Top 5 MNC Mutual Funds in India

Investing in multinational corporation (MNC) mutual funds can be an attractive option for those seeking exposure to globally diversified companies with strong financial performance. In this article, we delve into the performance, expenses, and other essential metrics of some of the leading MNC mutual funds in India, including Aditya Birla Sun Life MNC Fund, UTI MNC Fund, ICICI Prudential MNC Fund, HDFC MNC Fund, and SBI Magnum Global Fund. By examining these funds’ historical returns, expense ratios, and other key data.

Following are the 5 available MNC Funds in India:

Data as of July 30, 2024.

Aditya Birla Sun Life MNC Fund

Aditya Birla Sun Life MNC Fund is managed by Aditya Birla Sun Life Mutual Fund in the equity: thematic-MNC category. It was launched on 01-12-1999 and follows the NIFTY MNC TRI benchmark with a TER of 1.99% as of 31-05-2024. This open-ended scheme requires a minimum investment and top-up of Rs 1,000. As of 30-06-2024, the fund has total assets of Rs 4,034.95 crore and a turnover of 19%, with an exit load of 1% if redeemed within 90 days. The NAV as of 29-07-2024 is 1420.87. The fund has a CAGR of 16.1% since inception compared to the benchmark’s 13.99%.

UTI MNC Fund

The UTI MNC Fund managed by UTI Mutual Fund, is an open-ended equity fund launched on 01-08-2005. As of 31-05-2024, the fund has a TER of 2.0%. The minimum investment is Rs. 5,000, with a minimum top-up of Rs. 1,000. As of 30-06-2024, the total assets are Rs. 3,101.12 crore, with a turnover of 41%. There is an exit load of 1% if redeemed within one year. The NAV as of 30-07-2024 is Rs. 415.0846. The fund has a CAGR of 16.08% since inception, compared to the benchmark’s 13.99%.

ICICI Prudential MNC Fund

ICICI Prudential MNC Fund managed by ICICI Prudential Mutual Fund, falls under the Equity: Thematic-MNC category and was launched on June 5, 2019. This open-ended scheme, benchmarked against NIFTY MNC TRI, has a Total Expense Ratio (TER) of 2.12% as of June 30, 2024. The minimum investment required is Rs 5,000, with a minimum top-up of Rs 1,000. As of June 30, 2024, the fund’s total assets amount to Rs 1,745.93 crore, and it has a turnover rate of 51%, with an exit load of 1% if redeemed within 12 months. The Net Asset Value (NAV) as of July 29, 2024, is Rs 29.51. The fund has achieved a Compound Annual Growth Rate (CAGR) of 23.52% since inception, compared to the benchmark’s 13.99%.

HDFC MNC Fund

HDFC MNC Fund managed by HDFC Mutual Fund. It was launched on 09-03-2023. The fund has a Total Expense Ratio (TER) of 2.42% as of 30-06-2024. It is an open-ended scheme with a minimum investment and top-up amount of Rs 100. The total assets of the fund were Rs 637.3 crore as of 30-06-2024, with a turnover of 36.04%. The fund has an exit load of 1% if redeemed within one year. The NAV as of 30-07-2024 was Rs 14.926. The fund has achieved a CAGR of 33.16% since inception, compared to its benchmark’s 13.99%.

SBI Magnum Global Fund

SBI Magnum Global Fund managed by SBI Mutual Fund, is an equity thematic MNC fund launched on September 30, 1994. It follows the NIFTY MNC TRI benchmark with a TER of 1.87% as of June 30, 2024. The fund is an open-ended scheme with a minimum investment requirement of Rs 5,000 and a minimum top-up of Rs 1,000. As of June 30, 2024, it has total assets of Rs 6,689.44 crore and a turnover rate of 31%. The fund has an exit load of 1% if redeemed within 12 months. The NAV on July 29, 2024, was Rs 378.2085. The fund has a CAGR of 16.94% since inception, compared to its benchmark’s 13.99%.

Dreaming of financial freedom? Use our Online SIP Calculator to see how regular investments can add up to grow wealth. Take the first step towards your goals. Calculate now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.