March 25, 2026
RA Jainee
UTI MNC Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 390.80 |
| NAV Bonus (Rs.) | |
| NAV IDCW (Rs.) | 202.72 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY MNC TRI |
| AUM Rs. | 2,724 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.29% |
| 1 Year Return (%) | -0.95 |
| 3 Year Return (%) | 11.11 |
| 5 Year Return (%) | 9.42 |
| 10 Year Return (%) | 10.21 |
| Return Since Launch | 13.33% |
⚖️ Sahifund Review – UTI MNC Fund ✔
PLUS: Stability, track record, cost efficiency
✓ UTI MNC Fund has shown solid category-level consistency, ranking among the better-performing MNC funds across 1-year, 3-year, 5-year and 10-year periods.
✓ The fund offers exposure to quality multinational businesses, which generally come with stronger balance sheets, governance and brand strength.
✓ A 52-stock portfolio provides decent diversification within the MNC theme, reducing single-stock dependency.
✓ Its long operating history and backing from UTI Mutual Fund add comfort for long-term investors.
✓ Suitable for SIP investors seeking a quality-biased thematic allocation rather than aggressive cyclical exposure.
✓ Relative to many thematic peers, the portfolio appears more balanced and less speculative in character.
MINUS: Large AUM, large-cap bias, momentum lag
⚖️ Despite decent category ranks, the fund has underperformed broader diversified funds and benchmark alternatives over 3, 5 and 10 years.
⚖️ Expense ratio of 1.29% is quite high, which weakens its cost-efficiency appeal significantly.
⚖️ 1-year return of -0.95% may look better than some peers, but still reflects muted recent momentum.
⚖️ The MNC theme itself is narrow and style-driven, meaning performance can stay subdued for long stretches.
⚖️ With top 10 holdings at 45.61%, the fund carries moderate concentration risk.
⚖️ Investors must also note that MNC funds can become defensive and slower-moving during sharp market rallies led by broader themes.
Sahifund View (Decisive Line):
A quality-oriented thematic fund with decent consistency inside its niche, but high costs and limited broad-market alpha make it better as a small satellite allocation, not a core holding.
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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 seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of multinational companies.
Fund Manager:
1) Karthikraj Lakshmanan
Education: Mr. Lakshmanan is Commerce Graduate, PGDBM (from SPJIMR, Mumbai), CA and has cleared CFA Level 3 (US CFAI).
Experience: Prior to joining UTI Mutual Fund, he was associated with Baroda BNP Paribas AMC (Jul 14, 2008), ICICI Prudential AMC as Senior Research Analyst (Mar 9, 2007-Jul 10, 2008), Goldman Sachs Services Pvt. Ltd. as Business Analyst (Apr 3, 2006-Mar 6, 2007) and with ICICI Bank as Management Trainee.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 364 days |
Basic Details of UTI MNC Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 1-Jan-13 |
| Return Since Launch | 13.33% |
| Benchmark | NIFTY MNC TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 2,724 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.29% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 27.00% |
Returns of UTI MNC Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI MNC Dir | -13.35 | -2.45 | -11.02 | -13.49 | -13.03 | -0.95 | 11.11 | 9.42 | 9.92 | 10.21 |
| BSE 500 TRI | -13.43 | -3.13 | -12.05 | -13.50 | -11.36 | -2.27 | 13.51 | 11.69 | 12.91 | 13.68 |
| Equity: Thematic-MNC | -10.85 | -2.84 | -10.56 | -11.05 | -10.78 | 0.45 | 9.78 | 9.10 | 9.33 | 9.89 |
| Rank within category | 6 | 1 | 5 | 6 | 5 | 3 | 2 | 2 | 2 | 2 |
| Number of funds in category | 7 | 7 | 7 | 7 | 7 | 6 | 5 | 4 | 3 | 3 |
Peer Comparison of UTI 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 (%) | |
| UTI MNC Dir | Unrated | -0.95 | 11.11 | 9.42 | 1.29 | 2,724 | 13.33 | 1.00 (364) | 13Y 2M | 27.00 |
| SBI MNC Dir | Unrated | -3.38 | 6.32 | 8.39 | 1.25 | 5,841 | 13.41 | 1.00 (30) | 13Y 2M | 47.00 |
| ABSL MNC Dir | Unrated | -4.25 | 10.81 | 5.49 | 1.31 | 3,437 | 12.65 | 1.00 (90) | 13Y 2M | 23.00 |
| Kotak MNC Dir | Unrated | 11.72 | — | — | 0.64 | 2,007 | 1.00 | 0.50 (90) | 1Y 4M | 19.49 |
| ICICI Pru MNC Dir | Unrated | 1.30 | 13.54 | 13.10 | 1.17 | 1,710 | 16.78 | 1.00 (365) | 6Y 9M | 51.00 |
UTI MNC Fund Portfolio
| No. of Stocks | 52 |
| Top 10 Stocks | 45.61% |
| Top 5 Stocks | 29.72% |
| Top 3 Sectors | 56.15% |
| Portfolio P/B Ratio | 6.41 |
| Portfolio P/E Ratio | 32.23 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 81,799 | 99,341 |
| Giant (%) | — | — |
| Large (%) | 49.94 | 51.08 |
| Mid (%) | 20.27 | 25.07 |
| Small (%) | 29.79 | 23.86 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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