# International mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/international-funds

International funds invest in shares outside India, usually through funds or ETFs abroad (fund of funds), so their returns include currency moves against the rupee. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 44 international funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +27.9% a year, 5-year return +14.0% a year (both annualised), volatility over 3 years 18.1%, expense ratio 0.62%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [Mirae Asset NYSE FANG + ETF Fund of Fund Direct Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-nyse-fang-etf-fund-of-fund-direct-growth) | +74.5% | +68.1% | +40.9% | 27.2% | -43.7% | 0.03% | ₹2,707 Cr |
| 2 | [Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-s-p-500-top-50-etf-fund-of-fund-direct-growth) | +69.4% | +53.7% | +32.8% | 23.9% | -29.9% | 0.02% | ₹847 Cr |
| 3 | [Motilal Oswal Nasdaq 100 Fund of Fund- Direct Plan Growth](https://www.rudowealth.com/mutual-funds/motilal-oswal-nasdaq-100-fund-of-fund-direct-plan-growth) | +32.4% | +40.0% | +24.5% | 26.9% | -30.4% | 0.19% | ₹8,354 Cr |
| 4 | [Kotak US Specific Equity Passive FOF - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/kotak-us-specific-equity-passive-fof-direct-plan-growth) | +35.3% | +34.4% | +21.9% | 18.4% | -29.1% | 0.34% | ₹4,542 Cr |
| 5 | [HDFC Developed World Overseas Equity Passive FOF - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/hdfc-developed-world-overseas-equity-passive-fof-direct-plan-growth-option) | +27.0% | +28.5% | +17.6% | 12.3% | -19.6% | 0.21% | ₹1,733 Cr |
| 6 | [Invesco India - Invesco Global Equity Income Fund of Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/invesco-india-invesco-global-equity-income-fund-of-fund-direct-plan-growth) | +15.6% | +23.7% | +17.0% | 14.2% | -20.4% | 0.81% | ₹312 Cr |
| 7 | [Edelweiss Europe Dynamic Equity Offshore Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/edelweiss-europe-dynamic-equity-offshore-fund-growth-option-direct-plan) | +18.2% | +26.3% | +15.8% | 12.8% | -23.7% | 0.57% | ₹283 Cr |
| 8 | [Axis Global Equity Alpha Fund of Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/axis-global-equity-alpha-fund-of-fund-direct-plan-growth-option) | +20.1% | +26.1% | +15.7% | 13.2% | -19.9% | 0.80% | ₹2,535 Cr |
| 9 | [HSBC Asia Pacific (Ex Japan) Dividend Yield Fund - Growth Direct](https://www.rudowealth.com/mutual-funds/hsbc-asia-pacific-ex-japan-dividend-yield-fund-growth-direct) | +30.6% | +28.6% | +15.2% | 14.2% | -25.2% | 0.82% | ₹86 Cr |
| 10 | [Axis Global Innovation Fund of Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/axis-global-innovation-fund-of-fund-direct-plan-growth) | +26.2% | +29.6% | +15.1% | 18.0% | -30.8% | 0.85% | ₹926 Cr |
| 11 | [Aditya Birla Sun Life Global Excellence Equity Fund Of Fund - Retail Plan - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-global-excellence-equity-fund-of-fund-retail-plan-direct-plan-growth-option) | +22.7% | +23.7% | +15.0% | 12.4% | -28.9% | 0.68% | ₹223 Cr |
| 12 | [Invesco India - Invesco Pan European Equity Fund of Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/invesco-india-invesco-pan-european-equity-fund-of-fund-direct-plan-growth-option) | +25.0% | +21.4% | +14.9% | 14.7% | -24.7% | 0.49% | ₹230 Cr |
| 13 | [HSBC Brazil Fund - Growth Direct](https://www.rudowealth.com/mutual-funds/hsbc-brazil-fund-growth-direct) | +49.6% | +24.7% | +14.4% | 24.8% | -28.9% | 0.92% | ₹338 Cr |
| 14 | [Sundaram Global Brand Theme - Equity Active FoF Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sundaram-global-brand-theme-equity-active-fof-direct-plan-growth) | +16.2% | +20.1% | +13.2% | 12.0% | -24.2% | 1.37% | ₹174 Cr |
