US-focused funds have done well over the past 15-18 months. For instance, Mirae Asset NYSE FANG+ ETF, Bandhan US Equity fund-on-fund (FoF) and Mirae Asset S&P 500 Top 50 ETF have delivered returns of 61 percent, 43 percent and 41 percent, respectively, over the last one year. Meanwhile, the Nifty 50 total return index delivered 27 percent during the period.
Of the 73 international funds, 20 schemes invest primarily in US stocks. Of these, seven track the performance of the Nasdaq 100 index. Other schemes cover the various segments of the US equity markets.
