |
Fund Performance: The ICICI Prudential Strategic Metal and Energy Equity FoF Direct - Growth comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Strategic Metal and Energy Equity FoF Direct - Growth via lump sum is ₹1,000 and via SIP is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹128Cr |
| 1Y Returns | 69.6% |
Fund Performance: The Aditya Birla Sun Life Global Excellence Equity FoF Direct-Growth has given 23.5% annualized returns in the past three years and 16.22% in the last 5 years. The Aditya Birla Sun Life Global Excellence Equity FoF Direct-Growth comes under the Equity category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Global Excellence Equity FoF Direct-Growth via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹197Cr |
| 1Y Returns | 17.7% |
Fund Performance: The Edelweiss Europe Dynamic Equity Offshore Fund has given 22.59% annualized returns in the past three years and 17.75% in the last 5 years. The Edelweiss Europe Dynamic Equity Offshore Fund comes under the Equity category of Edelweiss Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Edelweiss Europe Dynamic Equity Offshore Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹196Cr |
| 1Y Returns | 49.2% |
Fund Performance: The Franklin U.S. Opportunities Equity Active FoF Direct-Growth has given 22.21% annualized returns in the past three years and 10.69% in the last 5 years. The Franklin U.S. Opportunities Equity Active FoF Direct-Growth comes under the Equity category of Franklin Templeton Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Franklin U.S. Opportunities Equity Active FoF Direct-Growth via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,465Cr |
| 1Y Returns | 8.2% |
Fund Performance: The Axis Global Equity Alpha FoF Direct-Growth has given 21.5% annualized returns in the past three years and 16.76% in the last 5 years. The Axis Global Equity Alpha FoF Direct-Growth comes under the Equity category of Axis Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Axis Global Equity Alpha FoF Direct-Growth via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹1,440Cr |
| 1Y Returns | 22.4% |
Fund Performance: The Axis Global Innovation FoF Direct-Growth comes under the Equity category of Axis Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Axis Global Innovation FoF Direct-Growth via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹649Cr |
| 1Y Returns | 16.5% |
Fund Performance: The Kotak Global Innovation Overseas Equity Omni FoF Direct - Growth comes under the Equity category of Kotak Mahindra Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Kotak Global Innovation Overseas Equity Omni FoF Direct - Growth via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹557Cr |
| 1Y Returns | 20.4% |
Fund Performance: The Kotak Global Innovation FoF Fund comes under the Equity category of Kotak Mahindra Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Kotak Global Innovation FoF Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹523Cr |
| 1Y Returns | 16.6% |
Fund Performance: The Kotak Global Emerging Market Overseas Equity Omni FoF Direct-Growth has given 18.35% annualized returns in the past three years and 7.46% in the last 5 years. The Kotak Global Emerging Market Overseas Equity Omni FoF Direct-Growth comes under the Equity category of Kotak Mahindra Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Kotak Global Emerging Market Overseas Equity Omni FoF Direct-Growth via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹256Cr |
| 1Y Returns | 48.0% |
Fund Performance: The Edelweiss Emerging Markets Opportunities Equity Offshore Fund has given 17.82% annualized returns in the past three years and 5.49% in the last 5 years. The Edelweiss Emerging Markets Opportunities Equity Offshore Fund comes under the Equity category of Edelweiss Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Edelweiss Emerging Markets Opportunities Equity Offshore Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹168Cr |
| 1Y Returns | 51.6% |
Fund Performance: The Aditya Birla Sun Life International Equity Fund has given 16.48% annualized returns in the past three years and 13.4% in the last 5 years. The Aditya Birla Sun Life International Equity Fund comes under the Equity category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life International Equity Fund via lump sum is ₹1,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹275Cr |
| 1Y Returns | 32.8% |
Fund Performance: The Aditya Birla Sun Life Global Emerging Opportunities Fund has given 15.69% annualized returns in the past three years and 10.75% in the last 5 years. The Aditya Birla Sun Life Global Emerging Opportunities Fund comes under the Equity category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Global Emerging Opportunities Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹252Cr |
| 1Y Returns | 10.5% |
Fund Performance: The ICICI Prudential US Bluechip Equity Direct Plan-Growth has given 15.04% annualized returns in the past three years and 15.47% in the last 5 years. The ICICI Prudential US Bluechip Equity Direct Plan-Growth comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential US Bluechip Equity Direct Plan-Growth via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹3,521Cr |
| 1Y Returns | 16.9% |
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