5 International Mutual Funds with Highest Returns in 1 year: Rs 1 lakh investment has turned into Rs 1.77 lakh in this fund
International Mutual Funds: What is the benefit of investing in a mutual fund? You get access to a number of stocks that you can’t buy directly. Even if you have invested Rs 500 in a SIP, there are chances that in its portfolio, your fund has the costliest stock in India- MRF at Rs 133,293.95 (closing date March 28, 2024). What if you ever think of buying Facebook, Amazon, Netflix, Google or Meta stocks. Well! You may buy them but it will cost you a bomb. But if you get access to a number of them indirectly, a number of you would love to grab them. But how?
That’s the purpose of international mutual fund.
International mutual funds are the same as domestic mutual funds in India but they invest in global companies, many of them are giant in their own right.
International mutual fund schemes are run by a number of Indian mutual fund players.
Indian investors can invest in international mutual funds like they invest in domestic funds.
In this write-up, know the top 7 international mutual funds in the last one year and how much return they would give with a Rs 1 lakh lump sum investment.
Mirae Asset NYSE FANG+ ETF FoF
The fund launched in May 2021 has given 76.35 per cent returns in the last year to take the honours.
The fund has assets under management (AUM) of Rs 1379.34 crore and the net asset value (NAV) of Rs 18.34.
The fund’s expense ratio is 0.04 per cent against the category ratio of 0.38 per cent.
Its benchmark is NYSE FANG+ TRI. Rs 1 lakh lump sum invested in the fund one year ago has turned into Rs 1.77 lakh.
Edelweiss US Technology Equity FoF DirGr
The fund is the second position is slightly behind the Mirae fund with 75.66 per cent return against the category return of 39.49 per cent in the last one year.
The fund’s AUM is Rs 2276.42 crore, while its NAV is Rs 23.5441.
The fund’s expense ratio is 1.46 per cent against the category average of 0.38 per cent.
The fund is benchmarked against Russel 1000 Equal Weighted Technology Index.
A Rs 1 lakh investment in the fund one year ago has become Rs 1.76 lakh.
Franklin Ind Feeder-Frank US Opp
The fund at No. 3 has given 49.84 per cent return in the last one year against the category average of 21.83 per cent.
It has its benchmark as Russell 3000 Growth Index.
The fund’s AUM is Rs 3567.84 crore while its NAV stands at Rs 64.5385.
The fund that was launched in February 2012 has an expense ratio is 1.52 per cent against the category average of 1.08 per cent.
A Rs 1 lakh investment in the fund a year before has swelled to Rs 1.50 lakh in the current date.
Mirae Ast Glb X Art Int&Tch ETF FoF
This fund from Mirae has given a return of 48.30 per cent against the category average of 22.78 per cent in the one year.
Its AUM is Rs 302.28 crore while NAV is Rs 16.697.
The fund’s expense ratio is 0.25 per cent against the category average of 0.54 per cent.
The fund is benchmarked against Indxx Artificial Intelligence & Big Data Index TRI.
A Rs 1 lakh investment in the fund would have given over Rs 1.48 lakh.
Bandhan US Equity FOF
The fund has given a return of 48.1 per cent in the last one year against the category average of 21.83 per cent.
The fund from IDFC Mutual Fund has AUM of Rs 298.23 crore and NAV of Rs 13.13.
The fund that was started in August 2021 has its benchmark as Russell 1000 TRI.
The fund’s expense ratio of 1.57 per cent is higher than category average of 1.08 per cent.
A Rs 1 lakh investment in the fund a year ago has become over Rs 1.48 lakh.