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MNCs or Multi National Companies are the companies that have their presence in more than one country. For ex., Aditya Birla Group is an Indian company having a presence in some other countries as well is termed as a multi-national company. Such companies are usually large-sized companies. If you don’t have any idea, then the best way to invest in them is through a mutual fund scheme. On December 26th, 1999, Aditya Birla Sun Life Mutual Fund launched one such scheme named Aditya Birla Sun Life MNC Fund.
Investment Objective
The investment objective of Aditya Birla Sun Life MNC Fund is to provide long-term (three years and above) capital appreciation through investment in equity and equity related instruments of Multi-National Companies through research based investment approach.
Who Should Invest in This Scheme?
Investors who are looking for an investment opportunity in equity and equity related instruments.
Those investors who can digest moderately high risk can invest in this scheme.
Investors who wish to gain specifically by investing in the stocks of multi national companies.
Investors who are willing to invest their money for a period of 3 years or more in order to get long-term capital appreciation.
Why Should You Invest In Aditya Birla Sun Life MNC Fund?
It helps you to earn long-term (3 years and above) capital appreciation. It invests in diversified and quality portfolio.
It provides you with the benefit from the MNC profit by investing in them. Aditya Birla Sun Life MNC Fund has a track record of strong performance.
This fund is managed by a highly experienced fund manager which means you don’t have to worry about your invested capital, as it is in safe hands.
Who Is Managing This Fund?
This fund is managed by Mr. Ajay Garg who has a total experience of about 22 years, from which fifteen years of experience is in financial services. Before working with Aditya Birla Sun Life Asset Management Company, he was associated with Aditya Birla Sun Life Securities Ltd. He is an Electrical Engineer and holds a Master’s degree in business administration with specialization in finance. He has been managing Aditya Birla Sun Life MNC Fund since June, 2009. Currently, he is managing three schemes of Aditya Birla Mutual Fund.
Important Points That You Should Know
There is no entry load that an investor has to bear. If you require to redeem your money from Aditya Birla Sun Life MNC Fund within a year, then you are liable to pay 1% as exit load. However, as the one year completes, an investor doesn’t have to pay any exit load.
ABSL MNC Fund’s net asset value as on June 08, 2018 was Rs. 757.13 and assets under management as on May 31st, 2018 were Rs. 3373 crore.
To invest in Aditya Birla Sun Life MNC Fund, an investor needs to deposit a minimum investment amount of Rs. 1000, both in lump sum and SIP. So, if you have made up your mind to invest in ABSL MNC Fund, simply log on to MySIPonline and start investing.