What are international or overseas mutual funds in India?

International or overseas mutual funds in India are Fund of Funds (FOFs) that invest in foreign ETFs or equity funds, giving Indian investors access to global markets like Nasdaq 100, S&P 500, China, Europe and Emerging Markets. They are SEBI regulated and subject to RBI overseas investment limits. Returns are in Indian Rupees and include currency exchange impact.

How does currency risk affect international mutual fund returns?

When the Indian Rupee depreciates against the US Dollar or other currencies, international fund returns in INR terms are boosted. Rupee depreciation has historically added 3-5% annually to US-focused fund returns in INR terms. Conversely when the Rupee strengthens, returns are reduced. Currency movement can be a significant component of international fund returns for Indian investors.

What is the difference between a Nasdaq 100 FOF and a US Equity FOF?

Nasdaq 100 FOFs track the Nasdaq-100 index concentrated in US technology companies — Apple, Microsoft, Nvidia, Google and Amazon make up a large portion. US Equity FOFs track broader indices like S&P 500 across 500 companies spanning multiple sectors. Nasdaq 100 offers higher growth potential but higher volatility. S&P 500 gives more diversified US market exposure.

Are international mutual funds suitable for all investors?

International funds add geographic diversification and act as a Rupee depreciation hedge but carry additional risks — currency fluctuation, geopolitical risk, and SEBI may temporarily halt fresh subscriptions when overseas investment limits are breached. They are generally suitable as a 10-20% allocation for investors with a 5-year-plus horizon who already have a core domestic equity portfolio.

Why do some international funds show a dash for 3Y and 5Y returns?

A dash means the fund does not yet have enough NAV history for that period. Many international funds were launched between 2021-2023 and will show dashes for 5Y returns until they complete five years. The Age column helps identify newer funds.

International Mutual Funds India — Overseas FoF Regular Plan Returns

Showing 51 funds. Ranked within all overseas funds. Green = top third · Gold = middle · Red = bottom. For Std Dev lower is better. Click any column to sort.

