Top MNC Mutual Funds in India – Meaning, Full Form & NAV
MNC funds invest in multinational corporations that earn significant revenue from both domestic and international operations. These companies use their scale advantage to support profitable exports to many countries. Investors see these funds within broader categories such as thematic mutual funds. MNC equity funds include top-ranking companies with wide geographic presence and strong brand recognition. These characteristics strengthen their market position and influence their performance across different market cycles. This article covers the top MNC funds in India for 2025 and explains key factors that potential investors may want to understand.
List of Top MNC Mutual Funds for 2025
Here is a list of the top MNC funds sorted by AUM:
| Name | AUM (Rs. in cr.) | CAGR 3Y | CAGR 5Y | Expense Ratio | NAV | Alpha | Absolute Returns - 1Y | Volatility |
|---|---|---|---|---|---|---|---|---|
| SBI MNC Fund | 5961.6 | 8.6 | 14.2 | 1.3 | 400.4 | 3.2 | -0.3 | 11.5 |
| Aditya Birla SL MNC Fund | 3734.8 | 14.0 | 11.8 | 1.3 | 1506.8 | 5.6 | 2.4 | 12.2 |
| UTI MNC Fund | 2904.4 | 14.8 | 15.7 | 1.3 | 453.2 | 7.2 | 6.2 | 11.7 |
| Kotak MNC Fund | 2211.3 | 0.0 | 0.0 | 0.6 | 10.8 | 8.1 | 9.0 | 12.3 |
| ICICI Pru MNC Fund | 1727.6 | 15.6 | 20.4 | 1.1 | 31.5 | 6.9 | 6.5 | 11.2 |
| HDFC MNC Fund | 603.2 | 0.0 | 0.0 | 1.2 | 13.9 | 5.4 | 0.3 | 12.6 |
| Nippon India MNC Fund | 410.1 | 0.0 | 0.0 | 1.2 | 10.8 | 0.0 | 0.0 | 8.9 |
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Note: The data on the list is from 20th November 2025. This data is derived from the Tickertape Mutual Funds Screener.
🚀 Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Overview of Top MNC Mutual Funds
SBI MNC Fund
SBI MNC Fund invests in Indian companies that multinational corporations own or influence. The fund focuses on businesses with strong global parentage, stable earnings and robust governance. It aims to capture long-term growth opportunities in sectors such as consumer, industrial, pharma and technology within the MNC universe.
Aditya Birla SL MNC Fund
Aditya Birla SL MNC Fund invests in companies with multinational backgrounds that operate in India. The scheme emphasises firms with strong balance sheets, consistent cash flows and global standards in management practices. It looks for growth opportunities in sectors such as FMCG, engineering, healthcare, and technology while maintaining a diversified MNC portfolio.
UTI MNC Fund
UTI MNC Fund invests mainly in high-quality MNC companies in India that show strong financial health, stable cash generation and sound governance. The fund aims to benefit from the operational efficiency and global expertise of MNCs across sectors such as industrials, consumer goods, pharmaceuticals, and specialised manufacturing.
Kotak MNC Fund
Kotak MNC Fund invests in Indian listed companies with multinational parentage. The portfolio includes firms known for strong brand equity, global operating practices and steady earnings. It aims to deliver long-term capital appreciation by investing in consumer, engineering, chemical, and healthcare MNCs with strong competitive positions.
ICICI Pru MNC Fund
ICICI Prudential MNC Fund invests in companies backed by multinational groups with established global frameworks. The fund looks for firms that show consistent profitability, stable cash flows and resilient business models. It offers exposure to sectors such as FMCG, pharma, engineering, and technology through a focused MNC-driven portfolio.
HDFC MNC Fund
HDFC MNC Fund invests in MNC companies operating in India that show strong governance, global management practices and consistent financial performance. The fund keeps a diversified approach across consumer products, industrial manufacturing, healthcare and technology to capture long-term growth aligned with multinational business strengths.
Nippon India MNC Fund
Nippon India MNC Fund invests in companies with multinational ownership or influence, known for global best practices and steady growth potential. The portfolio includes consumer goods, engineering, chemical and pharma businesses. It aims for long-term appreciation through exposure to established MNC leaders in the Indian market.
What is an MNC?
An MNC is a multinational corporation that operates in multiple countries through subsidiaries, branches, or manufacturing units. These companies operate in several markets while maintaining a central management structure in their home country. MNCs often bring global expertise, advanced technology and strong governance standards to the regions in which they operate.
What are MNC Mutual Funds?
MNC mutual funds invest in companies that are part of multinational corporations operating in India. These schemes focus on firms with global parent organisations, established business models, strong governance and wide international presence. They offer exposure to sectors such as FMCG, engineering, technology, healthcare, and industrials through companies that adhere to global standards while operating in the Indian market.
