The returns of MNC funds, which invest in multi-national companies, have always stood out compared to other equity fund categories.
Despite being thematic funds, their returns have been consistent across market cycles. Other sector or thematic funds like banking, pharma and technology see high volatility in returns.
In the past three months, markets have been volatile but MNC funds have contained the downside. These funds corrected 7.6% in three months to 3 June, according to data from Value Research.
All other equity funds categories, except pharma (which gave 14% returns), have seen a higher fall in returns than MNC funds.