Mutual fund schemes investing in shares of multinational companies have fallen less in 2020 so far, compared to large-cap equity funds. MNC funds, as they are popularly known, have done well so far because of the favourable sectoral exposures and investors’ preference for some of the high-quality stocks held by these schemes. Despite their robust long-term track record, investors must not take a blind plunge to buy these MNC schemes given their relatively narrow mandate.
Index funds: Rules of construction
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