15 Top Performing International Mutual Funds – 30% Returns in 1 month – What is cooking?

Top Performing International Mutual Funds – 30% Returns in 1 month


Indian stock market has been crashing in the last 2 months. Some of your mutual funds would have fallen up to 30% returns in the last 2 months. International Mutual Funds that invests outside India has been zooming up in the last 1 month. There are almost over 15 mutual funds that gave  20% to 30% in the last 1 month. In this article we would review Top performing International Mutual Funds that gave 20% to 30% returns in the last 1 month and whether one should invest in such funds or avoid.

Also Read: Best Index Mutual Funds to invest in covid-19 crisis

15 Top Performing International Mutual Funds in the last 1 month


Let me provide the list of international mutual funds that are rocking now in this covid-19 crisis too. We have excluded gold funds in our analysis. Data as on 24th April 2020.

List of Top 15 International Mutual Funds in 2020 - Upto 30 percent returns-2

15 Top Performing International Mutual Funds – 30% Returns in 1 month – What is cooking?


Let us get into details on what is really cooking up and whether you should invest in such funds or not.

1) Edelweiss US Value Equity Offshore Fund


The mutual fund scheme invests in JPMorgan Funds – US Value Fund, an equity fund which invests primarily in a value style based portfolio of US companies.

While this fund gave 27% returns in 1 month due to US stocks bouncing back after correction, the strategy of the fund is not working well and we could see lower annualised returns of 4% in the last 3 to 5 years.

You can ignore such mutual funds as of now.

2) Motilal Oswal Nasdaq 100 FOF


The mutual fund invests in the units of Motilal Oswal Nasdaq 100 ETF which is one of the top performing international ETF which I have been recommending for the past few years.

This fund came 1 year back and gave 22% returns in last 1 year and 27% returns in last 1 month due to US stocks bouncing back after correction. Since it invests in NASDAQ 100 ETF which is one of the top performing ETF, one can invest in such funds. Alternatively, you can invest directly in Motilal Oswal NASDAQ 100 ETF directly.

3) Edelweiss US Technology Equity Fund of Fund


The mutual fund invests in JPMorgan Funds – US Technology Fund, an equity fund which invests primarily in US technology companies with strong fundamentals.

This fund is relatively new that got floated 6 weeks back and last 1 month returns are 26%. I would personally like to avoid new funds.

4) Franklin India Feeder Franklin US Opportunities Fund


The mutual fund invests predominantly in units of Franklin U.S. Opportunities Fund, an overseas Franklin Templeton mutual fund, which primarily invests in securities in the USA. The fund principally invests in small, medium and large capitalisation U.S. companies with strong growth potential across a wide range of sectors.

This fund is a consistent performer where it gave 17% returns since inception, 12% annualized returns in the last 5 years, 18% annualized returns in the last 3 years, 13% returns in the last 1 year and 27% returns in the last 1 month. Last 1 month high returns are due to US stocks bouncing back after major correction.

5) Motilal Oswal NASDAQ 100 Exchange Traded Fund


The scheme invests in an ETF that corresponds to the performance of NASDAQ 100 Index, subject to tracking error. This is actually not a fund, but an ETF.

This ETF is a consistent performer where it gave 22% returns since inception, 18% annualized returns in the last 5 years, 23% annualized returns in the last 3 years, 23% returns in the last 1 year and 26% returns in the last 1 month. Again, here, higher returns in last 1 month are due to US stocks bouncing back after stock market correction. Motilal Oswal NASDAQ 100 ETF is one of the best ETF fund.

6) Nippon India US Equity Opportunities Fund


The MF invests in equity and equity related securities of companies listed on recognized stock exchanges in the US and the remaining in debt and money market securities in India.

This fund has inconsistent performance in the last 3-5 years. Though this fund gave 26% returns in the last 1 month (due to US stocks bouncing back after correction), one need to wait and watch its performance in short to medium term before investing in them.

7) DSP World Energy Fund


The mutual fund would predominantly invest in units of BlackRock Global Funds – World Energy Fund and BlackRock Global Funds – New Energy Fund. In addition to this, a significant part of its corpus would be invested in units of other similar overseas mutual fund.

This fund gave 0% returns in the last 10 years and 5% negative returns in the last 5 years. Though it gave 25% returns in just 1 month due to markets bouncing back, there is nothing exciting about this fund. Just ignore such funds.

8) Edelweiss Europe Dynamic Equity Offshore Fund


The MF invests predominantly in the JPMorgan Funds – Europe Dynamic Fund, an equity fund which invests primarily in an aggressively managed portfolio of European companies.

Again, there is nothing exciting in the European markets in the last 5 to 10 years. This fund gave 0% returns in the last 5 years, ignore even this fund.

9) DSP US Flexible Equity Fund


The invests predominantly in units of BlackRock Global Funds US Flexible Equity Fund. The scheme may also invest in units of other similar overseas mutual fund schemes.

