International mutual funds allow Indian investors to access global equity markets through professionally managed schemes. These funds invest in overseas stocks or ETFs across regions such as the US, Europe, and other developed markets.
Evaluating funds based on 5‑year CAGR helps assess long‑term performance across different global market cycles. Based on available data for May 2026, the following international mutual funds stand out on this metric.
| Name | 5Y CAGR (%) | AUM (₹ crore) | Expense Ratio (%) | Sharpe Ratio | Alpha |
| Motilal Oswal Nasdaq 100 FOF | 25.11 | 5,987.35 | 0.21 | 2.78 | 19.47 |
| Kotak US Specific Equity Passive FOF | 21.12 | 3,592.01 | 0.24 | 2.66 | 18.98 |
| DSP US Specific Equity Omni FoF | 19.43 | 1,055.31 | 1.51 | 3.39 | 23.59 |
| SBI US Specific Equity Active FoF | 18.77 | 1,113.35 | 0.93 | 2.44 | 6.69 |
| Edelweiss US Technology Equity FOF | 18.20 | 3,255.17 | 1.51 | 1.85 | 19.49 |
| DSP World Mining Overseas Equity Omni FoF | 17.50 | 171.31 | 1.76 | 2.64 | 31.08 |
| Invesco India – Invesco Global Equity Income FoF | 17.39 | 212.10 | 0.78 | 2.02 | 13.58 |
| Edelweiss Europe Dynamic Equity Off‑shore Fund | 16.19 | 218.57 | 1.50 | 1.90 | 11.99 |
| Axis Global Equity Alpha FoF | 15.69 | 1,859.19 | 0.77 | 2.05 | 12.02 |
| Invesco India – Invesco Pan European Equity FoF | 15.11 | 152.95 | 0.59 | 2.17 | 15.47 |
Note: Data as on May 8, 2026
Motilal Oswal Nasdaq 100 FoF invests in the Nasdaq‑100 Index through underlying ETFs. The index consists of large non‑financial companies listed on the Nasdaq exchange, with a strong tilt towards technology‑led businesses.
The fund follows a passive investment strategy aimed at replicating index performance, subject to tracking error. Its returns are influenced by the performance of US growth stocks and movements in the global technology sector.
Kotak US Specific Equity Passive FoF provides exposure to US equities through passive overseas investments. The scheme seeks to mirror the performance of its underlying benchmark by investing in international ETFs or index‑linked funds.
It offers access to globally recognised companies across sectors such as technology, healthcare, finance, and consumer services. Fund performance may also be affected by foreign currency movements and global market conditions.
DSP US Specific Equity Omni FoF invests in overseas funds and ETFs that provide exposure to the US equity market. The scheme aims for long‑term capital appreciation by participating in businesses across multiple sectors.
It follows a fund‑of‑fund structure and does not invest directly in individual stocks. Returns are influenced by US equity market trends, sector performance, and currency fluctuations.
SBI US Specific Equity Active FoF is an actively managed international fund focused on US equity opportunities. The scheme takes active allocation calls through underlying overseas funds rather than tracking an index.
Its portfolio generally includes exposure to large global businesses across technology, healthcare, financial services, and consumer sectors. Fund performance depends on overseas market movements, active management decisions, and currency changes.
Edelweiss US Technology Equity FoF focuses on global technology companies through overseas technology‑oriented funds. The scheme targets long‑term growth trends in areas such as software, semiconductors, artificial intelligence, and digital platforms.
Due to its sector‑specific allocation, the fund may experience higher volatility than diversified global equity funds. Returns are closely linked to global technology sector performance.
DSP World Mining Overseas Equity Omni FoF invests in global mining and natural resource companies through overseas schemes and ETFs. The fund provides exposure to businesses involved in metals, minerals, and commodity production.
Its performance is influenced by global commodity cycles, mining sector profitability, and raw material demand. Mining‑linked equities introduce cyclical volatility to the fund’s return profile.
Invesco India – Invesco Global Equity Income FoF invests in overseas equity income‑oriented schemes. The portfolio typically includes companies with relatively stable earnings and dividend‑paying potential across developed markets.
Sector exposure may include healthcare, utilities, financials, and consumer businesses. Returns are influenced by global equity conditions, interest rate trends, and currency movements.
Edelweiss Europe Dynamic Equity Off‑shore Fund provides exposure to European equity markets through offshore investments. The scheme invests across developed European economies spanning multiple sectors.
It allows participation in regional trends across industrials, pharmaceuticals, luxury goods, and financial services. Fund performance is linked to European economic conditions, geopolitical developments, and currency fluctuations.
Axis Global Equity Alpha FoF invests in international equity schemes following active global investment strategies. The portfolio spans multiple regions and sectors, including technology, consumer, industrial, and healthcare companies.
The scheme aims for long‑term capital appreciation through global equity participation. Returns are impacted by worldwide market movements and exchange rate changes.
Invesco India – Invesco Pan European Equity FoF invests in overseas schemes focused on equities across multiple European countries. The fund provides exposure to companies operating in industrial manufacturing, healthcare, finance, and consumer sectors.
It offers regional diversification beyond Indian and US equity markets. Performance is influenced by European economic cycles, political developments, and currency movements.
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International mutual funds provide Indian investors access to global markets through diversified regional and sector exposure. Funds tracking US indices, global technology themes, and European equities reflect varying market dynamics and risk profiles.
Performance differences arise from investment style, geography, and sector concentration rather than domestic factors alone. As of May 2026, these schemes highlight the range of international equity opportunities available through mutual fund structures.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 7, 2026, 5:48 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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