Mirae Asset NYSE FANG+ETF FoF leads overseas fund-of-funds mutual funds in one-month returns; delivers 2.8% gain
Mirae Asset NYSE FANG+ETF FoF delivered 2.8% returns over the last one month and 43.2% CAGR over three years, according to ACE MF data on August 4.
Moneycontrol Desk
August 05, 2026 / 11:28 IST
Among overseas fund-of-funds mutual funds that meet the screen used for this ranking, Mirae Asset NYSE FANG+ETF FoF is at the top on one-month returns. The fund delivered 2.8 percent, ahead of Axis Global Equity Alpha FoF at 1.5 percent and Franklin U.S. Opportunities Equity Active FOF at 1.3 percent, according to ACE MF data on August 4.
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 6,080.7 crore.
The benchmark comparison is also important. Mirae Asset NYSE FANG+ETF FoF was ahead of its benchmark by 2.8 percentage points on a one-month basis, with the benchmark returning 0.0%. It was also ahead of its benchmark by 18.6 percentage points on a one-year basis, with the benchmark returning 4.4%.
The six-month ranking gives a different reading. Franklin U.S. Opportunities Equity Active FOF is ahead on this measure with a return of 18.7 percent.
The one-year ranking gives a different reading. Axis Greater China Equity FoF is ahead on this measure with a return of 34.4 percent.
The three-year return table also has Mirae Asset NYSE FANG+ETF FoF in front, with the fund delivering 43.2 percent.
The variation across return windows shows why rankings can look different depending on the period being considered. A short-term leader may not always be the same as the fund that has done well over a longer horizon.
Table: Top 5 overseas fund-of-funds funds by one-month return
| Fund name | 1-month return (%) | AUM (Rs crore) | 3-month return (%) | 6-month return (%) | 1-year return (%) | 3-year return (%) |
|---|---|---|---|---|---|---|
| Mirae Asset NYSE FANG+ETF FoF | 2.8 | 2,388.5 | 6.8 | 16.6 | 23.0 | 43.2 |
| Axis Global Equity Alpha FoF | 1.5 | 2,378.0 | 3.3 | 9.2 | 23.8 | 22.0 |
| Franklin U.S. Opportunities Equity Active FOF | 1.3 | 6,080.7 | 5.2 | 18.7 | 18.0 | 21.6 |
| HDFC Developed World Overseas Equity Passive FOF | 0.8 | 1,671.9 | 5.8 | 13.6 | 30.7 | 24.0 |
| Axis Greater China Equity FoF | -1.9 | 3,851.8 | -2.2 | 6.7 | 34.4 | 16.8 |
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 4. 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.