Produced by: BT Desk
Just like domestic MFs, these funds invest in global firms. There are 70 such schemes with assets under management of around Rs 70,000 crore
The themes they track include artificial intelligence, emerging technologies, semiconductors, and electric vehicles in the overseas markets. They came into prominence three-four years back when Nasdaq 100, the technology-led index in the US, started doing well.
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.
Launched in May 2021, it has given 76.35 per cent return in the last one year. It has AUM of Rs 1379.34 crore and its benchmark is NYSE FANG+ TRI. Rs 1 lakh invested in this fund one year ago got you Rs 1.77 lakh.
Has given 75.66 per cent return against category return of 39.49 per cent in last one year. The fund's AUM is Rs 2276.42 crore, and is benchmarked against Russel 1000 Equal Weighted Technology Index. Rs 1 lakh investment in this fund a year ago will be Rs 1.76 lakh.
Given 49.84 per cent return in last one year and is benchmarked against Russell 3000 Growth Index. The fund's AUM is Rs 3567.84 crore. A 1 lakh invested would reach Rs 1.50 lakh in present date.
48.30 per cent return, its AUM is Rs 302.28 crore. The fund is benchmarked against the Indxx Artificial Intelligence & Big Data Index TRI. Rs 1 lakh here would have given over Rs 1.48 lakh now.
48.1 per cent return with AUM of Rs 298.23 crore. It is benchmarked against Russell 1000 TRI. Rs 1 lakh in this fund a year ago would give Rs 1.48 lakh.