Top MNC Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 7 MNC mutual funds. Their average 3 year return is 7.1% a year, and −2.6% over the last year. The highest 3 year returns: ICICI Prudential MNC Fund 9.8%, UTI - MNC Fund 7.7%, SBI MNC Fund 6.8%.
- Total AUM
- ₹16,913 Cr
- As on 30-09-2026
- Funds
- 7
- From 7 fund houses
- Expense ratio
- 0.90% to 1.86%
- Direct plans, lowest to highest
- Average 3Y return
- 7.1%
- A year, Direct plans
All MNC Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential MNC Fund | 1 | 1,703 | −1.93% | +9.81% | +10.02% | -- | -- | 1.26% | 1% within 1 month | 11.47% |
| UTI - MNC Fund | 2 | 2,619 | −7.38% | +7.68% | +7.05% | +9.93% | Very High | 1.54% | 1% within 1 year | 11.96% |
| SBI MNC Fund | 3 | 6,381 | +8.18% | +6.75% | +6.99% | +10.86% | Very High | 1.38% | 1% within 30 days | 11.98% |
| HDFC MNC Fund | 4 | 534 | −3.66% | +6.19% | -- | -- | Very High | 1.86% | 1% within 1 year | 13.13% |
| Aditya Birla Sun Life MNC Fund | 5 | 3,029 | −14.09% | +5.12% | +4.90% | +7.73% | Very High | 1.48% | 1% within 90 days | 12.55% |
| Kotak MNC Fund | -- | 2,246 | +9.29% | -- | -- | -- | Very High | 0.90% | 0.5% within 90 days | -- |
| Nippon India MNC Fund | -- | 401 | −8.47% | -- | -- | -- | Very High | 1.31% | 1% within 1 year | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks MNC Funds Bought and Sold in September 2026
What the 5 largest MNC funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| Hyundai Motor India Ltd.Aditya Birla Sun Life MNC, UTI - MNC, Kotak MNC | 1 fund | 2 funds |
| AXISCADES TECHNOLOGIES LTDKotak MNC | 1 fund | -- |
| Ashok Leyland Ltd.Aditya Birla Sun Life MNC | 1 fund | -- |
| HERO MOTORS LIMITEDKotak MNC | 1 fund | -- |
| EQ - TBO TEK LTDUTI - MNC | 1 fund | -- |
| EQ - GRAPHITE INDIA LTD.UTI - MNC | 1 fund | -- |
| Maruti Suzuki India Ltd.ICICI Prudential MNC | -- | 1 fund |
| Cummins India Ltd.SBI MNC | -- | 1 fund |
| EQ - INDO-MIM LIMITEDKotak MNC | -- | 1 fund |
| Bosch Ltd.SBI MNC | -- | 1 fund |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| Schaeffler India Ltd.Aditya Birla Sun Life MNC, UTI - MNC | 1 fund | 1 fund |
| Maruti Suzuki India Ltd.SBI MNC, Kotak MNC | -- | 2 funds |
| Britannia Industries Ltd.UTI - MNC, Kotak MNC | -- | 2 funds |
| Coforge Ltd.SBI MNC, ICICI Prudential MNC | -- | 2 funds |
| Anthem Biosciences Ltd.SBI MNC, ICICI Prudential MNC | -- | 2 funds |
| ZF Commercial Vehicle Control Systems India Ltd.SBI MNC, Aditya Birla Sun Life MNC | -- | 2 funds |
| Bosch Ltd.Kotak MNC | 1 fund | -- |
| Vedanta Ltd.ICICI Prudential MNC | 1 fund | -- |
| RBL Bank Ltd.Aditya Birla Sun Life MNC | 1 fund | -- |
| Colgate Palmolive (India) Ltd.SBI MNC | 1 fund | -- |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: SBI MNC Fund, Aditya Birla Sun Life MNC Fund, UTI - MNC Fund, Kotak MNC Fund, ICICI Prudential MNC Fund.
Compare MNC Funds
The largest funds of the category, side by side
How MNC Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a MNC Fund?
Sector and theme funds that invest in Indian companies run by multinational parents. SEBI requires at least 80% of such a fund in its sector or theme.
Other sector and theme categories: Banking & Financial Services · Technology · Healthcare & Pharma · Infrastructure · Consumption · Manufacturing · PSU · Energy & Commodities · ESG · Business Cycle · Transport & Auto
MNC Funds: Frequently Asked Questions
Which are the top MNC mutual funds?
By 3 year return, the top MNC funds are 1. ICICI Prudential MNC Fund (9.8% a year), 2. UTI - MNC Fund (7.7% a year), 3. SBI MNC Fund (6.8% a year), 4. HDFC MNC Fund (6.2% a year), 5. Aditya Birla Sun Life MNC Fund (5.1% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many MNC funds are there?
7 MNC funds are open for investment, from 7 fund houses.
What is a MNC fund?
Sector and theme funds that invest in Indian companies run by multinational parents. SEBI requires at least 80% of such a fund in its sector or theme.
What is the average return of MNC funds?
1 year: -2.6%, 3 years: 7.1% a year, 5 years: 7.2% a year. The simple average of every MNC fund's Direct plan.
Which MNC fund has the lowest expense ratio?
Kotak MNC Fund, at 0.90% a year (Direct plan), as reported to AMFI.
Which is the largest MNC fund?
SBI MNC Fund, with ₹6,381 Cr of investors' money on 30-09-2026.
How are MNC funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.