International Mutual Funds in India

by Manshu on April 3, 2011

in Mutual Funds

This is another post from the Suggest a Topic page, and in this post we take a look at all the international mutual funds that are currently available to Indians.

These funds are sorted according to their category, and I’ve written a small description for them. In three or four cases I’ve just taken the description from the fund website itself, and if you want more information about them I’ve included the source at the end as well.

Do let me know if I’ve missed out any International mutual funds in India, and the starting point for this list was from Value Research.

Fund Category Description Link
Franklin Asian Equity Asia It’s an equity fund with the MSCI Asia (Ex Japan)  as its benchmark. http://bit.ly/fxdnfa
Hang Seng BeES China Passive ETF that seeks to replicate the returns of the Hang Seng Index http://bit.ly/dREMIT
JP Morgan JF Greater China Equity Off-shore China Fund of fund that invests primarily in a diversified portfolio of companies that are either incorporated in China, have their registered offices there or make most of their money from China. http://bit.ly/gkV52A
Mirae Asset China Advantage China Fund of fund that will invest in companies domiciled in China or whose primary operations are in China. http://bit.ly/funFPm
DSPBR World Mining Fund Commodities Fund of fund that invests primarily in BGF – World Mining Fund. http://bit.ly/gMsu9S
ING OptiMix Global Commodities Commodities It is a fund of fund and invests in various 3rd party global funds that provide access to commodity producers around the world. http://bit.ly/ijprtl
Mirae Asset Global Commodity Stocks Commodities An open ended equity fund, investing in equity and equity related securities of companies in Asia Pacific and Emerging markets that are engaged in commodity and commodities related sectors / sub sectors / industries, While the fund invests predominantly in commodity sectors like Agriculture, Metals & Materials, Energy etc, it would also target stocks of commodity related industries which provide support / services to companies engaged in commodity businesses. http://bit.ly/eiogvn
JP Morgan Emerging Eu, Mid East & Afr Eqt Off-Shore EMEA Fund of fund that invests in companies from an emerging market in Central, Eastern and Souther Europe, Middle East or Africa. http://bit.ly/gkV52A
HSBC Emerging Markets Emerging Market Invests in equity of India and other emerging markets. http://bit.ly/fxsDpI
Kotak Global Emerging Market Emerging Market Fund of fund that invest in mutual funds whose primary goal is to invest in emerging markets. http://bit.ly/f62C89
Principal Global Opportunities Emerging Market Fund of fund currently invested in Principal Global Investors Funds – Emerging Market Equity Fund http://bit.ly/hKZFxV
Tata Growing Economies Infrastructure Plan A Emerging Market Fund that has two plans and invests in overseas infrastructure securities. The percentage depends on which plan you choose. http://bit.ly/i2jmXr
Birla Sun Life International Equity Plan A Global Picks stocks from across the globe. Has partnered with S&P to recommend International stocks. http://bit.ly/gXRJfJ
DWS Global Thematic Offshore Fund Global Fund of funds that looks has the MSCI World Index as its benchmark. http://bit.ly/hlsklT
Sundaram Global Advantage Global Fund with allocation across global emerging equities,
commodities & real estate.
http://bit.ly/dI0IYJ
DWS Global Agribusiness Offshore Fund Global Agriculture Fund of funds whose underlying seeks to invest in companies that are linked to agriculture or allied industries. http://bit.ly/fJklDy
DSPBR World Energy Fund Global Energy Fund of funds that invests primarily in BGF – World Energy Fund and BGF – New Energy Fund http://bit.ly/eL6g8H
Fidelity Global Real Assets Global Tangible Assets Fund of funds that invests in stocks that have tangible assets like energy, materials, industrial, real estate and utilities companies. http://bit.ly/e2uvfi
AIG World Gold Gold The AIG World Gold Fund is an open-ended Fund of Funds scheme that invests in the equity of gold mining companies through Falcon Gold Equity Fund based in Zurich. http://bit.ly/i6gIwF
DSPBR World Gold Fund Gold Fund of funds whose underlying fund invests in global gold mining companies like Newcrest Mining Ltd. http://bit.ly/ecHftN
ING Latin America Equity Latin America Fund of fund that invests in Latin American stocks. http://bit.ly/ijprtl
ING Global Real Estate Retail Real Estate This is a fund of fund that invests primarily in small, mid and large-cap stocks in a number of different countries, including the U.S., that own, operate, develop or manage real estate http://bit.ly/ijprtl
Motilal Oswal MOSt Shares NASDAQ-100 ETF USA An ETF that will directly invest in NASDAQ 100 stocks. http://bit.ly/hj31f4
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{ 13 comments… read them below or add one }

Ashok April 3, 2011 at 11:36 pm

One data that is significant in “international” funds are their exposure to Indian equities. Some of the above funds invest atleast 65% in Indian equities to get into the “Indian Equity” category and consequent tax breaks i.e they don’t really provide diversification. Maybe you can add that data (if available) as a column to the table.

Reply

Manshu April 4, 2011 at 4:25 pm

Thanks for that suggestion – I checked a few funds in this list at random and didn’t see one that had more than 65% in Indian equities. Do you know of a fund in this list that does that? Might help me to get an idea on what kind of funds are doing that.

Reply

Salil A April 4, 2011 at 10:51 pm

http://www.lpacn.com/news/details.aspx?id=2011310114331

Mirae Indo China Consumption fund has 65% in Indian equities. But that doesn’t figure in the ValueResearch list. There is something about this 65% proportion in Indian equtities which I recall reading about but cant recall.

Reply

Salil A April 4, 2011 at 10:54 pm

Taxation
Global funds are treated as debt funds and are not subject to the Securities Transaction Tax. Short-term capital gains tax is charged if one is invested for less than a year, according to the investor’s tax slab.

Similarly, for over a year, long-term capital gains tax of 10 per cent without indexation or 20 per cent post indexation is charged.

In case of global funds that invest up to 65 per cent in the Indian domestic equity markets, the tax treatment is the same as domestic funds, and investors are eligible for the tax exemption on long-term gains from these funds.

Reply

Ashok April 5, 2011 at 2:49 am

Hi Manshu,

I also checked a few funds from the above list randomly and these seem to be “pure international” funds. So thanks for such a list. Some of them may still invest in India because their mother fund may be doing it as part of their emerging market strategy. But I guess that is okay.

There are a few funds, for e.g. Templeton India Equity Income Fund, ( not in the above list), which have more than 65% in Indian Equity.

Reply

Manshu April 5, 2011 at 5:05 pm

So looks like this list is fine then.

Reply

Atul April 4, 2011 at 7:11 pm

Hi Manshu,

Great information! Keep it up.

Regards

Atul

Reply

Manshu April 5, 2011 at 5:08 pm

Thanks Atul.

Reply

ASHOK AACHA November 9, 2011 at 3:43 pm

i wan to know the int. mutual fund in energy ,power sector with detail of NAV

Reply

Manshu November 9, 2011 at 7:29 pm

Looks like you are looking for a fund like DSPBR World Energy Fund. Google it up and you will find info on it.

Reply

Anusha June 27, 2013 at 3:04 am

I Want to know are there any International mutual funds in India which have underlying shares in US market.

Reply

Manshu June 27, 2013 at 5:35 am

Motilal Oswal MOSt Shares NASDAQ-100 ETF is the only one right now.

Reply

Anusha June 27, 2013 at 5:58 am

Thank you Manshu.

Reply

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