The Foreign Hand

Multinational companies offer many attractions -- a clear and transparent management, focus on business and a clean balance sheet. The shares of these companies are also going cheap. And Birla MNC offers you a portfolio of these shares in the form of an open-ended fund. Erstwhile Apple Goldshare, Birla MNC Fund has delivered decent returns recently. The fund is up 30.67 per cent in the past six months, as on August 14, 2003. But the fund's long-term track record isn't so encouraging – up just 0.70 p

This article was originally published on August 20, 2003.