For domestic investors looking to get exposure to overseas stocks, especially the tech favorites in the US, investing in international funds or funds that have foreign stocks in their portfolio is a great way to do so. Here are top five overseas stocks held by Indian mutual funds in February that have given double-digit returns in 2023. (Source: Fisdom Research)
IANSHINDI
2/6
Alphabet Inc
Alphabet Inc, the parent of Google, is the most favoured stock of Indian mutual funds. Shares of Alphabet have risen about 14% so far this year on a year-to-date basis. Mutual funds owned about Rs 4,357 cr worth stock in Alphabet Inc in February
AP
3/6
Microsoft
Microsoft is the second most preferred stock among the tech giants in the US by domestic fund houses. They owned Rs 4,096 crore worth of stock in the company in February. Shares of Microsoft have given 16% returns to investors in 2023 so far
ETtech
4/6
Amazon
Mutual funds own about Rs 2,077 crore worth of stock in Amazon in February and it is the third most preferred stock after Google and Microsoft. The shares have surged 15.30% so far this year on a year-to-date basis
IANSHINDI
5/6
Apple Inc
Apple Inc featured fourth in the list of most favoured overseas stocks by Indian mutual funds as they own a stock worth Rs 1,760 crore in February. Shares of apple have given 23.93% returns so far in 2023
Reuters
6/6
Meta Platforms
Shares of Meta Platforms have surged 56.81% so far in 2023 and mutual funds own Rs 1,419 crore worth of stock in the company in February
