International mutual funds fetch 6% returns in one month! Should you invest or stay cautious?
mutual funds have topped the return chart and offered an average return of around 6.01% in the last one month. Around 65 international funds or global funds have completed one month of existence in the market.
Among these 65 funds, nine offered double-digit returns. The top three funds were from the Chinese economy. Mirae Asset Hang Seng TECH ETF FoF gave the highest return of around 48.86% in the last one month, followed by Edelweiss Gr China Equity Off-Shore Fund which gave 23.61% return in the same time period. Axis Greater China Equity FoF gave 21.74% return in the last one month.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-114271086»>Also Read | Rs 2,000 cr outflow in 6 months! New income tax regime takes toll on ELSS mutual funds
Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF and DSP World Mining FoF gave 13.75% and 13.20% returns respectively in the same time period. The other four gave returns between 10.73% to 11.62% in the mentioned period.
The international funds have been the laggards for a long time by either being at the last position in the return chart even after offering positive returns or giving negative returns in some horizons. Mutual fund experts believe that this recent performance is after the announcement of stimulus package by China which attracted FII inflows and the surge in the liquidity from FIIs pushed the markets to multi-highs and gave huge returns.
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