This fund is a moderate performer where it gave 12% annualized returns in the last 7 years, 8% annualized in 5 years, 1% in 1 year and 22% in 1 month. Last 1 month return is majorly due to US stocks bouncing back.

One can avoid such fund of funds as of now.

10) HSBC Global Consumer Opportunities Fund


The mutual fund invests predominantly in units of HSBC Global Investment Funds (HGIF) China Consumer Opportunities Fund.

Coronavirus crisis emerged from China has almost collapsed the entire world. While China is recovering slowly and due to this you are seeing nice returns in the last 1 month, recovery of Chinese company’s sales might take some time. One can avoid such funds that invests in China markets as of now.

11) PGIM India Global Equity Opportunities Fund


The MF invests predominantly in units of overseas mutual funds, focusing on agriculture and/or would be direct and indirect beneficiaries of the anticipated growth in the agriculture and/or affiliated/allied sectors.

The investment objective of the fund is working well and paying off in the last 3 to 5 years.  This fund gave 6% annualized returns in the last 5 years, 17% returns in the last 3 years, 17% returns in the last 1 year and 22% returns in the last 1 month.

One can try, and invest such mutual funds where the strategies are working well.

12) Aditya Birla Sun Life Global Emerging Opportunities Fund


The MF invests primarily in units of Julius Baer Equity Next Generation Fund.

This fund gave 2% annualized returns in the last 5 years, 9% returns in the last 1 year and 22% returns in the last 1 year.

Nothing exciting about this fund, one can ignore.

13) ICICI Prudential US Blue Chip Equity Fund


The fund invests in equity and equity related securities of companies listed on recognized stock exchanges in the United States of America. The scheme shall also invest in ADRs/GDRs issued by Indian and foreign companies.

This is one of the consisting performing mutual fund schemes. This fund gave 15% annualized returns in 7 years, 11% annualized returns in 5 years, 9% returns in 1 year and 22% returns in 1 month. Last 1 month returns is again mainly due to US stocks bouncing back after correction.

14) Edelweiss ASEAN Equity Off-shore Fund


The MF invests predominantly in JPMorgan Funds – JF ASEAN Equity Fund, an equity fund that invests primarily in companies of countries which are members of the Association of South East Asian Nations (ASEAN).

Nothing exciting about this fund. The fund gave 0% returns in 5 years, 19% negative returns in 1 year and 21% returns in 1 month. Last 1 month is again just a bounced back in stock markets. Just avoid such funds.

15) ICICI Prudential Global Stable Equity Fund (FOF)


The MF invests in the units of overseas mutual fund schemes, which have the mandate to invest globally. Accordingly, the Scheme intends to invest in the units/shares of Nordea 1 – Global Stable Equity Fund – Unhedged (N1 – GSEF – U) and/or other overseas mutual funds.

Nothing exciting about this fund. The fund gave 5% returns in 5 years, 2% returns in 1 year and 21% returns in 1 month. Just avoid such funds as of now.

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Suresh KP

Top Performing International Mutual Funds – 30% Returns in 1 month

Suresh KP
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8 comments

  • JOSE

    Sir
    Thanks for the article. Why Nasdaq 100 FoF gave more return than N100 ETF?Because of nore tracking error for ETF? or Due to debt investment in FoF?

  • Shri

    Hi Sir

    What is your opinion on ICICI Prudential US Blue Chip

  • Mani Sriram

    Hi, Very interesting article. However I would like to pose a few questions vis-a-vis a eye popping returns at this time, though US equities in general were doing well until covid struck them and they have become very volatile.
    1. Is all this return due to performance of fund or due to Rupee sliding heavily down with respect to USD in the past couple of months?
    2. Has the impact of recently introduced 5% tax for any overseas remittance included? This is applicable over 7 Lac, but the AMC will be combining all the subscription together and hence it is likely to cross this limit every time they buy into the overseas fund units. This means 5% of the investment (beyond 7 Lac) is automatically shaved off from the capital while investing itself
    3. Most of them invest again in the overseas MF and bank upon the Overseas AMC management team, who have their own fund management charges deducted from the USD NAV. So in addition, what is the management fee applied by the Indian AMC? Does it match that of ETF fee? (after all overseas fund managers are doing all the cart pulling)
    4. When it is redeemed, there is a exchange services GST is applied.
    So has the return calculation considered all of the above additional expenses that is not applicable to Indian MF shares?

    • Hello Mani, Good questions 1) The performance is in INR, hence the returns would also include any forex changes 2) These are pure fund returns and would not have any taxes included 3) Management fees charged by the fund includes all fees including any overseas management fund fees 4) These are treated like any other mutual fund, hence no separate service taxes are applied

  • Ritti

    Sir i am investing in Nippon india tax saver elss fund. It is giving me -23% what should i do with it.. Quit or stay with it

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