Top 10 Indian Mutual Funds With Highest Overseas Allocation — SkimNews
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- Edelweiss Technology Fund ranked first among domestic equity schemes with 24.38% of net assets invested overseas (₹197 crore in international holdings), though its direct plan returned only 4.25% over one year as of October 11, 2026.
- Franklin India Technology Fund placed second at 20.03% overseas allocation (₹352 crore), but recorded the weakest one-year return among the 10 funds at -12.19%.
- Kotak Pioneer Fund ranked third with 16.81% overseas allocation worth ₹720 crore and a 7.56% one-year return on its direct plan.
- Parag Parikh Flexi Cap Fund ranked only eighth by overseas allocation percentage but held the largest absolute international value at ₹16,300 crore, illustrating the gap between portfolio share and dollar exposure.
- SBI Children's Fund – Investment Plan delivered the highest one-year return among the 10 schemes at 13.58%, followed by Axis Innovation Fund at 12.15%.
- DSP Natural Resources and New Energy Fund (13.22% overseas) returned 8.56% while SBI Technology Opportunities Fund (13.19% overseas) returned -9.94%, highlighting wide performance dispersion among the cohort.
Why it matters: Indian investors seeking global diversification without an overseas brokerage can use domestic funds, but the spread of one-year returns (from +13.58% to -12.19%) shows that higher overseas allocation does not equate to better performance. The source explicitly flags that tech-focused schemes are sensitive to global valuation swings and currency movements, making the ranking a starting point rather than a buy signal.
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