Why UTI MNC Fund still holds promise
April 03, 2021
Investors with medium-risk appetite seeking to buy a well-rounded portfolio of large- and mid-cap focused stocks can consider units of UTI MNC Fund. One of the oldest running thematic equity schemes, this offering has a track-record of stable performance over long term and relatively low volatility. The fund has achieved this by betting on multinational companies (MNCs) that have shown operational/capital allocation efficiencies, strong cash flow generation and brand/technology strengths. Our case for investing in UTI MNC Fund is based on its scope for playing catch-up with the broader market in today’s scenario, and its proven credential of limiting the downside risk. MNC stocks have delivered consistent returns over longer-time horizon, hence incrementally investing through SIPs can further enhance investor experience.