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International funds deliver: How to pick the right global MF scheme

Diversified funds that invest in broad-based US equities or European stocks can be considered. Choosing thematic global funds can result in low returns even over 10 years

March 29, 2021 / 11:41 AM IST

Over the past several years, diversifying your portfolio with international equities or funds would have paid off well. As investors gained from the rally in the overseas (mostly US) markets, the size of international funds has grown substantially. Over the past one year, the top three funds have delivered 97 percent returns. But the bottom three funds have given just 26 percent on an average.

So, how do you choose the right fund among 46 international schemes?

Don’t rely on past returns

DSP World Mining Fund, a scheme that invests in equity shares of gold-mining companies, gave 95 percent return over the past one year. It’s among the five best international funds over this period. Guess its 10-year return? Just 2 percent!