Top MNC Mutual Funds in India 2024

MNCs have created more employment opportunities for Indian nationals, they have shared international best practices, and most importantly provided support to the local community. The growth rate of India's GDP has averaged around 6% per year, with MNCs contributing through increased investment and market participation. Investing in the Best MNC mutual fund in India can help investors diversify their portfolios and gain exposure to globally famous companies. With the help of this blog, we will understand everything related to MNC mutual fund, their benefits, risks, and a lot more.
 

What are MNC Mutual Funds?

MNC Mutual Funds are thematic funds that invest in a basket of different Multinational Companies across sectors and industries. Investing in such funds can provide you exposure to Indian corporate giants with a global presence as well as international companies with Indian subsidiaries. Apart from tapping into the potential of the domestic market, MNC funds let you capitalise on the potential of international markets and global economic trends. 

Further, MNC mutual funds generally invest in a wide gamut of sectors, helping you seek a well-diversified portfolio with the potential to deliver market-beating returns. However, it is important to note that multinational companies often face higher risks due to exposure in both domestic and international markets.
 

 

List of Best MNC Mutual Funds in India

Here is the list of Best MNC Mutual Funds in India:

Name

AUM (Rs in Cr.)

5% CAGR (%)

P/E Ratio (%)

Volatility(%)

ICICI Prudential Mutual Funds

1,453.16

0.00

37.07

7.77

UTI MNC Fund

2,610.32

10.96

42.71

8.10

SBI Magnum Global Fund

6,272.50

16.24

49.37

8.05

Aditya Birla Sun Life MNC Fund

3,449.25

8.96

47.07

8.02

Disclaimer— All the information mentioned above is accurate as of 20th June 2024. However, it is important to conduct research before making any investment decisions in these mutual funds.
 

Overview of Best MNC Mutual Funds of 2024

Here is an overview of the Best MNC mutual fund:

  1. ICICI Prudential Mutual Funds: ICICI Prudential MNC Fund Direct is a thematic mutual fund scheme that focuses on MNCs, offered by ICICI Prudential Mutual Fund. The fund has a history of 4 years and 8 months since its launch on May 28, 2019.
  2. UTI MNC Funds: UTI MNC Fund Direct-Growth is also a thematic mutual fund scheme focusing on MNCs offered by UTI Mutual Fund. The fund has a track record of 11 years and 1 month since its launch on January 1, 2013.
  3. SBI Magnum Global Funds: SBI Magnum Global Direct Plan-Growth is a kind of equity mutual fund scheme provided by SBI Mutual Fund. This fund is currently managed by its fund manager, Rama Iyer Srinivasan.
  4. Aditya Birla SL MNS Funds: Aditya Birla Sun Life MNC Fund Direct-Growth is also an equity mutual fund scheme offered by Aditya Birla Sun Life Mutual Fund. This fund is currently overseen by its fund manager, Chanchal Khandelwal.
     

4 Important Things to Know Before Investing in MNC Mutual Funds

Choosing the best MNC Mutual Funds requires you to consider a plethora of factors thoroughly. Some of the key factors one needs to keep in mind while investing in these types of thematic funds are listed below:

  1. Investment Objectives: The mutual fund that you wish to invest in must align with your investment goals and time horizon. For instance, if your goal is to save for a house within the next 10 years, the fund you choose must produce a return that will get you closer to your goals within the time frame.
  2. Investment Risk: Although most MNC funds come with high-risk investments, the actual risks affecting their performance may vary slightly. It is significant to choose funds with a risk profile that matches your risk tolerance.
  3. Returns: The performance of funds is another major factor that can help you choose the right option. It is important to compare mutual funds' historical returns with their benchmark and other similar funds to gauge their performance and potential for wealth creation.  However, it has to be kept in mind that past performance is not a guarantee of future returns. 
  4. Expense Ratio: The fee that a mutual fund scheme levies on investors is called an expense ratio.      It helps cover the operational and administration costs associated with the fund. Since the expense ratio directly impacts overall returns it's better to opt for funds with lower fees to reduce costs and enhance long-term returns.
     

Conclusion
To sum up, investing in the Best MNC mutual fund in India can be a great way to diversify your portfolio and gain exposure to well-known international companies. These funds are desirable for investors because they offer both growth potential and stability. However, it's important to conduct thorough research before investing in them. You can start exploring the Nifty MNC mutual fund by downloading a stock market app to get real-time market data and analysis.

Disclaimer:  The information in this article is for general informational purposes only and does not constitute any financial advice. Hence, users are advised to independently exercise diligence in verifying complete information, internal sources and other third-party sources believed to be reliable. 

Frequently Asked Questions

MNC funds come with certain kinds of risks that an investor must be aware of. These funds are exposed to risks related to the different countries and regions in which they operate. The risks can be regulatory or legal, political instability, crime and violence, cultural sensitivities, and fluctuations in currency exchange rates.

Investing in mutual funds offers several benefits such as professional management, diversification, liquidity, low cost, tax benefits, affordability, safety, and transparency.

There is no better time to begin investing. It is, however, very difficult to time the markets and although the markets are due for a correction, it would not be a wise decision to wait further. It is better to invest in different mutual fund categories.

The currency risk - being one of the advantages - can also become a disadvantage as fluctuations in exchange rates can impact the value of investments denominated in foreign currencies. Political and economic instability in foreign markets is another risk to investors.