Nifty sulking but mutual fund investors make up to 8% returns with Wall Street funds

With the Indian stock market struggling and benchmark indices — Nifty50 and BSE Sensex — down by 0.62% and 0.30%, respectively, last week, some mutual fund investors have turned to international markets for better returns. The funds with exposure to Wall Street have delivered stellar performance offering up to 8% returns in the said period with NASDAQ -100 up by 5.41%.

Edelweiss US Technology Equity FOF, the topper in the category, offered 8.15% return in the last one week. Mirae Asset S&P 500 Top 50 ETF FoF and Franklin India Feeder - Franklin U.S. Opportunities Fund gave 7.80% and 7.48%, respectively.




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Mirae Asset NYSE FANG+ETF FoF offered a 6.80% return in the same period. Two funds benchmarked against NASDAQ 100 offered up to 6.63% and 6.52%, respectively, in the period.

Navi US Total Stock Market FoF and Axis NASDAQ 100 FoF delivered 5.93% each. Bandhan US Equity FoF and Nippon India US Equity Opp Fund gained 5.68% and 5.44%, respectively.

SBI International Access-US Equity FoF gained 5.32% in the last one week. Motilal Oswal Nasdaq 100 FOF, benchmarked against NASDAQ - 100, delivered 5.20% in the same period.

Nippon India Taiwan Equity Fund gave 5.09% return in the mentioned period. Two funds from Edelweiss Mutual Fund — Edelweiss US Value Equity Offshore Fund and Edelweiss Gr China Equity Off-Shore Fund — offered 3.97% and 3.64%, respectively.

Invesco India - Invesco EQQQ NASDAQ-100 ETF FoF and Kotak NASDAQ 100 FoF posted returns of around 3.23% and 3.21%, respectively. ICICI Prudential US Bluechip Equity Fund gave 2.91% in the last one week.

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Axis Greater China Equity FoF, based on the Chinese economy, gave a 2.57% return in the same period. Mirae Asset Hang Seng TECH ETF FoF delivered a 1.42% return.

Five funds, however, gave negative returns in the mentioned period. Kotak International REIT FOF and Mahindra Manulife Asia Pacific REITs FOF lost the most of around 2.69% and 2.23%, respectively, in the last one week. HSBC Brazil Fund posted a negative return of 1.11% in the last one week.

Franklin India Feeder - Templeton European Opportunities Fund and Invesco India - Invesco Pan European Equity FoF lost around 0.10% and 0.09%, respectively, in the last one week.

We have considered all international funds, regular and growth options and calculated the performance for the last one week.

Note, the above exercise is not a recommendation. It was done to find how intentional funds, particularly Wall Street funds, performed. One should not make investment or redemption decisions based on the above exercise.

One should always consider risk appetite, investment horizon, and goals before investing.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)