 "Mutual funds, MF, Mutual fund")
While multinational corporation funds or MNC funds have been around for several years, HDFC Mutual Fund’s recent new fund offer has brought the spotlight back to this thematic category. While the category, on average, has beaten the Nifty50 Total Return Index over the 10-year period, it has lagged behind over shorter horizons.
Fund houses like SBI, UTI, Aditya Birla Sun Life, and ICICI Prudential have active funds in the category while Kotak offers an exchange-traded fund based on the Nifty MNC Index. Altogether fund houses manage ~12,315 crore under this category.
Where do they invest?
MNC funds invest in stocks
