International Funds are dominating the returns chart!
5paisa Research Team
13th December 2022 - 10:34 pm
In the last one week, the Indian equity market remained the worst-performing market globally. Hence, the funds dedicated to the international market remained the best performing funds.
The Indian equity market represented by Nifty 50, after touching a recent high of 18,604 on October 19, has come down by almost 4%. In last one week, it is down by 1.5%. This is also being reflected in the performance of equity dedicated funds. In the same period equity dedicated fund is down by on an average 1.4%.
In the same period, however, the fund dedicated to the international fund has generated returns in excess of 2%. This is especially true for funds dedicated to tech-heavy Nasdaq 100. Even the categories such as commodities and real estate that are the direct beneficiary of rising inflation have appeared in the top-performing funds.
Following is the list of the top 10 funds that performed best in the last one week.
|
Fund Name |
Point to Point Returns (%) |
Category |
Expense Ratio (%) |
Net Assets (Cr) |
|
Kotak Nasdaq 100 FOF - Direct Plan |
2.21 |
EQ-INTL |
0.27 |
582.00 |
|
HSBC Global Equity Climate Change FoF - Direct Plan |
2.10 |
EQ-INTL |
1.33 |
594.00 |
|
Mirae Asset S&P 500 Top 50 ETF |
1.88 |
EQ-INTL |
0.46 |
286.00 |
|
Motilal Oswal Nasdaq 100 FOF - Direct Plan |
1.80 |
EQ-INTL |
0.10 |
3,623 |
|
Nippon India Japan Equity Fund - Direct Plan |
1.64 |
EQ-INTL |
1.33 |
228.00 |
|
DSP World Gold Fund - Direct Plan |
1.59 |
EQ-INTL |
1.75 |
807.00 |
|
Motilal Oswal NASDAQ 100 Exchange Traded Fund |
1.53 |
EQ-INTL |
0.56 |
5,152 |
|
PGIM India Global Equity Opportunities Fund - Direct Plan |
1.27 |
EQ-INTL |
1.40 |
1,518 |
|
SBI International Access - US Equity FoF - Direct Plan |
1.21 |
EQ-INTL |
0.76 |
968.00 |
|
Kotak International REIT FOF - Direct Plan |
1.09 |
EQ-INTL |
0.40 |
193.00 |
This does not mean that you should increase exposure towards international funds. They should be essentially used for diversifying your investments.
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Tanushree Jaiswal
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