International funds, including top performers like Mirae Asset NYSE FANG+ETF FoF, showed strong growth. However, concerns arise with Sebi s restrictions on overseas ETF investments and varying earnings growth in indices like Hang Seng and CSI 300.
Equity mutual funds recorded varying returns in April. Among the 488 schemes, HDFC Defence Fund stood out with a 12.56% return, while Edelweiss US Technology Equity FOF suffered the most with a loss of 5.14%.
Passive funds show interesting trends in March 2024 indiainfoline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiainfoline.com Daily Mail and Mail on Sunday newspapers.
Indian investors can either open an international trading account and buy stocks directly. They could also invest in US stocks through ETFs and mutual funds
ETMutualFunds also compared the performance of these 20 equity schemes with their respective benchmarks. Out of these 20 schemes, four schemes have failed to beat their respective benchmarks.