Taxation on MNC Mutual Funds
Taxation of MNC mutual funds depends on each scheme’s classification. Most MNC funds hold more than 65% in equities, so they follow the tax rules for equity funds. The tax treatment varies based on how long the units are held and whether the fund qualifies as equity-oriented.
| Type of Tax | When It Applies | Tax Rate |
| Short Term Capital Gains (STCG) | Units sold within 12 months (equity-oriented MNC funds) | 15% |
| Long Term Capital Gains (LTCG) | Units sold after 12 months; tax applies on gains above ₹1 lakh in a financial year | 10% |
| Dividend Taxation | Dividend received from MNC funds | Taxed as per individual income tax slab |
| If not equity-oriented (less than 65% equity allocation) | Taxation treated as debt fund | Gains taxed as per income tax slab (no indexation benefit) |
How to Invest in MNC Mutual Funds?
You can easily start to invest in MNC funds by following these steps:
- To invest in the best MNC mutual funds, you can visit a mutual fund investment platform such as smallcase.
- The next step is to research and identify the MNC mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode and complete the process.
However, if you’re confused about which stocks to pick, you can explore smallcases:
- smallcases are readymade model portfolios of stocks/ETFs, that are based on a theme idea or strategy
- They’re created and managed by SEBI-registered investment experts (also known as smallcase managers)
- smallcase offers over 500+ stock portfolios, created by 200+ managers
Here are a few popular smallcases among new investors:
Disclosures for aforementioned smallcases
Features of MNC Mutual Funds
- Global Exposure: MNC mutual funds give investors exposure to top multinational companies in India and abroad. These companies operate in many countries and industries. This global spread reduces the impact of regional slowdowns or industry-specific challenges.
- Diverse Portfolio: These funds invest in a wide mix of multinational companies across technology, healthcare, consumer goods and finance. Investors get exposure to the top MNC IT companies and small-cap MNC stocks in India. This helps capture opportunities across different markets and industries.
- Professional Management: Experienced fund managers actively manage MNC mutual funds. They focus on selecting and monitoring investments in the top 4 MNC companies in India and global players. Their expertise helps them identify opportunities within the largest and best MNC in India while navigating global markets.
- Currency Exposure: MNC companies listed in India earn revenue from different countries. This exposes multinational mutual funds to multiple currencies. Such currency exposure can work as a hedge against currency fluctuations and may create opportunities for currency appreciation that support fund performance.
Who Should Invest in MNC Mutual Funds?
The category is generally associated with certain investor preferences and behaviours. Individuals who explore MNC mutual funds often share one or more of the following characteristics:
- Interest in Global-Backed Companies: They follow businesses supported by international parent groups and prefer portfolios linked to global operating standards.
- Preference for Earnings Stability: They tend to track companies with steady revenue patterns, predictable demand and consistent cash flows.
- Focus on Governance Practices: They focus on firms known for transparent management, structured reporting, and stronger governance frameworks.
- Long-Horizon Outlook: They usually follow investment themes centred on well-established enterprises and take a long-term view when analysing such categories.
- Inclination Toward Sector Diversification: They are comfortable reviewing portfolios spanning multiple sectors, such as FMCG, healthcare, engineering, and technology.
How to Choose the Best MNC Mutual Funds for Investment?
- Investment Objectives: Investment objectives outline the fund’s purpose, investment style, and expected time horizon. Understanding these aspects provides clarity on how the fund positions itself and how its long-term approach is structured.
- Investment Risk: Investment risk reflects the uncertainties associated with multinational funds, which can be influenced by global economic conditions, currency fluctuations, and international market movements. These factors help explain how the portfolio may behave across different environments.
- Returns: Returns represent the fund’s historical performance. While past results do not indicate future outcomes, this data offers context on the fund’s behaviour across market phases and its performance relative to benchmarks and peers.
- Performance Ratios: Performance ratios such as standard deviation, beta, and the Sharpe ratio provide information on volatility, risk patterns, and risk-adjusted performance, helping illustrate how the fund has performed relative to broader market indicators.
- Expense Ratio: The expense ratio reflects the fund’s annual operating costs. This figure influences net returns and provides insight into how the scheme manages its cost structure relative to similar funds.
Benefits of Investing in MNC Mutual Funds
- Strong Global Parentage: MNC funds invest in companies backed by international groups that follow global standards in technology, processes, and management.
- Stable Earnings Profile: Many MNCs operate in sectors with steady demand, which supports consistent revenue and predictable business performance.
- High Corporate Governance: MNCs often follow transparent reporting, ethical practices, and efficient decision-making, which can add stability to the portfolio.
- Lower Debt Levels: Multinational companies typically maintain conservative financial structures with lower debt, thereby reducing business-related risk.
- Consistent Cash Flows: Several MNCs show reliable cash generation due to established brands, strong distribution, and stable demand.