Fund	Theme	Age	AAUM (Apr-Jun 2026)		1 Month		6 Months		1 Year		3 Years		5 Years		Std Dev (3Y)		Sharpe (3Y)		Sortino (3Y)
Fund	Theme	Age	₹ Cr	Rank	Abs %	Rank	Abs %	Rank	Abs %	Rank	CAGR	Rank	CAGR	Rank	Std Dev%	Rank	Sharpe	Rank	Sortino	Rank
Aditya Birla Sun Life Global Emerging Opportunities Fund Aditya Birla Sun Life AMC Limited	Emerging	18.1 yrs	₹21.7K Cr	21	+0.0%	46	+22.3%	11	+23.8%	36	+18.7%	32	+10.1%	21	17.34%	17	0.68	34	0.98	34
Aditya Birla Sun Life Global Excellence Equity Fund Of Fund Aditya Birla Sun Life AMC Limited	Global	18.7 yrs	₹15.8K Cr	24	+1.7%	29	+15.9%	24	+28.4%	31	+21.3%	26	+13.2%	12	15.31%	13	1.16	11	1.72	11
Aditya Birla Sun Life US Equity Passive FOF Aditya Birla Sun Life AMC Limited	US Equity	4.8 yrs	₹22.4K Cr	20	+1.7%	30	+26.2%	6	+39.0%	15	+29.6%	6	—	—	18.69%	25	1.16	12	1.69	12
Aditya Birla Sun Life US Treasury 1-3 Year Bond ETFs Passive FOF Aditya Birla Sun Life AMC Limited	US Debt	2.8 yrs	₹9 Cr	50	+0.3%	42	+5.9%	43	+11.4%	47	—	—	—	—	—	—	—	—	—	—
Aditya Birla Sun Life US Treasury 3-10 Year Bond ETFs Passive FOF Aditya Birla Sun Life AMC Limited	US Debt	2.8 yrs	₹22 Cr	45	+0.3%	43	+4.7%	44	+9.9%	48	—	—	—	—	—	—	—	—	—	—
Axis Global Equity Alpha Fund of Fund Axis Asset Management Co. Ltd.	Global	5.9 yrs	₹107.3K Cr	6	+4.9%	8	+15.7%	25	+25.6%	33	+23.1%	23	+14.6%	9	15.13%	11	1.06	16	1.53	16
Axis Global Innovation Fund of Fund Axis Asset Management Co. Ltd.	Global	5.3 yrs	₹52.1K Cr	15	+5.2%	6	+26.5%	3	+29.0%	30	+24.2%	19	+12.5%	13	18.76%	26	0.86	28	1.21	28
Axis Greater China Equity Fund of Fund Axis Asset Management Co. Ltd.	Asia	5.5 yrs	₹138.3K Cr	4	+4.2%	10	+12.1%	34	+34.8%	21	+17.8%	33	+4.6%	26	22.60%	37	0.46	40	0.68	40
Axis NASDAQ 100 US Specific Equity Passive FOF Axis Asset Management Co. Ltd.	Nasdaq	3.9 yrs	₹87 Cr	31	+1.4%	31	+25.8%	7	+38.5%	17	+29.3%	8	—	—	18.46%	23	1.15	13	1.68	14
Axis US Specific Treasury Dynamic Debt Passive FOF Axis Asset Management Co. Ltd.	US Debt	2.7 yrs	₹14 Cr	47	-0.1%	49	+4.3%	47	+9.4%	50	—	—	—	—	—	—	—	—	—	—
Bandhan US specific Equity Active FOF Bandhan AMC Limited	US Equity	5 yrs	₹25.2K Cr	19	+0.3%	41	+10.8%	38	+15.2%	41	+22.7%	24	—	—	19.77%	30	1.02	20	1.43	20
Bandhan US Treasury Bond 0-1 year specific Debt Passive FOF Bandhan AMC Limited	US Debt	3.4 yrs	₹17 Cr	46	-0.1%	48	+7.0%	42	+12.5%	46	+9.3%	44	—	—	3.85%	1	0.93	25	1.43	21
Baroda BNP Paribas Aqua Fund of Fund Baroda BNP Paribas Asset Management India Private Limited	Global	5.3 yrs	₹29 Cr	42	+1.2%	37	+7.1%	41	+19.0%	39	+13.7%	40	—	—	14.68%	10	0.59	36	0.88	36
DSP Global Clean Energy Overseas Equity Omni FoF DSP Asset Managers Private Limited	Commodities	17.1 yrs	₹37 Cr	39	+2.1%	23	+13.3%	29	+46.2%	9	+17.5%	34	+12.5%	14	19.87%	31	0.50	39	0.74	38
DSP Global Innovation Overseas Equity Omni FoF DSP Asset Managers Private Limited	Global	4.6 yrs	₹101.2K Cr	7	+1.7%	26	+22.5%	10	+32.4%	25	+26.2%	12	—	—	18.53%	24	1.39	5	2.05	5
DSP US Specific Debt Passive FoF DSP Asset Managers Private Limited	US Debt	2.4 yrs	₹3 Cr	51	-0.1%	47	+4.6%	45	+9.9%	49	—	—	—	—	—	—	—	—	—	—
DSP US Specific Equity Omni FoF DSP Asset Managers Private Limited	US Equity	14.1 yrs	₹66.3K Cr	11	+1.0%	38	+23.8%	8	+42.8%	11	+27.1%	10	+18.7%	3	17.52%	18	1.30	6	1.91	7
