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Best International Mutual Funds For 2021

This blog contains a list of the best international funds currently being recommended on the Cube Wealth app. Find out how Cube Wealth makes it easier for busy professionals to invest in international companies from the comfort of their home.
March 1, 2021

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[Updated on 16th July 2021]

Picking stocks on your own can be challenging especially when it comes to international companies because there are too many options and factors that you need to evaluate.  

However, there’s a solution: International mutual funds! In this blog, we’ll walk you through some fundamentals and share some of the best international funds currently being recommended on Cube Wealth. 

What Are International Mutual Funds?

International funds are Indian equity funds that invest in the shares of foreign companies like Apple, Amazon, Barclays, Deutsche Bank, Fiat, Novartis, etc. 

International mutual funds ensure that you do not have to deal with the time-consuming and complex task of picking individuals foreign stocks on your own. 

A fund manager does that for you with the fund’s portfolio of international holdings. But that’s not all. Investing in an international fund is as easy as investing in any other mutual fund. 

Other highlights of international funds:

  • You don’t need a brokerage account
  • There’s no LRS requirement
  • Historical returns of 16-20%
  • Low minimum investment amount

Top 7 Best International Mutual Funds For 2021

1. Edelweiss Greater China Equity Off-shore Fund

Edelweiss Greater China Equity Off-shore Fund allows you to benefit from the growth of the Chinese market for long term wealth creation goals. It is a fund of fund scheme that means it invests in another mutual fund, JPMorgan Funds - JF Greater China Equity Fund, and not shares like other equity funds.

Edelweiss Greater China Equity Off-shore Fund has generated 50.31% returns over the past year. The fund has been active since 2009.

  • AUM: ₹1,630 Cr
  • Returns since launch: 15.53%
  • 1-Year Returns: 50.31%
  • 3-Year Returns: 23.00%
  • 5-Year Returns: 24.75%
  • Type: Open-ended equity scheme
  • Benchmark: MSCI Golden Dragon
  • Fund manager: Bhavesh Jain

2. Franklin India Feeder - Franklin U.S. Opportunities Fund

Investing in the Franklin India Feeder - Franklin U.S. Opportunities Fund saves you the time of picking individual US stocks on your own.

It's an open-ended equity fund that invests in the Franklin U.S. Opportunities Fund, which taps into the growth of the US stock market by investing in solid companies like Amazon, Apple, Microsoft, etc.

  • AUM: ₹3,163 Cr
  • Returns since launch: 19.75%
  • 1-Year Returns: 29.13%
  • 3-Year Returns: 21.72%
  • 5-Year Returns: 20.83%
  • Type: Open-ended equity scheme
  • Benchmark: Russell 3000 Growth
  • Fund manager: Mayank Bukrediwala

Fun fact: Franklin India Feeder invests in a parent fund known as the Franklin U.S. Opportunities Fund.

3. Nippon India Japan Equity Fund

Nippon India Japan Equity Fund invests in equity and equity related securities listed on the Japanese stock exchange like Toyota Motor Corporation, Hitachi, and others.

  • AUM: ₹174 Cr
  • Returns since launch: 7.86%
  • 1-Year Returns: 18.97%
  • 3-Year Returns: 10.25%
  • 5-Year Returns: 10.51%
  • Type: Open-ended equity scheme
  • Benchmark: Tokyo Stock Price
  • Fund managers: Kinjal Desai, Anju Chhajer

4. Motilal Oswal S&P 500 Index Fund

Motilal Oswal S&P 500 Index Fund mirrors its underlying index, the S&P 500. This means that the portfolio of the fund consists of the 500 stocks listed on the S&P 500 like Apple, Google, Tesla, Berkshire Hathaway, and more.

  • AUM: ₹1,385 Cr
  • Returns since launch: 35.47%
  • 1-Year Returns: 28.40%
  • Type: Open-ended equity scheme
  • Benchmark: S&P 500 TRI
  • Fund managers: Herin Visaria, Abhiroop Mukherjee

5. PGIM India Global Equity Opportunities Fund

PGIM India Global Equity Opportunities Fund is a fund of funds scheme that invests in foreign or global mutual funds to generate long term wealth.

  • AUM: ₹769 Cr
  • Returns since launch: 11.75%
  • 1-Year Returns: 31.20%
  • 3-Year Returns: 27.03%
  • 5-Year Returns: 10.51%
  • Type: Open-ended equity scheme
  • Benchmark: MSCI All Country World TRI
  • Fund manager: Ravi Adukia

6. Motilal Oswal Nasdaq 100 Fund of Fund

Motilal Oswal Nasdaq 100 Fund of Fund invests in the Motilal Oswal Nasdaq 100 ETF, which makes it a fund of fund scheme. Motilal Oswal Nasdaq 100 ETF mirrors the Nasdaq 100 index.

  • AUM: ₹2,602 Cr
  • Returns since launch: 36.48%
  • 1-Year Returns: 34.65%
  • Type: Open-ended equity scheme
  • Benchmark: Nasdaq 100
  • Fund managers: Swapnil P Mayekar, Abhiroop Mukherjee

7. Invesco Pan European Equity Fund

This fund allows investors to take part in the growth of the European market. Invesco Pan European Equity Fund invests in high growth European companies.

  • AUM: ₹24 Cr
  • Returns since launch: 3.87%
  • 1-Year Returns: 36.54%
  • 3-Year Returns: 4.94%
  • 5-Year Returns: 7.85%
  • Type: Open-ended equity scheme
  • Benchmark: MSCI Europe - ND
  • Fund managers: Swapnil P Mayekar, Abhiroop Mukherjee

Note: All facts and figures are updated as of 16/07/2021 and are taken from publicly available sources. While we update our pages regularly, we advise you to check the Cube Wealth App for the latest data.

How To Invest In International Mutual Funds?

Investing in international funds is as simple as investing in any other mutual fund. This means that you have two options:

1. Buy International Funds Using Investment Apps

Intermediaries like investment apps allow you to buy regular international mutual funds. Regular international mutual funds typically have a higher expense ratio than direct international mutual funds. But they're ideal for busy professionals who have no time to for in-depth research.

2. Buy International Funds From AMC

AMCs offer a way to buy "direct" international mutual funds. The investment cost, mainly the expense ratio, for direct mutual funds is lower than regular mutual funds.

However, you'll have to do the research yourself and pick international funds that suit your investment portfolio.

Here's how handpicked mutual funds work on the Cube Wealth app


Shriram Shekhar
Shriram is a Consultant at CubeWealth. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. His love for philosophy, developing products, and empowering people through quality content is what got him to CubeWealth.

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