NASDAQ has hit an all-time high in the last few days. Rupee, on the other hand, has hit an all-time low against the dollar. Given the NASDAQ run, return on international funds that invest in the US markets in the last 1 year has been very good. (International funds are those mutual fund schemes which invest in foreign markets)
These funds can work as a good diversification tool, where you can look at investing less than 5% of your portfolio in such funds.
Some of the top performing international funds are
| Name of the fund | 1 year return | 3 year return | 5 year return |
| Motilal Oswal NASDAQ 100 Exchange Traded Fund | 40.82% | 22.13% | 19.79% |
| Franklin India Feeder Franklin US Opportunities Fund | 38.28% | 14.74% | 13.92% |
| DSP US Flexible Equity Fund | 31.95% | 15.66% | 12.63% |
| ICICI Prudential US Bluechip Equity Fund | 30.75% | 14.66% | 11.45% |
| Reliance US Equity Opportunities Fund | 30.05% | 15.61% | – |
Source: Value Research
Please note: Taxes on international funds are same as debt funds
| Short- term | <3 years | Taxed as per slab rate |
| Long- term | >3 years | 20% with indexation |
