Widely read:
Ujjal Das/AI-Generated Image
Summary: One international fund on the open list returned 85 per cent over a year. Three weeks later, that number had moved to 67 per cent. The fund changed nothing. What that swing tells you about how much the one-year return should weigh in your decision is the more useful number.
A fortnight ago, three international funds would still take a lump sum from you. Today, only one will. We track which global funds remain open to fresh money, and this week the list did not move. So this is a good moment to stop watching the doors and look at what is on the list.
One number on it is doing most of the talking. It is also the number you should trust the least.
Look at one fund for a moment
Edelweiss Emerging Markets Opportunities is open for a fresh SIP. On June 3, its one-year return was about 85 per cent. By June 11, it had slipped to roughly 67 per cent. This week it sits near 75 per cent. The fund changed nothing. The market did. That is an 18-point swing on a single figure in three weeks.
Now ask the obvious question. If a number can move 18 points in three weeks, how much should it weigh in a decision you intend to hold for years?
The pattern holds across the whole list
The funds with the biggest one-year numbers are the same funds whose numbers swing the most. And several of them have compounded at under 10 per cent a year over five years. The one-year column rewards whichever market has just run hardest. Buy after the run, and you can inherit the fall.
The five-year column is the steadier guide. It moves too, just far less. Edelweiss US Technology, the strongest five-year performer on the list, eased from 19.6 per cent a fortnight ago to 17.5 per cent today. Even the steady column drifts. The one-year column lurches. Weigh them accordingly.
What changed this week
Nothing. For the second Friday running, access held steady. The same 12 funds accept a fresh SIP under the same caps. Baroda BNP Paribas Aqua remains the only fund that will take a lump sum. A flat week is itself worth knowing: no new door shut, and the one open lump-sum door stayed open.
| Measure | Jun-04 | Jun-12 | Jun-19 |
|---|---|---|---|
| Funds taking a lump sum | 3 | 1 | 1 |
| Funds taking a fresh SIP | 12 | 12 | 12 |
| Status as of June 18, 2026. A door reopens mostly when existing investors sell or when global markets fall and holdings shrink, freeing up a little room under the cap. | |||
The full list is still open for fresh SIPs
| Fund / Invests in | Lump sum? | SIP cap (Rs) | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Baroda BNP Paribas Aqua FoF / Global water theme | Yes | No cap | 20.3 | 13.7 | 10.6 |
| Franklin Asian Equity / Asia, ex-Japan | No | 50,000/mo | 54.1 | 21.3 | 8.7 |
| Franklin U.S. Opportunities Equity Active FoF / U.S. growth | No | 50,000/mo | 27.7 | 23.9 | 12.2 |
| PGIM India Global Equity Opportunities FoF / Global growth | No | 50,000/day | 31.2 | 20.9 | 10.3 |
| PGIM India Emerging Markets Equity FoF / Emerging markets | No | 50,000/day | 57.1 | 30.4 | 6.3 |
| PGIM India Global Select Real Estate Sec FoF / Global REITs | No | 50,000/day | 20.6 | 14.4 | NA |
| Edelweiss US Technology Equity FoF / U.S. technology | No | 5,000/mo | 44.7 | 31.6 | 17.5 |
| Edelweiss Europe Dynamic Equity Offshore / Europe | No | 5,000/mo | 29.3 | 23.5 | 15.6 |
| Edelweiss US Value Equity Offshore / U.S. value | No | 5,000/mo | 35.2 | 19.5 | 15.0 |
| Edelweiss Emerging Markets Opp. Equity Offshore / EM | No | 5,000/mo | 75.9 | 28.3 | 11.2 |
| Edelweiss ASEAN Equity Offshore / Southeast Asia | No | 5,000/mo | 25.9 | 14.6 | 10.0 |
| Edelweiss Greater China Equity Offshore / China, HK, Taiwan | No | 5,000/mo | 60.0 | 21.2 | 4.4 |
| CAGR (per cent), direct plan, growth. Status and returns as of June 18, 2026. SIP caps are per investor (PAN level); PGIM caps apply per day; the others per month. FoF means fund of funds, an Indian fund that routes your money into an overseas fund. Past returns do not guarantee future results. | |||||
Open is not the same as worth buying
An open door tells you a cap has room. It tells you nothing about whether the fund deserves your money. A hot one-year number tells you even less. Whether a fund is worth owning is a separate question from whether it will take your cheque, and from how it happens to look this particular week.
That gap, between what is open, what is dazzling, and what is worth holding, is the one the Value Research Fund Advisor is built to close. Check the verdict before you invest, not after.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
