Three thematic funds complete 25 years, offer 14-17% returns since inception

Sectoral and thematic funds are in vogue these days as the category is seeing big inflows and a lot of new funds. However, a handful of sector and thematic funds have completed 25 years in the market. Three funds have offered high double-digit returns since inception.

Aditya Birla Sun Life MNC Fund, SBI Magnum Global Fund and Tata Ethical Fund have been in the market for a long time. Even though these schemes fall in the sectoral/thematic category, these schemes are very different from each other and invest in varied investment segments. Here’s a look at their performance since inception:

Scheme name	Inception date	Returns since inception (%)
Aditya Birla Sun Life MNC Fund	22-Apr-1994	17.31%
SBI Magnum Global Fund	30-Sep-1994	14.52%
Tata Ethical Fund	24-May-1996	16.17%

Source: Value Research


All these schemes manage AUM over Rs 1,000 crore and have gone through fair share of changes in the last 25 years. Let’s take a look at their individual performances and journeys.

Aditya Birla Sun Life MNC Fund: This is the oldest sectoral fund in the market and manages Rs 3,548 crore with an expense ratio of 2.02%. This scheme was earlier known as Birla MNC Fund. The fund has been managed by Chanchal Khandelwal and Kunal Sangoi since 2021. Even though sector funds are market cap agnostic, this scheme’s portfolio is currently skewed towards mid cap stocks. As the name suggests, the scheme invests in securities of multinational companies. The scheme has beaten its benchmark 6 times since 2010.

Here’s a look at the trailing returns:

	YTD	1 Year	3 Years	5 Years	7 Years	10 Years
Aditya Birla SL MNC Fund-Reg(G)	-3.40	-6.42	7.74	5.96	6.93	14.15
NIFTY MNC - TRI	3.16	-0.21	13.56	9.36	12.43	14.46
Category: MNC	-1.89	-3.17	14.70	8.97	8.97	14.99

Source: ACE MF

Annual performance in the last 12 years:

Source: ACE MF

SBI Magnum Global Fund: Launched in September, 1994, this fund manages an asset base of Rs 5,476 crore. The scheme is benchmarked against NIFTY MNC TRI. This scheme invests in equity stocks of MNC companies. The fund’s portfolio is a mix of large and mid cap stocks. Hindustan Unilever, Maruti Suzuki India and P&G are the biggest holdings in the portfolio. R Srinivasan has recently taken over as the fund manager of the scheme from Anup Upadhyay.

Here’s a look at the trailing returns:

	YTD	1 Year	3 Years	5 Years	7 Years	10 Years
SBI Magnum Global Fund-Reg(G)	-3.21	-1.19	17.39	12.29	11.34	16.32
NIFTY MNC - TRI	3.16	-0.21	13.56	9.36	12.43	14.46
Category: MNC	-1.89	-3.17	14.70	8.97	8.97	14.99

Source: ACE MF

Annual performance since 2010:

Source: ACE MF

Tata Ethical Fund: This fund invests predominantly in equity and equity related instruments of shariah principles compliant companies and in other instruments allowed under shariah principles. This is among the only three shariah-compliant schemes in the mutual fund industry. The scheme manages assets worth Rs 1,423 crore and is benchmarked against NIFTY 500 Shariah TRI. Abhinav Sharma has recently taken over as the fund manager of the scheme from Ennette Fernandes.

Here’s a look at the trailing returns:

	YTD	1 Year	3 Years	5 Years	7 Years	10 Years
Tata Ethical Fund-Reg(G)	-5.93	-3.76	19.59	12.74	11.19	14.40
Nifty500 Shariah - TRI	-5.77	-5.82	21.27	13.21	14.52	16.11
Category: Thematic Fund	-0.92	-6.32	17.30	7.71	9.98	11.78

Source: ACE MF

Annual performance since 2010:

Source: ACE MF