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Global Diversification

Mutual Funds Investing Across the Globe

Indian mutual funds with exposure to international markets — from Wall Street to Shanghai, Tokyo to London. Discover which funds invest where and how global diversification strengthens your portfolio.

Data as of March 2026 • NAV-based analysis
8
Regions Covered
15+
International Funds
Available in India
₹42K Cr
AUM in International
Fund Category
22%
Avg 3Y CAGR
Top International Funds

Global Investment Footprint

Regions where Indian mutual funds have active exposure — sized by number of funds investing
🇺🇸
United States
12
Funds Investing
🇪🇺
Europe
7
Funds Investing
🇨🇳
China / HK
5
Funds Investing
🇯🇵
Japan
4
Funds Investing
🌏
SE Asia
3
Funds Investing
🇧🇷
Latin America
2
Funds Investing
🌍
Global / Multi
10
Funds Investing
🇮🇳
India + Global
8
Hybrid Exposure

Fund × Region Allocation Heatmap

How much each fund allocates to major global regions — Gold = heavy exposure, Blue = moderate, Grey = light
Fund Name 🇺🇸 USA 🇪🇺 Europe 🇨🇳 China/HK 🇯🇵 Japan 🌏 SE Asia 🇮🇳 India 🌐 Others
Motilal Oswal Nasdaq 100 98% 2%
Motilal Oswal S&P 500 97% 3%
Franklin India Feeder – US Opp 92% 4% 4%
Parag Parikh Flexi Cap 28% 68% 4%
ICICI Pru US Bluechip Equity 95% 5%
DSP Global Innovation FoF 62% 18% 8% 5% 3% 2% 2%
Edelweiss Gr China Equity 82% 12% 3% 3%
Nippon India Japan Equity 94% 6%
PGIM India Global Equity Opp 55% 22% 8% 6% 4% 2% 3%
Kotak Global Emerging Mkt 5% 8% 35% 22% 18% 12%
SBI International Access – US 96% 4%
Mirae Asset NYSE FANG+ ETF 90% 5% 3% 2%
🇺🇸

United States

Largest global equity market • $52T market cap
Motilal Oswal Nasdaq 100 FoF +29.4% 3Y
Motilal Oswal S&P 500 Index +18.6% 3Y
ICICI Pru US Bluechip Equity +16.8% 3Y
Franklin India Feeder – US Opp +17.2% 3Y
Mirae Asset NYSE FANG+ ETF FoF +26.1% 3Y
🇪🇺

Europe

Diversified developed markets • UK, Germany, France, Switzerland
DSP Global Innovation FoF +14.8% 3Y
PGIM India Global Equity Opp +13.5% 3Y
Invesco India – Pan European Equity +11.2% 3Y
Kotak Global Emerging Mkt FoF +9.7% 3Y
🇨🇳

China / Hong Kong

World's second-largest economy • High growth potential
Edelweiss Greater China Equity Off-shore -4.2% 3Y
Kotak Global Emerging Mkt FoF +9.7% 3Y
DSP Global Innovation FoF +14.8% 3Y
🇯🇵

Japan

Third-largest economy • Innovation & manufacturing hub
Nippon India Japan Equity Fund +8.4% 3Y
PGIM India Global Equity Opp +13.5% 3Y
DSP Global Innovation FoF +14.8% 3Y

Typical US-Focused Fund Allocation

Where your money goes in a Nasdaq 100 / S&P 500 fund
98%US Equities
Tech 42%
Consumer 16%
Healthcare 14%
Financials 10%
Industrials 8%
Others 10%

Typical Global Diversified Fund

Multi-region allocation across developed & emerging markets
6+Regions
USA 45%
Europe 15%
China/HK 12%
Japan 8%
SE Asia 8%
India 7%
Others 5%

3-Year CAGR by Fund

Annualized returns — US-focused funds dominate
Nasdaq 100
29.4%
FANG+ ETF
26.1%
S&P 500
18.6%
Franklin US
17.2%
DSP Global
14.8%
PGIM Global
13.5%
Kotak EM
9.7%
Japan Equity
8.4%
China Equity
-4.2%

1-Year Returns Snapshot

Trailing 1-year performance across global regions
Nasdaq 100
34.2%
FANG+ ETF
32.5%
S&P 500
24.8%
DSP Global
19.4%
PGIM Global
17.6%
Japan Equity
14.8%
Kotak EM
12.9%
China Equity
8.6%

