MNC Funds are mutual fund schemes that invest mostly in high ranking multinational companies. In the last three months, the MNC fund category has given 16.22% returns. These schemes have returned 2.23% in the last one year, 3.25% in three years and 4.69% in five years. MNCs have strong corporate governance, and enjoy economies of scale. However they have their own share of economic and political risks. Experts believe that the near to medium term outlook of these schemes is good, but investors shouldn’t expect very high returns. MNC funds should only be used as diversification in an aggressive portfolio.