- Diversified Sector Exposure: MNC funds offer exposure across FMCG, engineering, healthcare, chemicals and technology, helping spread risk across sectors.
- Focus on Quality Companies: The category broadly includes well-established firms with strong brands, proven track records and competitive market positions.
Risks of Investing in MNC Mutual Funds
- Limited Universe of Stocks: MNC funds invest only in companies with multinational ownership or influence. This limited pool may reduce diversification compared to broader equity categories.
- Higher Valuations: Many MNCs trade at premium valuations due to their strong brands and governance. Higher prices may increase sensitivity to market corrections.
- Sector Concentration Risk: MNC funds often have higher exposure to FMCG, engineering, chemicals and healthcare. If these sectors face slowdowns, the portfolio may reflect the impact.
- Currency-Related Impact: Global parentage may expose companies to currency fluctuations. Sharp changes in foreign exchange rates can influence earnings and margins.
- Slower Growth in Some Segments: Certain MNC businesses operate in mature categories where growth is steady but not rapid, which may affect overall return expectations.
- Dependence on Global Policies: International decisions, regulatory changes, or shifts in parent companies’ global strategy may indirectly affect Indian operations.
Factors to Consider Before Investing in MNC Mutual Funds
- Equity Allocation in the Fund: The equity portion of an MNC fund typically stays around 65% or higher. This level of exposure influences both taxation treatment and the overall risk profile of the scheme.
- Nature of Underlying Businesses: MNC funds generally invest in companies with established brands, diversified product lines, adherence to global governance standards, and broad revenue sources.
- Valuation Levels of MNC Stocks: MNC companies frequently trade at premium valuations. The pricing of these stocks affects how the fund may respond to broader market movements.
- Sector Exposure Mix: The portfolio of an MNC fund typically spans FMCG, engineering, healthcare and chemical segments. This sector composition indicates the scheme’s thematic positioning.
- Historical Performance Consistency: Multi-year performance patterns highlight how an MNC fund has behaved across different market phases, beyond shorter-term fluctuations.
- Expense Ratio of the Scheme: The expense ratio represents the annual cost of managing the scheme. A lower figure increases cost efficiency by reducing the portion of returns used to cover expenses.
- Fund Manager’s Track Record: The fund manager’s experience, investment style, and past decision-making patterns provide context for the framework used within the scheme.
- Risk Metrics and Volatility: Indicators such as volatility, drawdowns, and other risk measures present a view of how the fund has historically behaved during periods of market stress.
To Wrap It Up…
MNC mutual funds invest in companies backed by global parent organisations that maintain strong governance standards, steady earnings and established business practices. These funds focus on well-known brands across multiple sectors and form a distinct category within equity funds while also overlapping with themes commonly seen in global mutual funds and large cap MNC funds. Platforms such as Tickertape offer structured data that helps users review performance trends, sector exposure and portfolio composition when exploring this segment.
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Frequently Asked Questions(FAQs) on MNC Funds
An MNC mutual fund invests in Indian companies owned, controlled, or influenced by multinational corporations. These funds focus on firms with global parentage, strong governance, stable earnings and established brands across sectors such as FMCG, engineering, healthcare and technology. This structure resembles how multi-national company mutual funds operate in global markets.
The following are the best MNC funds as per 1-year absolute returns:
– Kotak MNC Fund
– ICICI Pru MNC Fund
Moreover, the investor can review thematic MNC fund performance before making comparisons.
Disclaimer: This information does not recommend any investment action. The investor must conduct their own research before making an investment decision.
The top five equity mutual funds for MNCs as per 3-year CAGR are listed below:
– ICICI Pru MNC Fund
– UTI MNC Fund
– Aditya Birla SL MNC Fund
– SBI MNC Fund
– Kotak MNC Fund
Disclaimer: This information does not recommend any investment action. The investor must conduct their own research before making an investment decision.
Taxation on MNC funds depends on their equity allocation. Most schemes hold 65% or more in equities and follow equity fund tax rules. Short-term gains sold within 12 months are taxed at 15%, and long-term gains above ₹1 lakh in a financial year are taxed at 10%. Dividends are taxed as per the individual’s income tax slab. These rules also apply to many MNC mutual fund schemes with similar structures.
MNC funds carry risks such as premium valuations, sector concentration, currency risk, and dependence on global strategies. The risk level varies across market phases and underlying companies. Some investors review international exposure mutual funds to understand how global factors influence risk.
Disclaimer: This information does not recommend any investment action. Risk levels depend on individual financial situations, and professional advice may be helpful.
Whether someone should invest in MNC funds depends on their goals, risk tolerance and preference for companies with global parentage. Each fund behaves differently based on its portfolio mix and market conditions. Many people review how others invest in MNC funds to understand general patterns.
Disclaimer: This is not investment advice. Always review your financial needs and consult a qualified advisor before making decisions.
