Conservative investors seeking equity-like tax benefits with low risk may go for them.
Investors should avoid making drastic changes to their asset allocation during a market correction.
MNC funds invest in companies where foreign promoters have more than 50 per cent shareholding.
Active largecap funds, which have the toughest job in terms of outperforming the benchmark, did better in 2023 as their bets in the mid and smallcap stocks paid off.
Following the sharp run in markets, valuations across the board have become elevated. The National Stock Exchange Nifty50 Index now trades at a 12-month trailing price-to-earnings (P/E) multiple of 24.3 times, 18 per cent higher than this year's low of 20.5 times. The valuation expansion in the broader markets has been sharper.
'At current valuations, we believe large-caps offer better downside support.' 'Hence, we are suggesting a small tilt towards them.'
Investing in the US market provides Indian investors a hedge against the rupee's long-term tendency to depreciate against the dollar.
Wait for a few days before deciding to buy shares or MF schemes.
Equity fund managers say large-caps offer higher relative safety, especially in such times.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.