The Mirae Asset NYSE FANG+ETF FoF currently leads the overseas fund‑of‑funds category, delivering a three‑year compound annual growth rate of 44.1%, according to ACE MF data released on July 22.
It is followed by the Motilal Oswal Nasdaq 100 FOF, which returned 36.8%, and the Kotak US Specific Equity Passive FOF, which returned 29.7% over the same period.
The ranking considers only schemes with assets under management of at least Rs 1,500 crore. Among the top five funds that meet this threshold, the Motilal Oswal Nasdaq 100 FOF has the largest corpus, amounting to Rs 8,267.2 crore.
Benchmark comparison shows the Mirae Asset fund outperformed its benchmark by 27.3 percentage points over three years, while the benchmark returned 16.8%. On a one‑year basis it beat the benchmark by 23.8 percentage points, with the benchmark at 4.4%.
In the one‑month window there is no change at the top; Mirae Asset remains ahead by 0.3%. The three‑month window also keeps Mirae Asset on top, with a 12.7% lead.
However, when the one‑year window is used, Motilal Oswal Nasdaq 100 FOF takes the lead, showing a 62.1% return.
These variations illustrate why rankings can differ depending on the period examined. A short‑term leader may not be the same as the fund that performs best over a longer horizon.
It is important to assess overseas FoF funds against schemes with similar investment mandates. Comparing returns across unrelated categories can be misleading because risk, asset allocation and strategy differ markedly.
A table of the top five overseas FoF funds by three‑year CAGR is available for reference, but readers should focus on funds that match their own investment objectives and risk tolerance.