Investing beyond borders: Top 5 International mutual funds to consider in 2024
Diversify your portfolio and capture global growth opportunities.
The Indian stock market offers exciting investment options, but the world is a vast landscape. International mutual funds allow you to tap into the potential of global markets, potentially boosting your returns and diversifying your portfolio. Here's a curated list of 5 top international mutual funds to consider for your 2024 investment journey, but remember, this is not financial advice:
1. Motilal Oswal NASDAQ 100 Fund of Fund (FOF): This FOF invests in the iShares NASDAQ 100 UCITS ETF, providing exposure to the top 100 non-financial companies listed on the NASDAQ stock exchange. This fund offers a chance to capitalize on the growth potential of leading American technology giants. NAV stands at Rs 31.88. The fund has delivered impressive returns, with an annualized return of 42.81 per cent in the past year, 16.68 per cent over the past three years, and 24.31 per cent over the past five years.
2. Franklin Templeton Feeder - Franklin US Opportunities Fund: This fund invests in the Franklin US Opportunities Fund, focusing on high-quality US companies with strong growth prospects across various sectors. This option caters to investors seeking exposure to a broader range of established US businesses. NAV stands at Rs 71.97. The fund has delivered impressive returns, with an annualized return of 43.40 per cent in the past year, 10.74 per cent over the past three years, and 17.48 per cent over the past five years.
3. Aditya Birla Sun Life Global Excellence Equity Fund of Fund (FOF): This FOF invests in the Aditya Birla Sun Life Global Equity Portfolio, a fund that invests in equity markets across developed countries. This diversified approach offers exposure to developed economies with a single investment. NAV stands at Rs 31.62. The fund has delivered impressive returns, with an annualized return of 35.48 per cent in the past year, 14.83 per cent over the past three years, and 9.35 per cent over the past five years.
4. PGIM India Global Equity Opportunities Fund: This actively managed fund invests in a basket of global stocks across developed and emerging markets. This option is suitable for investors comfortable with a higher risk profile seeking potential for magnified returns. NAV stands at Rs 44.78. The fund has delivered impressive returns, with an annualized return of 38.12 per cent in the past year, 8.95 per cent over the past three years, and 18.50 per cent over the past five years.
5. Invesco India - Invesco Global Equity Income Fund of Fund (FOF): This FOF invests in the Invesco Global Equity Income Fund, focusing on companies with a history of paying dividends. This strategy targets investors seeking regular income streams alongside potential capital appreciation. NAV stands at Rs 25.96. The fund has delivered impressive returns, with an annualized return of 22.53 per cent in the past year, 14.25 per cent over the past three years, and 14.50 per cent over the past five years.
Choosing the Right Fund for You:
These are just a few examples, and the ideal fund for you depends on your investment goals, risk tolerance, and investment horizon. Conduct thorough research, consult with a financial advisor, and consider factors like expense ratios and past performance before making an investment decision.
Remember: International investing involves currency fluctuations and geopolitical risks. Diversification is key, so don't allocate all your investable funds to international mutual funds.
Disclaimer: The article is for informational purposes only and not an investment advice.