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Should I invest in UTI MNC?

UTI MNC fund has offered superior returns lately because it doesn't have investments in the currently beaten-down sectors

Should I invest in a SIP in UTI MNC Fund? I want to invest for over three years. Tell me whether it is okay from the point of better return.
- Ranjeet Kumar

UTI MNC Fund invests predominantly in the stocks of multinational companies in diverse sectors such as pharmaceuticals, FMCG, engineering, and so on. The fund has offered superior returns lately because it doesn't have investments in the currently beaten-down sectors like commodities, cyclicals and so on. This is because MNCs are largely absent from these sectors. However, it remains to be seen how it will perform in a different market cycle. There is also a modest compromise on diversification in an MNC Fund.

This article was originally published on September 14, 2015.

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