Mirae Asset NYSE FANG+ETF FoF leads overseas fund-of-funds mutual funds in three-month returns; delivers 10.2% gain
Mirae Asset NYSE FANG+ETF FoF delivered 10.2% returns over the last three months and 46.2% CAGR over three years, according to ACE MF data on August 9.
Moneycontrol Desk
August 10, 2026 / 11:53 IST
Mirae Asset NYSE FANG+ETF FoF currently leads the overseas fund-of-funds mutual fund category with a three-month return of 10.2 percent. It is followed by Axis Global Equity Alpha FoF and HDFC Developed World Overseas Equity Passive FOF, which delivered returns of 6.1 percent and 5.4 percent, respectively, over the same period, according to ACE MF data on August 9.
The ranking considers only schemes with assets under management of at least Rs 1,500 crore. Among the top five funds that meet this criterion, Motilal Oswal Nasdaq 100 FOF has the largest corpus at Rs 7,708.0 crore.
The benchmark comparison is also important. Mirae Asset NYSE FANG+ETF FoF was ahead of its benchmark by 28.2 percentage points on a one-year basis, with the benchmark returning 4.4%. It was also ahead of its benchmark by 29.4 percentage points on a three-year basis, with the benchmark returning 16.8%.
The six-month ranking gives a different reading. Motilal Oswal Nasdaq 100 FOF is ahead on this measure with a return of 44.2 percent.
A different fund moves to the top when the one-year window is used. Motilal Oswal Nasdaq 100 FOF leads this comparison with 61.6 percent.
The lead does not change on a three-year basis either. Mirae Asset NYSE FANG+ETF FoF also tops this comparison with a return of 46.2 percent.
Looking at more than one return period gives investors a fuller picture. The top performer in a recent window may differ from the fund that has delivered stronger longer-term returns.
Table: Top 5 overseas fund-of-funds funds by three-month return
| Fund name | 3-month return (%) | AUM (Rs crore) | 1-month return (%) | 6-month return (%) | 1-year return (%) | 3-year return (%) |
|---|---|---|---|---|---|---|
| Mirae Asset NYSE FANG+ETF FoF | 10.2 | 2,388.5 | 7.5 | 31.0 | 32.6 | 46.2 |
| Axis Global Equity Alpha FoF | 6.1 | 2,419.9 | 5.1 | 15.1 | 25.5 | 23.1 |
| HDFC Developed World Overseas Equity Passive FOF | 5.4 | 1,682.1 | 2.1 | 17.5 | 32.8 | 24.5 |
| Motilal Oswal Nasdaq 100 FOF | 5.2 | 7,708.0 | 0.5 | 44.2 | 61.6 | 37.6 |
| Franklin U.S. Opportunities Equity Active FOF | 4.8 | 5,799.8 | 2.1 | 17.7 | 18.6 | 21.4 |
Note: The ranking considers only schemes with minimum assets under management of Rs 1,500 crore. Returns and AUM are according to ACE MF data on August 9. One-year and three-year returns are CAGR; one-month, three-month and six-month returns are absolute returns. AUM is in Rs crore.
What is an overseas fund-of-funds fund?
Funds in the fofs (overseas) category should be assessed against schemes with similar investment mandates. Return comparisons across unrelated categories may not be meaningful because risk, asset allocation and portfolio strategy can differ sharply.