8 Best International Mutual Funds to Invest in 2024 | Fincash.com

Table of Contents

Background of International Mutual Funds in India
- Master-Feeder Structure of International Mutual Funds
How to Pick an International Mutual Fund?
Best International Mutual Funds to Invest in FY 24 - 25
Types of International Mutual Funds
Why to Invest in International Mutual Funds?
Taxation of International Mutual Funds
How to Invest in International Mutual Fund Online?
FAQs
Top 8 Equity - Global Funds

8 Best International Mutual Funds 2024

Updated on November 18, 2024 , 182820 views

International Mutual Funds are funds that invest in foreign markets except for the investor’s country of residence. On the other hand, global fund invest in foreign markets as well as the investor’s country of residence. International Mutual Funds are also known as “foreign fund” and are a form of the ‘fund of funds’ strategy.

International Mutual Funds have become an attractive investment option for investors in the past few years due to the volatile local markets and an Economy going through its ups and downs.

Background of International Mutual Funds in India

With the permission of Reserve Bank of India (RBI), International Mutual Funds opened up in India in 2007. Each fund is allowed to get a corpus of USD 500 million.

Master-Feeder Structure of International Mutual Funds

International Mutual Funds follow a master-feeder structure. A master-feeder structure is a three-tier structure where investors place their money in the feeder fund which then invests in the master fund. The master fund then invests the money in the Market. A feeder fund is based on-shore i.e. in India, whereas, the master fund is based off-shore (in a foreign geography like Luxembourg etc).

A master fund can have multiple feeder funds. For example,

How to Pick an International Mutual Fund?

There are certain things to be kept in mind while choosing a suitable fund.

Best International Mutual Funds to Invest in FY 24 - 25

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Franklin India Feeder - Franklin U S Opportunities Fund Growth	₹72.2505 ↑ 0.82	₹3,514	500	5.9	11.8	35.4	4.9	16.3	37.9
DSP BlackRock World Gold Fund Growth	₹21.3155 ↑ 0.13	₹1,120	500	-1.5	7	33.9	4.3	9.5	7
Nippon India US Equity Opportunites Fund Growth	₹33.4707 ↓ 0.00	₹679	100	6.3	7.8	27	8.1	14.4	32.4
Principal Global Opportunities Fund Growth	₹47.4362 ↓ -0.04	₹38	2,000	2.9	3.1	25.8	24.8	16.5
Invesco India Feeder- Invesco Global Equity Income Fund Growth	₹25.7535 ↓ -0.04	₹25	500	1.9	5.2	22.4	12.3	13.3	27
ICICI Prudential US Bluechip Equity Fund Growth	₹62.31 ↓ -0.11	₹3,221	100	0.9	4.3	21.4	10.2	14.8	30.6
DSP BlackRock US Flexible Equity Fund Growth	₹55.2554 ↓ -0.11	₹853	500	1.1	3	20.6	9.7	15.1	22
Edelweiss ASEAN Equity Off-shore Fund Growth	₹28.042 ↑ 0.25	₹94	1,000	5.8	11.8	20.1	4.7	5.3	-1.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 24

*Funds having net assets of 10 crore of more and sorted on last one year return.

1. Franklin India Feeder - Franklin U S Opportunities Fund

The Fund seeks to provide capital appreciation by investing predominantly in units of Franklin U. S. Opportunities Fund, an overseas Franklin Templeton mutual fund, which primarily invests in securities in the United States of America.

Franklin India Feeder - Franklin U S Opportunities Fund is a Equity - Global fund was launched on 6 Feb 12. It is a fund with High risk and has given a CAGR/Annualized return of 16.7% since its launch. Ranked 6 in Global category. Return for 2023 was 37.9% , 2022 was -30.3% and 2021 was 17.9% .

