They offer good option to invest in global markets for Indians or for global citizens to invest into India.
There are many stocks or businesses which are not available in the listed space in India. For example, cola companies, solar power, global oil giants, goggle, apple,etc. you can be a part of the growth stories of such companies through international funds that also help you diversify across geographies
In addition to the normal risks of investing in stocks, international funds also come with currency risks. This could happen due to fluctuations in the value of other markets' currency against the Indian rupee. While you will invest in rupee, the fund house will have to take exposure to international stocks in various currencies. Therefore, investors have to be prepared for currency risks because any fluctuation will directly impact the Net Asset Value (NAV) of the fund.
Note: Mutual Fund investments are subject to market risk. Please read the scheme related and offer document carefully before investing. Please take necessary precautions before investing. There is no assurance of any returns whatsoever.