 "funds")
The Nifty50 total return index (TRI) is up 10.1 per cent over the past three months. MNC funds, which invest in multinational companies, have on an average run up of 11.4 per cent over this period.
The four active funds in this category -- from Aditya Birla Sun Life, ICICI Prudential, SBI, and UTI Asset Management Company (AMC) -- have a combined AUM (assets under management) of Rs 12,760 crore. Kotak AMC launched the first passive product in this category, an exchange-traded fund, at the beginning of this month.
The sectors to which MNC funds have large exposure participated in the recent rally. “Most of the MNC stocks belong to segments like FMCG (fast moving consumer goods) or industrials (which