Below is the key information for Franklin India Feeder - Franklin U S Opportunities Fund

Franklin India Feeder - Franklin U S Opportunities Fund Growth
Launch Date	6 Feb 12
NAV (19 Nov 24)	₹72.2505 ↑ 0.82 (1.14 %)
Net Assets (Cr)	₹3,514 on 31 Oct 24
Category	Equity - Global
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆☆
Risk	High
Expense Ratio	1.52
Sharpe Ratio	1.87
Information Ratio	-1.97
Alpha Ratio	-5.52
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-3 Years (1%),3 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹13,847
31 Oct 21	₹18,965
31 Oct 22	₹13,165
31 Oct 23	₹14,888
31 Oct 24	₹21,350

Franklin India Feeder - Franklin U S Opportunities Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for Franklin India Feeder - Franklin U S Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	0.6%
3 Month	5.9%
6 Month	11.8%
1 Year	35.4%
3 Year	4.9%
5 Year	16.3%
10 Year
15 Year
Since launch	16.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	37.9%
2022	-30.3%
2021	17.9%
2020	45.2%
2019	34.2%
2018	6.5%
2017	18.1%
2016	-0.8%
2015	8.8%
2014	8.4%

Fund Manager information for Franklin India Feeder - Franklin U S Opportunities Fund

Name	Since	Tenure
Sandeep Manam	18 Oct 21	3.04 Yr.

Data below for Franklin India Feeder - Franklin U S Opportunities Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Technology	41.12%
Health Care	13.91%
Consumer Cyclical	10.57%
Communication Services	10.35%
Financial Services	7.73%
Industrials	7.06%
Basic Materials	2.37%
Consumer Defensive	2.05%
Real Estate	0.54%

Asset Allocation

Asset Class	Value
Cash	0.78%
Equity	98.27%
Other	0.39%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Franklin US Opportunities I(acc)USD Investment Fund \| -	99%	₹3,535 Cr	4,466,165 ↓ -61,712
Call, Cash & Other Assets CBLO \| -	1%	₹30 Cr

2. DSP BlackRock World Gold Fund

"The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of MLIIF - WGF. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized."

DSP BlackRock World Gold Fund is a Equity - Global fund was launched on 14 Sep 07. It is a fund with High risk and has given a CAGR/Annualized return of 4.5% since its launch. Ranked 11 in Global category. Return for 2023 was 7% , 2022 was -7.7% and 2021 was -9% .

Below is the key information for DSP BlackRock World Gold Fund

DSP BlackRock World Gold Fund Growth
Launch Date	14 Sep 07
NAV (19 Nov 24)	₹21.3155 ↑ 0.13 (0.62 %)
Net Assets (Cr)	₹1,120 on 31 Oct 24
Category	Equity - Global
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆
Risk	High
Expense Ratio	1.35
Sharpe Ratio	1.24
Information Ratio	-0.57
Alpha Ratio	2.15
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹14,050
31 Oct 21	₹12,675
31 Oct 22	₹9,745
31 Oct 23	₹11,513
31 Oct 24	₹16,462

DSP BlackRock World Gold Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 Invest Now

Returns for DSP BlackRock World Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-10.5%
3 Month	-1.5%
6 Month	7%
1 Year	33.9%
3 Year	4.3%
5 Year	9.5%
10 Year
15 Year
Since launch	4.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	7%
2022	-7.7%
2021	-9%
2020	31.4%
2019	35.1%
2018	-10.7%
2017	-4%
2016	52.7%
2015	-18.5%
2014	-3%

Fund Manager information for DSP BlackRock World Gold Fund

Name	Since	Tenure
Jay Kothari	1 Mar 13	11.68 Yr.