| 15 | [Aditya Birla Sun Life International Equity Fund - Growth - Direct Plan](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-international-equity-fund-growth-direct-plan) | +18.2% | +23.5% | +13.2% | 12.6% | -16.6% | 2.00% | ₹328 Cr |
| 16 | [Kotak Global Emerging Market Overseas Equity Active FOF - Growth - Direct](https://www.rudowealth.com/mutual-funds/kotak-global-emerging-market-overseas-equity-omni-fof-growth-direct) | +35.2% | +28.6% | +12.9% | 17.2% | -27.4% | 0.77% | ₹1,730 Cr |
| 17 | [HSBC Global Emerging Market Fund - Growth Direct](https://www.rudowealth.com/mutual-funds/hsbc-global-emerging-market-fund-growth-direct) | +40.2% | +31.1% | +12.9% | 18.4% | -28.0% | 0.74% | ₹519 Cr |
| 18 | [Edelweiss Emerging Markets Opportunities Equity Offshore Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/edelweiss-emerging-markets-opportunities-equity-offshore-fund-direct-plan-growth-option) | +45.2% | +31.8% | +12.6% | 16.7% | -32.7% | 0.56% | ₹275 Cr |
| 19 | [Nippon India Japan Equity Fund- Direct Plan- Growth Plan- Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-japan-equity-fund-direct-plan-growth-plan-growth-option) | +29.1% | +24.6% | +12.1% | 13.9% | -27.7% | 1.39% | ₹353 Cr |
| 20 | [Aditya Birla Sun Life Global Emerging Opportunities Fund - Direct plan - Growth Option](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-global-emerging-opportunities-fund-direct-plan-growth-option) | +22.7% | +22.7% | +11.7% | 15.4% | -22.5% | 0.54% | ₹282 Cr |
| 21 | [Kotak Global Innovation Overseas Equity Active FOF- Direct Plan -Growth](https://www.rudowealth.com/mutual-funds/kotak-global-innovation-overseas-equity-omni-fof-direct-plan-growth) | +30.7% | +28.3% | +11.7% | 15.5% | -39.9% | 0.47% | ₹840 Cr |
| 22 | [ICICI Prudential Global Advantage Fund (FOF) - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/icici-prudential-global-advantage-fund-fof-direct-plan-growth-option) | +11.2% | +21.2% | +10.8% | 14.0% | -25.8% | 0.64% | ₹416 Cr |
| 23 | [ICICI Prudential Global Stable Equity Fund (FOF) - Direct - Growth](https://www.rudowealth.com/mutual-funds/icici-prudential-global-stable-equity-fund-fof-direct-growth) | +13.8% | +15.2% | +10.5% | 10.1% | -14.2% | 0.54% | ₹94 Cr |
| 24 | [Edelweiss ASEAN Equity Off-shore Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/edelweiss-asean-equity-off-shore-fund-direct-plan-growth-option) | +17.3% | +17.5% | +9.9% | 10.9% | -16.3% | 0.69% | ₹165 Cr |
| 25 | [Franklin Asian Equity Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/franklin-asian-equity-fund-direct-growth) | +32.0% | +24.5% | +9.3% | 17.0% | -32.9% | 1.60% | ₹996 Cr |
| 26 | [Baroda BNP Paribas Aqua Fund of Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/baroda-bnp-paribas-aqua-fund-of-fund-direct-plan-growth-option) | +7.9% | +15.9% | +8.7% | 15.2% | -26.5% | 0.56% | ₹65 Cr |
| 27 | [Axis Greater China Equity Fund of Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/axis-greater-china-equity-fund-of-fund-direct-plan-growth-option) | +18.3% | +24.2% | +8.4% | 19.9% | -37.7% | 0.57% | ₹4,062 Cr |
| 28 | [PGIM India Global Equity Opportunities Fund of Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/pgim-india-global-equity-opportunities-fund-of-fund-direct-plan-growth) | +7.5% | +19.2% | +7.5% | 19.2% | -43.4% | 0.56% | ₹1,644 Cr |
| 29 | [Edelweiss Greater China Equity Off-shore Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/edelweiss-greater-china-equity-off-shore-fund-direct-plan-growth-option) | +22.3% | +26.1% | +6.8% | 20.3% | -44.8% | 0.74% | ₹3,079 Cr |
