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 are the same as domestic mutual funds in India but they invest in global companies, many of whom 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 these funds like they invest in domestic funds. Mirae Asset NYSE FANG+ ETF FoF, Edelweiss US Technology Equity FoF DirGr, and Franklin Ind Feeder-Frank US Opp are some of the top international mutual funds in the last one year. In this write-up, know more about the top 5 international mutual funds in the last one year, and how much return they have given on a Rs 1 lakh lump sum investment in each.
)
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 price on March 28, 2024). Now think of it from global perspective! Have you ever thought of buying Facebook, Amazon, Netflix, Google or Meta stocks? Well! You may buy them but they will cost you a bomb. But if you get access to a number of those stocks indirectly, a number of you would love to grab them. But how?
That can be done through international mutual funds.
ALSO READ | SIP+SWP: Start with 5K SIP and then get Rs 93.80K pension for 30 years; know calculations
International mutual funds are the same as domestic mutual funds in India but they invest their corpus 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 in the same way as they invest in domestic mutual funds.
In this write-up, know the 5 best performing international mutual funds in the last one year, and how much return each of them has given with a Rs 1 lakh lump sum investment.
Mirae Asset NYSE FANG+ ETF FoF
The fund launched in May 2021 has given a 76.35 per cent return in the last one year.
The fund has assets under management (AUM) of Rs 1379.34 crore and a net asset value (NAV) of Rs 18.34.
The fund's expense ratio is 0.04 per cent against the category average 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 the 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 the Russell 3000 Growth Index.
The fund's AUM is Rs 3567.84 crore, while its NAV stands at Rs 64.5385.
ALSO READ | How NPS investment can help you pay zero tax on Rs 10 lakh salary; examples included
The fund that was launched in February 2012 has an expense ratio of 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 the NAV size is Rs 16.697.
The fund's expense ratio is 0.25 per cent against the category average ratio of 0.54 per cent.
The fund is benchmarked against the Indxx Artificial Intelligence & Big Data Index TRI.
A Rs 1 lakh investment in the fund would have given over Rs 1.48 lakh now.
Bandhan US Equity FOF
The fund has given a return of 48.1 per cent against the category average of 21.83 per cent in the last one year.
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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
12:07 PM IST
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Small SIP, Big Impact: Rs 2,100 monthly SIP for 40 years or Rs 5,100 for 20 years, which do you think works better?
From Rs 20,000 Monthly SIP to Rs 14 Crore Corpus: How many years it can take to reach that goal; by what age one can attain that stage
Top 4 SBI mutual funds that have converted Rs 13,100 monthly SIP investment into at least Rs 50 lakh in 10 years
Power of Compounding: With Rs 25,000/month salary, possible to create Rs 2.6 crore corpus? These calculations may surprise you