Data below for DSP BlackRock World Gold Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Basic Materials	92.73%

Asset Allocation

Asset Class	Value
Cash	3.5%
Equity	92.86%
Debt	0.02%
Other	3.63%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
BGF World Gold I2 Investment Fund \| -	81%	₹908 Cr	2,065,328 ↑ 19,550
VanEck Gold Miners ETF - \| GDX	17%	₹195 Cr	573,719
Treps / Reverse Repo Investments CBLO/Reverse Repo \| -	2%	₹24 Cr
Net Receivables/Payables Net Current Assets \| -	1%	-₹7 Cr

3. Nippon India US Equity Opportunites Fund

The primary investment objective of Reliance US Equity Opportunities Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on recognized stock exchanges in the US and the secondary objective is to generate consistent returns by investing in debt and money market securities in India. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Nippon India US Equity Opportunites Fund is a Equity - Global fund was launched on 23 Jul 15. It is a fund with High risk and has given a CAGR/Annualized return of 13.8% since its launch. Return for 2023 was 32.4% , 2022 was -19% and 2021 was 22.2% .

Below is the key information for Nippon India US Equity Opportunites Fund

Nippon India US Equity Opportunites Fund Growth
Launch Date	23 Jul 15
NAV (19 Nov 24)	₹33.4707 ↓ 0.00 (-0.01 %)
Net Assets (Cr)	₹679 on 31 Oct 24
Category	Equity - Global
AMC	Nippon Life Asset Management Ltd.
Rating	Not Rated
Risk	High
Expense Ratio	2.4
Sharpe Ratio	1.71
Information Ratio	-1.28
Alpha Ratio	-7.03
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹11,288
31 Oct 21	₹15,643
31 Oct 22	₹13,024
31 Oct 23	₹14,755
31 Oct 24	₹19,500

Nippon India US Equity Opportunites Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for Nippon India US Equity Opportunites Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	1.7%
3 Month	6.3%
6 Month	7.8%
1 Year	27%
3 Year	8.1%
5 Year	14.4%
10 Year
15 Year
Since launch	13.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	32.4%
2022	-19%
2021	22.2%
2020	22.4%
2019	31.8%
2018	7.7%
2017	16.9%
2016	8.2%
2015
2014

Fund Manager information for Nippon India US Equity Opportunites Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	6.44 Yr.

Data below for Nippon India US Equity Opportunites Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Technology	27.66%
Consumer Cyclical	20.69%
Communication Services	14.63%
Health Care	14.25%
Financial Services	13.45%
Basic Materials	3.8%
Consumer Defensive	2.34%

Asset Allocation

Asset Class	Value
Cash	3.17%
Equity	96.83%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Taiwan Semiconductor Manufacturing Co Ltd ADR (Technology) Equity, Since 31 Jan 23 \| TSM	7%	₹48 Cr	29,760
Amazon.com Inc (Consumer Cyclical) Equity, Since 31 Mar 19 \| AMZN	7%	₹48 Cr	30,353 ↓ -2,704
Booking Holdings Inc (Consumer Cyclical) Equity, Since 31 Jul 15 \| BKNG	7%	₹46 Cr	1,164 ↓ -150
Meta Platforms Inc Class A (Communication Services) Equity, Since 31 Oct 16 \| META	6%	₹41 Cr	8,573 ↓ -755
Alphabet Inc Class A (Communication Services) Equity, Since 31 Jul 15 \| GOOGL	6%	₹40 Cr	27,895 ↓ -2,963
Microsoft Corp (Technology) Equity, Since 30 Nov 18 \| MSFT	5%	₹37 Cr	10,796 ↓ -1,325
Mastercard Inc Class A (Financial Services) Equity, Since 31 Jul 15 \| MA	5%	₹34 Cr	8,039
IQVIA Holdings Inc (Healthcare) Equity, Since 28 Feb 17 \| IQV	5%	₹32 Cr	18,522 ↓ -2,059
Charles Schwab Corp (Financial Services) Equity, Since 31 Jul 22 \| SCHW	4%	₹31 Cr	51,220 ↓ -5,357
Starbucks Corp (Consumer Cyclical) Equity, Since 31 Mar 24 \| SBUX	4%	₹28 Cr	33,790 ↓ -2,247

4. Principal Global Opportunities Fund

The investment objective of the Scheme is to provide long term capital appreciation by predominantly investing in overseas mutual fund schemes, and a certain portion of its corpus in Money Market Securities and/or units of Money Market / Liquid Schemes of Principal Mutual Fund.

