International mutual funds are a popular choice for investors seeking exposure to global markets. These funds invest in companies listed outside India, offering opportunities to diversify and invest in some of the world’s largest and most influential companies.
In this article, we’ll explore the top 5 performing international fund of funds (FOFs) of 2024 that have delivered remarkable returns over the past year.
Scheme Name | Launch Date | AUM (₹ in Crore) | Expense Ratio (%) | Invested Amount in ₹ | Current Value in ₹ | Annualised Return (%) |
Mirae Asset NYSE FANG and ETF FOF | 10-05-2021 | 1501.63 | 0.66 | 10,00,000 | 17,97,476.39 | 79.75 |
Edelweiss US Technology Equity FOF | 05-03-2020 | 2257.48 | 1.57 | 10,00,000 | 14,53,675.77 | 45.37 |
Bandhan US Equity FOF | 20-08-2021 | 322.1 | 1.62 | 10,00,000 | 14,45,138.76 | 44.37 |
Motilal Oswal Nasdaq 100 FOF | 05-11-2018 | 5138.4 | 0.58 | 10,00,000 | 14,02,092.84 | 40.08 |
Franklin India Feeder Franklin US Opportunities | 05-02-2012 | 3513.79 | 1.53 | 10,00,000 | 13,90,318.08 | 39.03 |
Note: Performance is considered of regular plan and returns are based as on December 5, 2024.
A Fund of Funds (FOF) is an investment strategy that focuses on building a portfolio comprising other mutual funds instead of directly investing in stocks, bonds, or other securities. These multi-manager investments are designed to leverage the expertise of multiple fund managers, making them an excellent choice for diversification and risk management.
FOFs primarily invest in units of another mutual fund scheme, providing access to a wide array of underlying assets, geographical markets, and sectors.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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