DSP World Gold Mining Overseas Equity Omni FoF DSP Asset Managers Private Limited	Commodities	19.1 yrs	₹70.3K Cr	10	+18.2%	1	-5.6%	50	+65.9%	2	+48.7%	1	+24.2%	1	33.63%	45	0.90	27	1.32	27
DSP World Mining Overseas Equity Omni FoF DSP Asset Managers Private Limited	Commodities	16.7 yrs	₹11.4K Cr	29	+11.4%	2	+7.3%	40	+77.8%	1	+26.3%	11	+17.1%	5	26.68%	41	0.63	35	0.91	35
Edelweiss ASEAN Equity Off-shore Fund Edelweiss Asset Management Limited	Asia	15.2 yrs	₹37 Cr	38	+2.6%	19	+11.4%	35	+23.5%	37	+14.8%	38	+10.8%	18	12.61%	4	0.72	32	1.08	30
Edelweiss Emerging Markets Opportunities Equity Offshore Fund Edelweiss Asset Management Limited	Emerging	12.2 yrs	₹98 Cr	30	+0.0%	45	+20.9%	13	+57.6%	4	+25.5%	16	+10.4%	20	17.76%	20	1.03	18	1.48	19
Edelweiss Europe Dynamic Equity Offshore Fund Edelweiss Asset Management Limited	Europe	12.6 yrs	₹73 Cr	33	+3.2%	15	+10.9%	37	+29.9%	27	+24.6%	18	+14.8%	8	15.25%	12	1.12	14	1.69	13
Edelweiss Greater China Equity Off-shore Fund Edelweiss Asset Management Limited	Asia	17.1 yrs	₹118.0K Cr	5	+1.3%	33	+19.1%	17	+41.8%	12	+20.1%	29	+4.4%	27	22.56%	36	0.41	42	0.59	42
Edelweiss US Technology Equity Fund of Fund Edelweiss Asset Management Limited	Global	6.5 yrs	₹197.1K Cr	2	+1.7%	28	+29.7%	2	+27.6%	32	+27.8%	9	+14.1%	11	27.51%	42	0.96	22	1.35	24
Edelweiss US Value Equity Offshore Fund Edelweiss Asset Management Limited	US Equity	13.1 yrs	₹14.1K Cr	26	+2.5%	21	+16.7%	22	+35.7%	19	+19.2%	31	+14.3%	10	13.44%	6	1.07	15	1.58	15
Franklin U. S. Opportunities Equity Active Fund of Funds Franklin Templeton Asset Management (India) Private Limited	Global	14.6 yrs	₹311.0K Cr	1	+2.7%	18	+19.5%	15	+17.7%	40	+21.3%	27	+9.2%	22	20.10%	32	0.73	31	1.06	31
HDFC Developed World Overseas Equity Passive FOF HDFC Asset Management Company Limited	US Equity	4.9 yrs	₹58.3K Cr	13	+3.2%	16	+19.0%	18	+34.1%	22	+24.8%	17	—	—	12.50%	3	1.48	3	2.24	3
HSBC Brazil Fund HSBC Asset Management (India) Private Ltd.	Emerging	15.3 yrs	₹12.6K Cr	27	-6.5%	51	+2.3%	49	+43.9%	10	+11.7%	42	+6.1%	24	23.58%	39	0.43	41	0.64	41
HSBC Global Emerging Markets Fund HSBC Asset Management (India) Private Ltd.	Emerging	18.6 yrs	₹31.0K Cr	17	+1.2%	35	+19.2%	16	+54.8%	6	+25.8%	14	+11.3%	17	18.94%	27	1.06	17	1.52	17
ICICI Prudential Global Stable Equity Fund (FOF) ICICI Prudential Asset Management Company Limited	Global	13 yrs	₹57 Cr	36	+3.8%	12	+9.3%	39	+22.0%	38	+13.5%	41	+10.5%	19	11.46%	2	0.76	29	1.10	29
ICICI Prudential Strategic Metal and Energy Equity Fund of Fund ICICI Prudential Asset Management Company Limited	Commodities	4.6 yrs	₹14.5K Cr	25	+11.4%	3	+12.2%	33	+58.1%	3	+29.4%	7	—	—	23.06%	38	0.98	21	1.40	22
Invesco India - Invesco EQQQ Nasdaq-100 ETF Fund of Fund Invesco Asset Management (India) Private Limited	Nasdaq	4.4 yrs	₹20.2K Cr	22	+1.7%	27	+23.7%	9	+37.2%	18	+29.6%	5	—	—	19.07%	28	1.65	1	2.45	1
Invesco India - Invesco Global Consumer Trends Fund of Fund Invesco Asset Management (India) Private Limited	Global	5.7 yrs	₹25.3K Cr	18	-1.5%	50	+17.4%	20	+13.9%	43	+19.5%	30	+4.0%	28	28.71%	44	0.58	37	0.82	37
Invesco India - Invesco Global Equity Income Fund of Fund Invesco Asset Management (India) Private Limited	Global	12.3 yrs	₹60 Cr	35	+3.2%	14	+17.2%	21	+29.1%	28	+23.2%	22	+17.5%	4	14.43%	9	1.45	4	2.18	4