Principal Global Opportunities Fund is a Equity - Global fund was launched on 29 Mar 04. It is a fund with High risk and has given a CAGR/Annualized return of 9.2% since its launch. Ranked 8 in Global category. .

Below is the key information for Principal Global Opportunities Fund

Principal Global Opportunities Fund Growth
Launch Date	29 Mar 04
NAV (31 Dec 21)	₹47.4362 ↓ -0.04 (-0.09 %)
Net Assets (Cr)	₹38 on 30 Nov 21
Category	Equity - Global
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.1
Sharpe Ratio	2.31
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	2,000
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,666
31 Oct 21	₹15,929

Principal Global Opportunities Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for Principal Global Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	0%
3 Month	2.9%
6 Month	3.1%
1 Year	25.8%
3 Year	24.8%
5 Year	16.5%
10 Year
15 Year
Since launch	9.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014

Fund Manager information for Principal Global Opportunities Fund

Name	Since	Tenure

Data below for Principal Global Opportunities Fund as on 30 Nov 21

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

5. Invesco India Feeder- Invesco Global Equity Income Fund

(Erstwhile Invesco India Global Equity Income Fund)

To provide capital appreciation and/or income by investing predominantly in units of Invesco Global Equity Income Fund, an overseas equity fund which invests primarily in equities of companies worldwide. The Scheme may, at the discretion of Fund Manager, also invest in units of other similar Overseas Mutual Funds with similar objectives, strategy and attributes which may constitute a significant portion of its net assets.

Invesco India Feeder- Invesco Global Equity Income Fund is a Equity - Global fund was launched on 5 May 14. It is a fund with High risk and has given a CAGR/Annualized return of 9.4% since its launch. Ranked 12 in Global category. Return for 2023 was 27% , 2022 was -2.1% and 2021 was 21% .

Below is the key information for Invesco India Feeder- Invesco Global Equity Income Fund

Invesco India Feeder- Invesco Global Equity Income Fund Growth
Launch Date	5 May 14
NAV (19 Nov 24)	₹25.7535 ↓ -0.04 (-0.15 %)
Net Assets (Cr)	₹25 on 31 Oct 24
Category	Equity - Global
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆
Risk	High
Expense Ratio	1.4
Sharpe Ratio	2.08
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹9,531
31 Oct 21	₹13,821
31 Oct 22	₹12,012
31 Oct 23	₹14,765
31 Oct 24	₹19,802

Invesco India Feeder- Invesco Global Equity Income Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for Invesco India Feeder- Invesco Global Equity Income Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-2.8%
3 Month	1.9%
6 Month	5.2%
1 Year	22.4%
3 Year	12.3%
5 Year	13.3%
10 Year
15 Year
Since launch	9.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	27%
2022	-2.1%
2021	21%
2020	7.3%
2019	24.7%
2018	-7.5%
2017	13.2%
2016	2.6%
2015	4%
2014

Fund Manager information for Invesco India Feeder- Invesco Global Equity Income Fund

Name	Since	Tenure
Herin Shah	1 Aug 24	0.25 Yr.

Data below for Invesco India Feeder- Invesco Global Equity Income Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Financial Services	19.37%
Technology	14.97%
Industrials	14.1%
Consumer Cyclical	9.98%
Health Care	8.89%
Consumer Defensive	7.11%
Real Estate	5.13%
Communication Services	3.65%
Basic Materials	3.18%
Energy	2.07%

Asset Allocation

Asset Class	Value
Cash	6.57%
Equity	88.45%
Other	4.98%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Invesco Global Equity Income C USD Acc Investment Fund \| -	95%	₹24 Cr	18,749
Triparty Repo CBLO/Reverse Repo \| -	5%	₹1 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	₹0 Cr

6. ICICI Prudential US Bluechip Equity Fund

The investment objective of ICICI Prudential US Bluechip Equity Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities (including ADRs/GDRs issued by Indian and foreign companies) of companies listed on New York Stock Exchange and/or NASDAQ. However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Prudential US Bluechip Equity Fund is a Equity - Global fund was launched on 6 Jul 12. It is a fund with High risk and has given a CAGR/Annualized return of 15.9% since its launch. Ranked 7 in Global category. Return for 2023 was 30.6% , 2022 was -7.1% and 2021 was 22.5% .

