Mirae Asset NYSE FANG+ETF FoF leads overseas fund-of-funds mutual funds in three-month returns; delivers 8.4% gain
Mirae Asset NYSE FANG+ETF FoF delivered 8.4% returns over the last three months and 48.2% CAGR over three years, according to ACE MF data on August 12.
Moneycontrol Desk
August 13, 2026 / 14:50 IST
Mirae Asset NYSE FANG+ETF FoF currently leads the overseas fund-of-funds mutual fund category with a three-month return of 8.4 percent. It is followed by Axis Global Equity Alpha FoF and HDFC Developed World Overseas Equity Passive FOF, which delivered returns of 7.7 percent and 5.3 percent, respectively, over the same period, according to ACE MF data on August 12.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, Franklin U.S. Opportunities Equity Active FOF has the largest corpus at Rs 5,799.8 crore.The benchmark comparison is also important. Mirae Asset NYSE FANG+ETF FoF was ahead of its benchmark by 26.7 percentage points on a one-year basis, with the benchmark returning 4.4%. It was also ahead of its benchmark by 31.3 percentage points on a three-year basis, with the benchmark returning 16.8%.There is no change at the top when the six-month window is considered. Mirae Asset NYSE FANG+ETF FoF remains ahead with 32.1 percent.A different fund moves to the top when the one-year window is used. Kotak US Specific Equity Passive FOF leads this comparison with 35.7 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 48.2 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 returnTop 5 overseas fund-of-funds funds by three-month returnFund name3-month return (%)AUM (Rs crore)1-month return (%)6-month return (%)1-year return (%)3-year return (%)Mirae Asset NYSE FANG+ETF FoF8.42,404.97.532.131.148.2Axis Global Equity Alpha FoF7.72,419.95.912.926.423.7HDFC Developed World Overseas Equity Passive FOF5.31,682.13.115.832.725.3Franklin U.S. Opportunities Equity Active FOF3.65,799.80.720.118.322.3Kotak US Specific Equity Passive FOF3.04,289.5-0.026.235.731.2Note: 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 12. 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.