Last Updated on Oct 2, 2023 by Anjali Chourasiya
Are you looking to invest in funds that have the potential to outperform the market? In that case, you should look at MNC Mutual funds. They are equity mutual funds and usually invest in stocks of multinational companies linked to a theme. In that regard, they are well diversified and may invest in several sectors tackling market volatility. Let’s look at the best MNC funds in India.
Table of Contents
List of best MNC Mutual Funds in India
|Name||AUM (Rs. in cr.)||3Y CAGR (%)||5Y CAGR (%)||Expense Ratio (%)||Volatility (%)||Minimum Lumpsum (Rs.)|
|ICICI Pru MNC Fund||1,453.16||28.51||0.00||0.99||7.77||5,000.00|
|SBI Magnum Global Fund||6,272.50||22.62||16.24||1.21||8.05||5,000.00|
|UTI MNC Fund||2,610.32||17.17||10.96||1.16||8.10||5,000.00|
|Aditya Birla SL MNC Fund||3,449.25||12.59||8.96||1.28||8.02||1,000.00|
Note: The data is from 1st October 2023 and sorted using Tickertape Mutual Fund Screener using the below-mentioned parameters:
- Category > Equity > Thematic – MNC Fund
- Plan: Growth (default)
- CAGR 3-yr: Sort from high to low
You can choose from over 50 filters to narrow the list of the best MNC Mutual funds based on your preferred criteria.
About the best MNC Mutual funds of 2023
ICICI Prudential MNC Fund
A joint venture between ICICI Bank and Prudential Plc, this mid-sized fund manages assets worth Rs. 1,453.16 cr. and is known for its focus on pharmaceuticals and IT services and consulting. With a stellar 3-yr CAGR of 28.51%, the ICICI Prudential MNC fund is a great option for investors looking to grow their wealth. Plus, the starting amount of SIP is Rs. 5,000.
- Equity – 89.43%
- Cash and equivalents – 8.40%
- Rights – 2.17%
SBI Magnum Global Fund
A company with a 30-yr track record in fund management and a proud lineage tracing back to India’s largest bank, SBI Magnum Global Fund consistently delivers value to its investors. Led by Mr R Srinivasan, the SBI Magnum Global fund portfolio is predominantly invested in equity, mainly in auto stocks, FMCG, IT Services and consulting, etc. Intriguingly, they allow SIP with a minimum lump sum amount of just Rs. 5,000.
Asset allocation –
- Equity – 95.82%
- Cash and equivalents – 4.18%
UTI MNC Fund
UTI MNC is a mid-sized fund handling assets of Rs. 2,610.32 cr. Their portfolio mainly consists of equity investments in auto stocks, including auto parts, four-wheelers, and FMCG household products, among other sector stocks. Moreover, they allow SIP with a minimum lump sum of just Rs. 5,000, making it easier for you to start investing.
Asset allocation –
- Equity – 96.78%
- Cash and equivalents – 3.04%
- Treasury Bills – 0.14%
- Corporate Debt – 0.04%
Aditya Birla Sun Life MNC Fund
This mid-sized fund has caught the attention of investors with its impressive portfolio, which is mostly invested in equity across a range of sectors, including FMCG household products, home electronics and appliances, pharmaceutical stocks, and auto stocks. Additionally, they offer the convenience of SIP with a minimum lump sum of just Rs. 1,000, making investing even more accessible to the masses.
Asset allocation –
- Equity – 98.99%
- Cash and equivalents – 1.01%
MNC Mutual funds are known for generating consistent returns. Handled by experienced Fund Managers, who will constantly keep their watchful eyes on the industry’s happenings, the portfolio of these MNC funds is upgraded continuously to evade losses. Now, let’s look at factors you must consider before investing in MNC mutual funds.
Four things to know before investing in MNC Mutual Funds
MNC Mutual Funds are an increasingly popular investment option for investors. However, before investing in MNC Mutual Funds, there are a few important things that investors should consider:
- Review the past performance of the fund in both bearish and bullish phases.
- Consider involved costs such as entry and exit loads and expense ratios.
- Evaluate financial goals and ensure they align with the fund’s objectives.
- Look at other factors, such as Assets Under Management and Net Asset Value, to assess the fund’s reliability and investor engagement.
While MNC Mutual Funds may come with higher risks, their potential for higher returns has made them an attractive investment option for many investors. However, before investing, it is essential to consider factors such as past performance, costs, financial goals, and other basics to assess the fund’s reliability and potential for growth.
With the proper research and analysis, you can make informed decisions and tap into the growth potential of these funds.
What are the risks associated with MNC funds?
Thematic funds come with certain risks that investors must be aware of. Market risks arise from downward market movements, while concentration risk is higher as these funds’ portfolios are concentrated in a particular theme. While strong performance can yield high returns, volatility risk can lead to sudden drops in investment value due to price changes in the shares.
What are the benefits of investing in UTI MNC funds?
The core benefit of investing in UTI MNC Funds is that the fund has demonstrated a strong long-term performance record over a longer period, outperforming the benchmark while exhibiting relatively lower volatility.
What is the preferred investment option for maximising returns: MNC funds or fixed deposits?
MNC funds may offer potentially higher returns but are riskier, while fixed deposits provide a stable, low-risk investment option with lower returns. The choice depends on an individual’s investment goals and risk tolerance.
What is the NAV (Net Asset Value) of Aditya Birla Sun Life MNC Fund?
The NAV of Aditya Birla Sun Life MNC Fund is Rs. 1,180.01. It is comparatively higher than the UTI MNC Fund and ICICI Pru MNC Fund.