Below is the key information for ICICI Prudential US Bluechip Equity Fund

ICICI Prudential US Bluechip Equity Fund Growth
Launch Date	6 Jul 12
NAV (19 Nov 24)	₹62.31 ↓ -0.11 (-0.18 %)
Net Assets (Cr)	₹3,221 on 31 Oct 24
Category	Equity - Global
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.18
Sharpe Ratio	1.38
Information Ratio	-0.38
Alpha Ratio	-7.73
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-3 Months (3%),3-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,892
31 Oct 21	₹15,439
31 Oct 22	₹14,049
31 Oct 23	₹16,001
31 Oct 24	₹20,755

ICICI Prudential US Bluechip Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for ICICI Prudential US Bluechip Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-3.3%
3 Month	0.9%
6 Month	4.3%
1 Year	21.4%
3 Year	10.2%
5 Year	14.8%
10 Year
15 Year
Since launch	15.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	30.6%
2022	-7.1%
2021	22.5%
2020	18.6%
2019	34.3%
2018	5.2%
2017	14.1%
2016	11.6%
2015	0.7%
2014	12.7%

Fund Manager information for ICICI Prudential US Bluechip Equity Fund

Name	Since	Tenure
Ritesh Lunawat	13 Sep 24	0.13 Yr.
Sharmila D’mello	1 Jul 22	2.34 Yr.
Nitya Mishra	4 Nov 24	0 Yr.

Data below for ICICI Prudential US Bluechip Equity Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Health Care	22.1%
Industrials	18.3%
Technology	15.74%
Consumer Defensive	13.18%
Financial Services	8.19%
Consumer Cyclical	7.26%
Communication Services	6.43%
Basic Materials	6.06%
Energy	0.62%

Asset Allocation

Asset Class	Value
Cash	2.13%
Equity	97.87%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
International Flavors & Fragrances Inc (Basic Materials) Equity, Since 30 Sep 22 \| IFF	3%	₹85 Cr	96,486 ↓ -7,700
Comcast Corp Class A (Communication Services) Equity, Since 31 May 20 \| CMCSA	3%	₹84 Cr	240,218
The Estee Lauder Companies Inc Class A (Consumer Defensive) Equity, Since 30 Jun 23 \| EL	3%	₹83 Cr	99,917 ↑ 4,500
Altria Group Inc (Consumer Defensive) Equity, Since 31 Dec 23 \| MO	2%	₹83 Cr	193,878 ↑ 11,500
Nike Inc Class B (Consumer Cyclical) Equity, Since 30 Jun 23 \| NKE	2%	₹83 Cr	111,580
Kenvue Inc (Consumer Defensive) Equity, Since 31 Mar 24 \| KVUE	2%	₹82 Cr	423,060 ↓ -52,500
Pfizer Inc (Healthcare) Equity, Since 31 Mar 23 \| PFE	2%	₹82 Cr	337,963
Adobe Inc (Technology) Equity, Since 31 Mar 24 \| ADBE	2%	₹81 Cr	18,748 ↑ 1,135
MarketAxess Holdings Inc (Financial Services) Equity, Since 30 Jun 23 \| MKTX	2%	₹81 Cr	37,889 ↓ -5,400
Corteva Inc (Basic Materials) Equity, Since 30 Jun 23 \| CTVA	2%	₹81 Cr	164,840

7. DSP BlackRock US Flexible Equity Fund

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BGF – USFEF. The Scheme may, at the discretion of the Investment Manager also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy and risk profile/consideration similar to those of BGF – USFEF.

