International funds: Bridge over troubled waters

International funds have faced rough weather in recent years, with the double whammy of poor performance in 2022 and the change in tax rules scarring them soon after. But loyalty finally paid off for those who endured the turbulence, as these funds saw a smart uptick in 2023. Nasdaq-100 was particularly impressive, delivering 55 per cent returns last year, outperforming even our very own BSE SmallCap index's 47.5 per cent.