Best Performing International Funds.
5paisa Research Team
29th October 2021 - 02:41 pm
Best Performing International Funds.
At the end of August 2021, international funds have a combined asset under management (AUM) of approximately Rs 26000 crore.
In the last one year there has been a fad of investing in international funds under the pretext of diversification. There are almost 45 Fund of Funds (FOF) in India that invest in international markets. At the end of August 2021, they have a combined asset under management (AUM) of approximately Rs 26000 crore. The interesting part is that in the last couple of months there has been an increase in inflows in China dedicated funds despite their bad performance. Since last October, Chinese authorities have started a regulatory crackdown in some of the tech giants of China, which has seriously impacted returns of the fund that invest in the Chinese market.
Two funds Axis Greater China Equity fund and Edelweiss Greater China Equity Off-shore Fund has seen their AUM growing tremendously in the last few months despite its net asset value (NAV) giving negative returns.
The last one month has not been very good for any international funds. Except for a couple of them, all the 39 international FOFs have given negative returns. Compare this with Nifty 50, which has given a return of 1.2% in the same period. Even in the last year the Indian equity market and funds dedicated to the Indian equity market on average have generated better returns than the international funds.
So, you can apportion some part of your portfolio towards international funds, however, the majority should go to equity dedicated funds at least for now.
In the following table, we are giving you the top 10 International FOFs based on last one year returns.
|
Funds |
Fund Manager |
AUM(in Rs. cr) |
Expense Ratio (%) |
Benchmark Index |
NAV (Rs) |
Return (%)1 mo |
Return (%)3 mo |
Return (%)6 mo |
Return (%)1 yr |
|
DSP World Energy Fund-Reg(G) |
Jay Kothari |
145.8 |
2.05 |
MSCI World |
16.85 |
3.23 |
1.59 |
10.68 |
49.83 |
|
Principal Global Opportunities Fund(G) |
Rajat Jain |
37.5 |
1.35 |
MSCI All Country World Small Cap Index |
45.78 |
-2.14 |
-0.8 |
6.44 |
41.96 |
|
Edelweiss US Value Equity Offshore Fund-Reg(G) |
Bhavesh Jain |
74.4 |
2.38 |
Russell 1000 Index |
22.48 |
-1.23 |
-1.6 |
5.71 |
34.94 |
|
Invesco India Feeder - Invesco Pan European Equity Fund-Reg(G) |
Neelesh Dhamnaskar |
27.9 |
0.67 |
MSCI Europe Index (Total Return Net) |
12.88 |
-4.14 |
-3.06 |
3.5 |
33.84 |
|
Invesco India Feeder - Invesco Global Equity Income Fund(G) |
Neelesh Dhamnaskar |
10 |
1.14 |
MSCI World Index-Net Dividend |
16.88 |
-3.57 |
-3.19 |
4.41 |
32.54 |
|
Edelweiss US Technology Equity FOF-Reg(G) |
Bhavesh Jain |
1888 |
2.35 |
Russell 1000 Equal Weighted Technology Index |
18.73 |
-4.1 |
-3.22 |
3.69 |
30.85 |
|
DSP US Flexible Equity Fund-Reg(G) |
Laukik Bagwe |
604.2 |
2.47 |
Russell 1000 Index |
39.49 |
-1.48 |
-0.53 |
7.49 |
30.82 |
|
Edelweiss Eur Dynamic Equity Off-shr Fund-Reg(G) |
Bhavesh Jain |
110.9 |
2.37 |
MSCI Europe Index (Total Return Net) |
14.92 |
-4.35 |
-3.37 |
3.91 |
30.73 |
|
Aditya Birla SL Global Excellence Equity FoF(G) |
Vinod Narayan Bhat |
119.9 |
1.32 |
MSCI World |
22.8 |
-5.39 |
-0.79 |
11.95 |
28.5 |
|
Motilal Oswal Nasdaq 100 FOF-Reg(G) |
Swapnil P Mayekar |
3631.5 |
0.5 |
Nasdaq-100 |
22.74 |
-4.92 |
-0.01 |
12.43 |
28.19 |
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