DSP BlackRock US Flexible Equity Fund is a Equity - Global fund was launched on 3 Aug 12. It is a fund with High risk and has given a CAGR/Annualized return of 14.9% since its launch. Ranked 3 in Global category. Return for 2023 was 22% , 2022 was -5.9% and 2021 was 24.2% .

Below is the key information for DSP BlackRock US Flexible Equity Fund

DSP BlackRock US Flexible Equity Fund Growth
Launch Date	3 Aug 12
NAV (19 Nov 24)	₹55.2554 ↓ -0.11 (-0.20 %)
Net Assets (Cr)	₹853 on 31 Oct 24
Category	Equity - Global
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆☆
Risk	High
Expense Ratio	1.54
Sharpe Ratio	1.69
Information Ratio	-0.52
Alpha Ratio	-4.77
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹11,618
31 Oct 21	₹15,829
31 Oct 22	₹15,229
31 Oct 23	₹16,428
31 Oct 24	₹20,733

DSP BlackRock US Flexible Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 Invest Now

Returns for DSP BlackRock US Flexible Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-1.3%
3 Month	1.1%
6 Month	3%
1 Year	20.6%
3 Year	9.7%
5 Year	15.1%
10 Year
15 Year
Since launch	14.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	22%
2022	-5.9%
2021	24.2%
2020	22.6%
2019	27.5%
2018	-1.1%
2017	15.5%
2016	9.8%
2015	2.5%
2014	13.1%

Fund Manager information for DSP BlackRock US Flexible Equity Fund

Name	Since	Tenure
Jay Kothari	1 Mar 13	11.68 Yr.

Data below for DSP BlackRock US Flexible Equity Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Technology	34.03%
Health Care	15.69%
Financial Services	13.07%
Communication Services	12.46%
Consumer Cyclical	7.85%
Basic Materials	3.9%
Industrials	3.34%
Energy	3.23%
Consumer Defensive	2.44%
Real Estate	1.94%

Asset Allocation

Asset Class	Value
Cash	2.06%
Equity	97.93%
Debt	0.02%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
BGF US Flexible Equity I2 Investment Fund \| -	99%	₹844 Cr	2,181,927 ↓ -16,788
Treps / Reverse Repo Investments CBLO/Reverse Repo \| -	1%	₹11 Cr
Net Receivables/Payables Net Current Assets \| -	0%	-₹2 Cr

8. Edelweiss ASEAN Equity Off-shore Fund

The primary investment objective of the Scheme is to provide long term capital growth by investing predominantly in JPMorgan Funds – JF ASEAN Equity Fund, an equity fund which invests primarily in companies of countries which are members of the Association of South East Asian Nations (ASEAN). However, there can be no assurance that the investment objective of the Scheme will be realized.

Edelweiss ASEAN Equity Off-shore Fund is a Equity - Global fund was launched on 1 Jul 11. It is a fund with High risk and has given a CAGR/Annualized return of 8% since its launch. Ranked 18 in Global category. Return for 2023 was -1.4% , 2022 was 4.8% and 2021 was 6.3% .

Below is the key information for Edelweiss ASEAN Equity Off-shore Fund

Edelweiss ASEAN Equity Off-shore Fund Growth
Launch Date	1 Jul 11
NAV (19 Nov 24)	₹28.042 ↑ 0.25 (0.89 %)
Net Assets (Cr)	₹94 on 31 Oct 24
Category	Equity - Global
AMC	Edelweiss Asset Management Limited
Rating	☆☆☆
Risk	High
Expense Ratio	1.42
Sharpe Ratio	1.24
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹8,539
31 Oct 21	₹11,544
31 Oct 22	₹10,625
31 Oct 23	₹10,536
31 Oct 24	₹13,023

Edelweiss ASEAN Equity Off-shore Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120 Invest Now

Returns for Edelweiss ASEAN Equity Off-shore Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24

