Top International Mutual Funds for 2023: A Comprehensive Guide

Investing in international stocks can be a daunting task, given the numerous options and complexities involved. However, there’s a solution – international mutual funds. In this article, we will provide an overview of international mutual funds, the types available in India, and highlight the best funds recommended for 2023.

Watch this : 5 types of International Mutual Funds 2023

Understanding International Mutual Funds

International mutual funds are Indian equity funds that invest in foreign company stocks, such as Apple, Amazon, Barclays, Deutsche Bank, and Novartis. These funds relieve investors from the complexities of choosing individual foreign stocks, as professional fund managers handle the portfolio.

Key Highlights of International Mutual Funds:

Types of International Mutual Funds

  1. Global International Funds:
  2. Regional International Funds:
  3. Sectoral International Funds:

How International Mutual Funds Invest

Apart from traditional international funds, there are three main types:

  1. Index Funds:
    • Mirror specific indices like the S&P 500.
    • Passive management with relatively low fees.
    • Example: S&P 500 index fund.
  2. Fund of Funds:
  3. Feeder Funds:

Top International Mutual Funds for 2023

  1. Invesco EQQQ Nasdaq 100 ETF Fund of Fund:
    • Type: International
    • AUM: ₹44,138 Crores
    • 3-Year Returns: 14.21%
  2. Franklin India Feeder Franklin US Opportunities Fund Growth:
    • Type: International
    • AUM: ₹3,166 crores
    • 1-Year Returns: 20.12%
  3. DSP World Mining Fund – Direct – Growth:
    • Type: International
    • AUM: ₹177 crores
    • 3-Year Returns: 7.23%
  4. ICICI Prudential US BlueChip Equity Direct-Plan-Growth:
    • Type: International
    • AUM: ₹2593.42 crores
    • 3-Year Returns: 22.92%
  5. Motilal Oswal Nasdaq 100 FOF Direct-Growth:
    • Type: International
    • AUM: ₹3,917 crores
    • 3-Year Returns: 7.52%
  6. PGIM India Global Equity Opportunities Fund Direct-Growth:
    • Type: International
    • AUM: ₹1,457 crores
  7. Edelweiss Greater China Off-Shore Fund Direct-Growth:
    • Type: International
    • AUM: ₹1,718 crores
  8. ICICI Prudential Global Stable Equity Fund FOF (G):
    • Type: International
    • AUM: ₹1,718 crores

Also read: How to Choose Between Gold and Mutual Funds for Investment

How to Invest in International Mutual Funds

Investing in international mutual funds is straightforward:

  1. Buy International Funds Using Investment Apps:
    • Use investment apps to purchase regular international mutual funds.
    • Ideal for those with limited time for research.
  2. Buy International Funds Directly from AMC:
    • Purchase “direct” international mutual funds from Asset Management Companies (AMCs).
    • Lower expense ratios compared to regular funds.
    • Requires self-research to select suitable funds.
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