Invesco India - Invesco Pan European Equity Fund of Fund Invesco Asset Management (India) Private Limited	Europe	12.6 yrs	₹76 Cr	32	+6.0%	4	+15.7%	26	+41.7%	13	+21.1%	28	+15.3%	7	16.98%	15	0.91	26	1.34	26
Kotak Global Emerging Market Overseas Equity Omni FOF Kotak Mahindra Asset Management Company Limited.	Emerging	19.1 yrs	₹65.5K Cr	12	+2.0%	24	+17.6%	19	+47.0%	8	+24.0%	21	+11.5%	15	17.68%	19	0.96	23	1.35	25
Kotak Global Innovation Overseas Equity Omni FOF Kotak Mahindra Asset Management Company Limited.	Global	5.1 yrs	₹52.8K Cr	14	+2.4%	22	+21.7%	12	+31.3%	26	+22.1%	25	+8.2%	23	17.94%	21	0.96	24	1.40	23
Kotak International REIT Overseas Equity Omni FOF Kotak Mahindra Asset Management Company Limited.	Commodities	5.7 yrs	₹33 Cr	40	+0.9%	39	+4.3%	46	+12.6%	45	+10.5%	43	+3.3%	29	17.15%	16	-0.01	45	-0.02	45
Kotak Quality Overseas Equity Omni FOF Kotak Mahindra Asset Management Company Limited.	Global	0.4 yrs	₹28 Cr	44	+3.8%	11	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Kotak US Specific Equity Passive FOF Kotak Mahindra Asset Management Company Limited.	US Equity	5.6 yrs	₹144.7K Cr	3	+1.4%	32	+26.2%	5	+39.1%	14	+29.7%	4	+19.8%	2	19.32%	29	1.52	2	2.27	2
Mahindra Manulife Asia Pacific REITs FOF Mahindra Manulife Investment Management Pvt Ltd	Asia	4.9 yrs	₹10 Cr	49	+1.2%	36	+2.7%	48	+13.5%	44	+8.5%	45	—	—	13.71%	7	0.04	44	0.06	44
Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF Mirae Asset Investment Managers (India) Pvt. Ltd	Global	4 yrs	₹31 Cr	41	+1.3%	34	+12.8%	31	+56.8%	5	+13.7%	39	—	—	27.82%	43	0.19	43	0.27	43
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Mirae Asset Investment Managers (India) Pvt. Ltd	Global	4 yrs	₹17.5K Cr	23	+4.9%	9	+35.1%	1	+52.5%	7	+35.8%	2	—	—	25.10%	40	1.22	8	1.80	9
Motilal Oswal Developed Market Ex US ETFs Overseas Equity Passive FOF Motilal Oswal Asset Management Company Limited	Global	2.9 yrs	₹13 Cr	48	+5.0%	7	+14.2%	27	+35.5%	20	—	—	—	—	—	—	—	—	—	—
Navi NASDAQ100 US Specific Equity Passive FOF Navi AMC Limited	Nasdaq	4.5 yrs	₹60 Cr	34	+2.6%	20	+26.4%	4	+38.6%	16	+30.4%	3	—	—	20.82%	34	1.20	10	1.77	10
Navi Total Stock Market US Specific Equity Passive FoF Navi AMC Limited	US Equity	4.5 yrs	₹56 Cr	37	+3.7%	13	+19.9%	14	+33.8%	23	+26.0%	13	—	—	15.99%	14	1.28	7	1.94	6
PGIM India Emerging Markets Equity Fund of Fund PGIM India Asset Management Private Limite	Emerging	19.1 yrs	₹36.2K Cr	16	+5.6%	5	+12.5%	32	+32.7%	24	+24.0%	20	+2.8%	30	21.72%	35	0.75	30	1.05	32
PGIM India Global Equity Opportunities Fund of Fund PGIM India Asset Management Private Limite	Global	16.4 yrs	₹93.3K Cr	8	+0.2%	44	+16.6%	23	+14.0%	42	+16.4%	36	+5.6%	25	20.44%	33	0.52	38	0.74	39
PGIM India Global Select Real Estate Securities Fund of Fund PGIM India Asset Management Private Limite	Commodities	4.8 yrs	₹28 Cr	43	+0.4%	40	+13.2%	30	+24.2%	35	+15.4%	37	—	—	14.07%	8	0.70	33	1.03	33
SBI US Specific Equity Active FoF SBI Funds Management Limited	US Equity	5.5 yrs	₹87.5K Cr	9	+1.8%	25	+13.4%	28	+29.0%	29	+25.5%	15	+16.5%	6	18.24%	22	1.21	9	1.84	8
Sundaram Global Brand Theme-Equity Active FOF Sundaram Asset Management Company Ltd	Global	19.1 yrs	₹11.9K Cr	28	+3.0%	17	+11.1%	36	+24.9%	34	+17.5%	35	+11.4%	16	13.18%	5	1.03	19	1.51	18

