Hat Tip: Amit Arora
From the Birla Sun Life MNC Fund Prospectus:
Why Birla Sun Life MNC Fund?
MNCs are generally considered to be high quality companies with global edge and therefore present a better potential for growth. Birla Sun Life MNC Fund invests in securities of multinational companies through a research based investment approach to achieve long term capital growth.
Why choose multinational companies?
Multinational companies generally have strong parentage backed by professional management. They are also known for the best use of latest technology and global experience. Such synergies can help translate strengths into superior products and services, in turn commanding a higher market share or a price premium. All these factors can lead to high growth rates for the company in the long run.
Now look at their top holdings as on 31 July, 2017:
2 replies on “Birla MNC Fund: Selling MNC, Buying Kotak”
That was perhaps due to the exchange of shares after Kotak acquiring ING Vysya?
Why can’t a MNC be Indian ?? I believe MNC just means a company having presence across multiple countries – not necessarily foreign cos only…..