Global Fund Comparison — Key Metrics

Side-by-side view of AUM, expense ratio, returns, and regional focus for all major international funds
Fund Name AUM (₹Cr) Expense % 1Y Return 3Y CAGR 5Y CAGR Primary Region
Motilal Oswal Nasdaq 100 5,840 0.50% 34.2% 29.4% 24.8% USA
Mirae Asset NYSE FANG+ 3,120 0.58% 32.5% 26.1% USA
Motilal Oswal S&P 500 6,210 0.49% 24.8% 18.6% 16.2% USA
Franklin India Feeder US 3,450 1.54% 22.1% 17.2% 15.4% USA
ICICI Pru US Bluechip 4,180 1.85% 21.4% 16.8% 14.9% USA
DSP Global Innovation 1,260 0.78% 19.4% 14.8% Global
PGIM India Global Equity 980 1.12% 17.6% 13.5% 11.8% Global
SBI International Access US 2,840 0.52% 23.6% 17.9% USA
Kotak Global Emerging Mkt 420 1.52% 12.9% 9.7% 7.4% Emerging
Nippon India Japan Equity 310 1.45% 14.8% 8.4% 9.2% Japan
Edelweiss Gr China Equity 180 1.28% 8.6% -4.2% -1.8% China

Region Risk Profile

Currency risk, political risk, and volatility characteristics by global region
🇺🇸

United States

Moderate

Deep liquid markets with strong regulation. Currency risk from INR/USD fluctuation is the primary factor. Tech-heavy indices can be volatile.

🇪🇺

Europe

Moderate

Diversified across countries but faces slower growth. EUR/INR adds currency layer. Quality blue-chips with dividend focus.

🇨🇳

China / HK

High

Regulatory unpredictability and geopolitical tensions create elevated risk. High growth potential but sharp drawdowns possible.

🇯🇵

Japan

Low-Moderate

Stable economy with aging demographics. JPY/INR offers some diversification. Strong corporate governance reforms underway.

Most Held Global Stocks by Indian MFs

Top stocks appearing across multiple international and flexi cap funds — based on latest portfolio disclosures
Stock Country Sector Found in Funds Avg Weight 1Y Performance
Apple Inc. 🇺🇸 USA Technology 8 funds 6.8% +28.4%
Microsoft Corp. 🇺🇸 USA Technology 8 funds 7.2% +22.6%
Amazon.com 🇺🇸 USA E-Commerce 7 funds 5.4% +38.2%
Alphabet Inc. 🇺🇸 USA Technology 7 funds 5.8% +32.1%
NVIDIA Corp. 🇺🇸 USA Semiconductors 6 funds 4.6% +78.5%
Meta Platforms 🇺🇸 USA Technology 6 funds 3.8% +45.3%
Taiwan Semiconductor 🇹🇼 Taiwan Semiconductors 5 funds 3.2% +52.4%
Samsung Electronics 🇰🇷 S. Korea Technology 4 funds 2.6% -8.4%
Tencent Holdings 🇨🇳 China Technology 3 funds 3.4% +18.7%
Toyota Motor Corp 🇯🇵 Japan Automotive 3 funds 2.8% +12.3%

Currency Impact on Returns (INR terms)

How currency movements affect fund returns for Indian investors
USD/INR
+3.8% boost
EUR/INR
+2.1% boost
JPY/INR
-1.2% drag
CNY/INR
+0.8% boost

Expense Ratio Comparison

Total expense ratio (TER) — lower is better for long-term wealth
MO S&P 500
0.49%
MO Nasdaq
0.50%
SBI Intl US
0.52%
FANG+ ETF
0.58%
DSP Global
0.78%
PGIM Global
1.12%
Japan Eq
1.45%
ICICI US
1.85%

Key Insights & Takeaways

Strategic considerations for building a globally diversified mutual fund portfolio
🌐

US Dominance Is Real

Over 75% of international fund AUM from India flows into US equities. The Nasdaq 100 and S&P 500 remain the most popular routes for global diversification.

💱

Currency Adds a Layer

Rupee depreciation against the dollar has historically added 3-5% annual boost to US fund returns when measured in INR terms. This is a structural tailwind.

⚖️

Expense Ratios Vary Wildly

Index-based international funds charge 0.49-0.58%, while active FoFs charge 1.5-1.9%. Over 20 years, this difference can erode 15-20% of your corpus.

🏗️

China — High Risk, High Reward

Chinese equities have delivered negative 3Y returns due to regulatory crackdowns. But for contrarian investors, current valuations may offer opportunity.

🇯🇵

Japan's Renaissance

Corporate governance reforms and Warren Buffett's Japan bets have renewed interest. Nippon India Japan Equity is the only dedicated fund available.

📊

Tax Efficiency Matters

International funds are taxed as debt funds in India (slab rate). This makes them less tax-efficient than domestic equity funds. Plan your allocation accordingly.

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Our mission is simple — help everyday investors make informed decisions using the same analytical frameworks that professionals use.

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Disclaimer: All data sourced from Groww, Tickertape, Advisorkhoj, ET Mutual Funds & Scripbox (as of March 2026). All returns shown are for Direct Growth plans. Past performance is not indicative of future returns. This platform is for educational purposes only and does not constitute financial advice. Please consult a SEBI-registered investment advisor before making any investment decisions.