March 28, 2026
RA Jainee
Aditya Birla (ABSL) MNC Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 1,402.38 |
| NAV Bonus (Rs.) | N.A. |
| NAV IDCW (Rs.) | 448.44 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY MNC TRI |
| AUM Rs. | 3,437 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.31% |
| 1 Year Return (%) | 2.91 |
| 3 Year Return (%) | 11.95 |
| 5 Year Return (%) | 6.40 |
| 10 Year Return (%) | 9.31 |
| Return Since Launch | 12.95% |
⚖️ Sahifund Review – Aditya Birla Sun Life (ABSL) MNC Fund ✔
PLUS: Stability, track record, cost efficiency
ABSL MNC Fund offers a distinct thematic opportunity by investing in multinational companies that typically enjoy strong brands, governance quality and resilient business models. The fund carries a long operating history, which gives investors comfort on strategy continuity and category relevance. Its portfolio is well-diversified across 70 stocks, reducing single-stock risk despite being a thematic fund. The allocation is spread across large, mid and small MNC-linked businesses, which adds portfolio balance and avoids pure mega-cap concentration. With a moderate turnover of 23%, the fund appears relatively stable in portfolio churn compared to many actively managed thematic funds. For investors seeking defensive quality businesses through SIP, this category can still serve as a niche satellite allocation in a broader portfolio.
MINUS: Large AUM, large-cap bias, momentum lag
The biggest concern is persistent underperformance, with the fund trailing not only the BSE 500 TRI but also the thematic MNC category average across 1-year, 5-year, 7-year and 10-year periods. Its 5-year return of just 6.40% is particularly disappointing for a thematic equity fund. The fund also carries a high expense ratio of 1.31%, which is difficult to justify given the muted long-term alpha. Recent momentum remains weak, and the portfolio’s high valuation profile (P/E near 39 and P/B above 6) leaves little room for error. While diversified, 70-stock spread may also dilute returns, especially in a focused thematic strategy. Investors should also note that MNC funds are not core portfolio funds and can underperform broader markets for long stretches when domestic cyclicals and broader themes outperform.
Sahifund View (Decisive Line):
A quality-themed fund with defensive appeal, but weak long-term performance and high cost make it hard to recommend over better-performing diversified or thematic alternatives.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
MNC funds are suitable for investors:
1. Seeking exposure in shares of multinational companies for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme would invest exclusively in securities of multinational companies in order to achieve long term growth of capital at relatively moderate levels of risk. A portion of the fund will also be invested in IPO and other primary market offerings.
Fund Manager:
1) Chanchal Khandelwal
Education: Mr. Khandelwal has done B.Com.(H) and MBA (Finance)
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with Aditya Birla Retail Limited and Aditya Birla Management Corporation Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 90 days |
Basic Details of Aditya Birla (ABSL) MNC Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 12.95% |
| Benchmark | NIFTY MNC TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 3,437 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.31% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 23.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL MNC Dir | -10.65 | 0.32 | -8.04 | -9.93 | -14.93 | 2.91 | 11.95 | 6.40 | 7.61 | 9.31 |
| BSE 500 TRI | -9.26 | 0.79 | -8.00 | -7.84 | -7.54 | 7.32 | 15.26 | 12.93 | 13.68 | 14.53 |
| Equity: Thematic-MNC | -7.40 | 0.46 | -6.65 | -6.56 | -8.13 | 8.55 | 11.17 | 10.12 | 9.77 | 10.57 |
| Rank within category | 7 | 5 | 6 | 7 | 7 | 6 | 3 | 4 | 3 | 3 |
| Number of funds in category | 7 | 7 | 7 | 7 | 7 | 6 | 5 | 4 | 3 | 3 |
Peer Comparison of Aditya Birla Sun Life MNC Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL MNC Dir | Unrated | 2.91 | 11.95 | 6.40 | 1.31 | 3,437 | 12.95 | 1.00 (90) | 13Y 2M | 23.00 |
| SBI MNC Dir | Unrated | 3.07 | 7.56 | 9.23 | 1.25 | 5,841 | 13.70 | 1.00 (30) | 13Y 2M | 44.00 |
| UTI MNC Dir | Unrated | 6.84 | 12.36 | 10.45 | 1.29 | 2,724 | 13.65 | 1.00 (364) | 13Y 2M | 32.00 |
| Kotak MNC Dir | Unrated | 21.27 | — | — | 0.64 | 2,007 | 4.22 | 0.50 (90) | 1Y 4M | 17.93 |
| ICICI Pru MNC Dir | Unrated | 9.41 | 15.16 | 14.42 | 1.17 | 1,710 | 17.53 | 1.00 (365) | 6Y 9M | 51.00 |
Portfolio Analysis of Aditya Birla (ABSL) MNC Fund
| No. of Stocks | 70 |
| Top 10 Stocks | 36.33% |
| Top 5 Stocks | 22.02% |
| Top 3 Sectors | 62.93% |
| Portfolio P/B Ratio | 6.41 |
| Portfolio P/E Ratio | 38.96 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 50,844 | 99,341 |
| Giant (%) | — | — |
| Large (%) | 27.92 | 51.08 |
| Mid (%) | 32.03 | 25.07 |
| Small (%) | 40.05 | 23.86 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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