What are international and overseas mutual funds in India?

International or overseas mutual funds in India are Fund of Funds (FOFs) that invest in foreign ETFs or actively managed equity funds, giving Indian investors access to global markets. All 51 funds on this page belong to the SEBI category FoF Overseas and are available as regular plan, growth option for distribution through AMFI registered mutual fund distributors. They cover Nasdaq 100, broad US equity, China and Asia, European markets, emerging markets, commodities, and global thematic strategies.

These funds are subject to RBI's overseas investment limits. When industry-wide limits are breached, SEBI may temporarily halt fresh subscriptions. Returns are in Indian Rupees and incorporate the currency exchange impact — making them a natural hedge against Rupee depreciation.

How does currency risk affect international fund returns?

Currency movement is a significant component of international fund returns for Indian investors. When the Rupee depreciates against the US Dollar — the long-term trend — US-focused international fund returns in INR terms receive a boost beyond the underlying market return. Rupee depreciation has historically added approximately 3-5% annually to US-focused fund returns in INR terms. This currency effect varies by geography — USD funds, CNY funds, and EUR funds all carry different currency dynamics.

How to use the Theme filter and column sorting?

Click any theme button above the table to filter by geographic or investment theme — Nasdaq, US Equity, Asia, Europe, Emerging Markets, Commodities, Global, or US Debt. Click again on All Funds to reset. Click any column header to sort all visible funds by that metric — useful for finding the best 1-year return across all international funds, or the highest Sharpe ratio across all themes. Rank shown is always relative to all 51 overseas funds, regardless of filter applied.

What is the difference between Nasdaq 100 and S&P 500 international FOFs?

Nasdaq 100 FOFs track an index concentrated in US technology — Apple, Microsoft, Nvidia, Alphabet and Amazon make up a large portion. S&P 500 funds track the broader US market across 500 companies spanning technology, financials, healthcare, consumer and industrials — more diversified with lower volatility. For MFDs recommending international exposure, Nasdaq 100 suits clients bullish on US technology with higher risk appetite. S&P 500 suits those wanting broad US market exposure with less concentration risk.

🌏 International & Overseas Mutual Funds — India

What are international and overseas mutual funds in India?

How does currency risk affect international fund returns?

How to use the Theme filter and column sorting?

What is the difference between Nasdaq 100 and S&P 500 international FOFs?