Duration	Returns
1 Month	-2.8%
3 Month	5.8%
6 Month	11.8%
1 Year	20.1%
3 Year	4.7%
5 Year	5.3%
10 Year
15 Year
Since launch	8%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	-1.4%
2022	4.8%
2021	6.3%
2020	2.3%
2019	12%
2018	-2.1%
2017	21.9%
2016	9.6%
2015	-11.1%
2014	8.4%

Fund Manager information for Edelweiss ASEAN Equity Off-shore Fund

Name	Since	Tenure
Bhavesh Jain	27 Sep 19	5.1 Yr.
Bharat Lahoti	1 Oct 21	3.09 Yr.

Data below for Edelweiss ASEAN Equity Off-shore Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Financial Services	49.21%
Industrials	9.28%
Consumer Cyclical	7.85%
Real Estate	7.54%
Communication Services	7.1%
Consumer Defensive	3.82%
Health Care	3.39%
Technology	2.68%
Utility	2.18%
Basic Materials	2.14%
Energy	1.7%

Asset Allocation

Asset Class	Value
Cash	3.08%
Equity	96.92%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
JPM ASEAN Equity I (acc) USD Investment Fund \| -	100%	₹94 Cr	57,873 ↑ 9,068
Clearing Corporation Of India Ltd. CBLO/Reverse Repo \| -	0%	₹0 Cr
Net Receivables/(Payables) CBLO/Reverse Repo \| -	0%	₹0 Cr
Accrued Interest CBLO \| -	0%	₹0 Cr

Types of International Mutual Funds

1. Emerging Market Funds

This type of mutual fund invests in emerging markets like India, China, Russia, Brazil etc. China has surpassed the USA to be the world’s largest car manufacturer. Russia is a big player in natural gas. India has a fast-growing service economy base. These countries are expected to grow tremendously in the coming years making them a hot choice for investors.

Some of the best international mutual fund schemes that invest in emerging markets are Birla Sun Life International Equity Plan A, Kotak Global Emerging Market Fund and Principal Global Opportunities Fund.

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2. Developed Market Funds

Developed market funds are an attractive option because it is generally seen that mature markets are more stable. Also, they do not have the problems associated with emerging markets like an economy or currency risk in the economy, political instability, etc. making them less risky. Some schemes that invest in developed markets are DWS Global Thematic Offshore Fund etc.

3. Country Specific Funds

As the name suggests, this type invests only in a specific country or part of the globe. But, country-specific funds defeat the entire purpose of diversifying the Portfolio since it lays all eggs in one basket. However, when there are opportunities in specific countries due to various reasons, these funds become a good choice.

Reliance Japan Equity Fund, Kotak US Equities Fund and Mirae Asset China Advantage Fund are some country-specific schemes.

4. Commodity Based Funds

These funds invest in commodities like gold, precious metals, crude oil, wheat, etc. Commodities offer diversification and also act as an Inflation hedge, thus protecting the investors. Also, these funds could be multi-commodity or focused on a single commodity.

Best commodity based international mutual funds are DSP Black Rock World Gold Fund, ING OptiMix Global Commodities, Mirae Asset Global Commodity Stocks, Birla Sun Life Commodity Equities - Global Agri Fund, etc.

5. Theme Based Funds

Theme based funds or thematic funds invest in a particular theme. For example, if the theme is infrastructure, it would invest in infrastructure construction companies as well as companies related to the infrastructure business like cement, steel, etc.

They are often confused with sectoral funds which focus only on a specific Industry. For example, pharmaceutical sectoral funds would only invest in pharma companies. Compared to sector funds, thematic funds are a broader concept. This offers more diversification and less risk since the investment is spread across various industries.

Some theme based funds are DSPBR World Energy Fund, L&T Global Real Assets Fund etc.

Why to Invest in International Mutual Funds?

1. Diversification

The main motive of Investing in International Mutual Funds is diversification. Diversification helps in optimising the returns and reducing the overall risks of a portfolio. Low or negative correlations between investments make sure that the returns are not dependent on only one sector or economy. Thus, balancing the portfolio and protecting the investor.