| 30 | [Invesco India - Invesco Global Consumer Trends Fund of Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/invesco-india-invesco-global-consumer-trends-fund-of-fund-direct-plan-growth) | -1.9% | +27.2% | +6.0% | 27.8% | -48.2% | 0.56% | ₹487 Cr |
| 31 | [PGIM India Emerging Markets Equity Fund of Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/pgim-india-emerging-markets-equity-fund-of-fund-direct-plan-growth) | +27.1% | +27.6% | +5.5% | 20.2% | -45.4% | 0.54% | ₹1,414 Cr |
| 32 | [Kotak International REIT Overseas Equity Active FOF - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/kotak-international-reit-overseas-equity-omni-fof-direct-plan-growth) | -2.1% | +10.9% | +3.0% | 15.7% | -25.5% | 0.64% | ₹104 Cr |
| 33 | [Nippon India Taiwan Equity Fund- Direct Plan- Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-taiwan-equity-fund-direct-plan-growth-option) | +128.8% | +62.9% | N/A | 35.4% | N/A | 1.12% | ₹1,128 Cr |
| 34 | [Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund - Direct Plan- Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-global-x-artificial-intelligence-technology-etf-fund-of-fund-direct-plan-growth) | +43.3% | +41.2% | N/A | 23.6% | N/A | 0.11% | ₹480 Cr |
| 35 | [Navi NASDAQ100 US Specific Equity Passive FOF- Direct- Growth](https://www.rudowealth.com/mutual-funds/navi-nasdaq-100-fund-of-fund-direct-growth) | +36.1% | +34.4% | N/A | 18.5% | N/A | 0.26% | ₹1,252 Cr |
| 36 | [Invesco India - Invesco EQQQ Nasdaq-100 ETF Fund of Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/invesco-india-invesco-eqqq-nasdaq-100-etf-fund-of-fund-direct-plan-growth) | +35.9% | +34.4% | N/A | 18.6% | N/A | 0.47% | ₹469 Cr |
| 37 | [Aditya Birla Sun Life US Equity Passive FOF-Direct-Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-us-equity-passive-fof-direct-growth) | +35.4% | +34.4% | N/A | 18.9% | N/A | 0.32% | ₹523 Cr |
| 38 | [Axis NASDAQ 100 US Specific Equity Passive FOF - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/axis-us-specific-equity-passive-fof-direct-plan-growth) | +34.9% | +33.8% | N/A | 18.2% | N/A | 0.29% | ₹220 Cr |
| 39 | [DSP Global Innovation Overseas Equity Omni FoF - Direct - Growth](https://www.rudowealth.com/mutual-funds/dsp-global-innovation-overseas-equity-omni-fof-direct-growth) | +27.7% | +31.1% | N/A | 16.6% | N/A | 1.18% | ₹1,447 Cr |
| 40 | [Motilal Oswal Developed Market Ex US ETFs Fund of Funds Direct Plan Growth](https://www.rudowealth.com/mutual-funds/motilal-oswal-developed-market-ex-us-etfs-fund-of-funds-direct-plan-growth) | +23.6% | +23.7% | N/A | 11.7% | N/A | 0.05% | ₹39 Cr |
| 41 | [Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF- Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-global-electric-autonomous-vehicles-equity-passive-fof-direct-plan-growth) | +18.7% | +18.7% | N/A | 26.0% | N/A | 0.10% | ₹66 Cr |
| 42 | [Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/mirae-asset-hang-seng-tech-etf-fund-of-fund-direct-plan-growth-option) | -32.6% | +18.5% | N/A | 32.2% | N/A | 0.02% | ₹76 Cr |
| 43 | [PGIM India Global Select Real Estate Securities Fund of Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/pgim-india-global-select-real-estate-securities-fund-of-fund-direct-plan-growth-option) | +9.1% | +15.5% | N/A | 14.7% | N/A | 0.78% | ₹61 Cr |
| 44 | [Mahindra Manulife Asia Pacific REITs FOF - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/mahindra-manulife-asia-pacific-reits-fof-direct-plan-growth) | +2.1% | +11.2% | N/A | 15.5% | N/A | 0.52% | ₹41 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

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RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.