India Offshore Funds Surge: Up to 32.7% Returns in Q1FY27

India-focused offshore equity funds and ETFs delivered robust returns up to 32.7% in Q1FY27, as detailed in a recent Morningstar report. This significant performance sharply contrasted with the MSCI India USD Index, which recorded a notable 12% decline during the same period.

The substantial outperformance by these specialized investment vehicles highlights a particularly strong quarter for offshore products targeting the Indian market. Investors seeking exposure to India saw considerable gains, demonstrating a divergence from broader index movements.

Morningstar’s analysis specifically identified five funds that led this impressive surge, showcasing distinct success in navigating the market conditions of Q1FY27.

Top Performing Offshore Funds

• Taishin India led with approximately 32.7% return and $15 million in Assets Under Management (AUM) as of June 2026.
• Aditya BSL India Qul D$Acc posted a 25.5% return, managing $8 million in AUM by June 2026.
• SBI Resurgent India Opps delivered 24.4%, with its AUM at $76 million as of June 2026.
• AsahiLife Neuberger India Gr Eq Fd D4Y recorded a 23.9% return, holding $31 million in AUM in June 2026.
• Wasatch Emerging India Investor generated 23.1%, commanding the largest AUM among the top five at $273 million as of June 2026.

These detailed figures from the Morningstar report underscore the strong individual performance of select India-focused offshore investment vehicles. Their collective ability to generate substantial positive returns during a period when the benchmark index fell demonstrates a distinct and noteworthy market dynamic for these funds.