2. Ease in Investing

You can give a global edge to your portfolio by making a direct investment in foreign markets through equities, commodities, Real Estate, and exchange-traded funds (ETFs) as well. Buying units of an international mutual fund are much easier and they also provide the expertise of the fund manager which is not available in the other investing avenues.

3. International Exposure

International mutual funds help in expanding the investor horizons beyond the domestic boundaries. Also, investing internationally helps set-off any losses that the investor may have incurred in the domestic market.

4. Currency Fluctuations

International Mutual Fund schemes determine the NAV (Net Asset Value) of the fund by using the prevailing exchange rate. The exchange rates fluctuate every day, or more so, every minute.

This means that for a scheme investing in US Dollars, the NAV of the scheme would be impacted as per the dollar-rupee movement. It is observed that the more the rupee depreciates, the higher are the gains. This makes international mutual funds even more attractive since the rupee is going downhill now.

5. Country Specific Exposures

If the investor wants to take complete advantage of another country’s growth, international mutual funds are the way to go. But the Flip side of this would be that the portfolio is dependent solely on one economy. Hence, increasing the risk Factor.

Taxation of International Mutual Funds

Tax treatment of international mutual funds in India is similar to that of Debt fund. If the investor holds the investments short term i.e. less than 36 months, they will be included in his total Income and will be taxed as per the applicable slab rate.

If the investments are held for more than 36 months, the investor is then eligible for indexation benefits. Any gains arising from the schemes will be taxed @ 10% without indexation or 20% with indexation.

How to Invest in International Mutual Fund Online?

Open Free Investment Account for Lifetime at Fincash.com.

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Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

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According to experts, an investor should have around 10-12% of the portfolio invested in international mutual funds. So with the basics covered now, start building up that portfolio with international mutual funds today.

FAQs

1. What are the benefits of investing in international mutual funds?

A: It diversifies your portfolio of investment, which tends to give you better & diversified returns. It also keeps your portfolio balanced. As these companies have foreign funds, you can expect your investment to produce good returns.

2. Can I invest in companies that post lower growth than India?

A: Yes, you can, but it will depend on the financial institution you are investing in. You cannot directly invest in the securities of a foreign company. You will need a broker or a financial institute to help you invest in the particular security.

3. What is the Franklin India Feeder?

A: The Franklin India Feeder or the Franklin US Opportunities Fund is one of the most successful international mutual funds. This fund allows you to invest in multiple securities of companies in the United States involved in fields like technology, healthcare, consumer cyclical, financial services, and many more such industrial sectors. These mutual funds allow you to diversify your portfolio of investments, making it easy to invest in multiple securities through a single investment. Since its launch, the Franklin India Feeder has produced returns of 19.9%.

4. What is the BlackRock World Mining Fund?

A: This is different from Franklin as it has an equity sector only in necessary materials and financial services. This is considered to be a high-risk mutual fund, but has been known to produce excellent returns. The DSP BlackRock World Mining has produced returns of nearly 34.9% for the 3- year investment period.

5. Are earnings from international mutual funds taxed?

A: Yes, Earnings from international mutual funds are taxed. Dividends that you earn from these funds are liable for Tax Deducted at Source or TDS at 7.5% till March 31, 2021, and the mutual fund house deducts it. If you have invested for 3 years, it will fall under the short-term investment, and if for more, you will have to categorize it under long-term investment. The taxation slab will also depend on the time for which the investment has been made.

6. What is the main risk of the international mutual fund?

A: The primary risk of the international mutual fund is the fluctuating nature of the foreign exchange rate. If the foreign exchange rates fluctuate compared to the rupee, it can adversely affect your investment.

7. Who should invest in a foreign mutual fund?

A: If you are looking to diversify your investment portfolio and looking to add a geographical diversification, then you could consider investing in a foreign mutual fund.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.