Around 10 equity mutual funds that had a current net asset value (NAV) of more than Rs 1,000 have offered up to 24% CAGR since their respective inception, an analysis by ETMutualFunds showed.
Out of these 10 funds, nine have marked their presence in the market for more than 25 years. The exception was Sundaram Mid Cap Fund which has completed around 22.86 years. All these schemes have offered more than 15% CAGR since their respective inception.
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The schemes were from five different categories such as ELSS, flexi cap, large cap, mid cap, and large & mid cap fund category. Three flexi cap funds and mid cap funds each, two ELSS, a large cap and large & mid cap fund had NAVs of more than Rs 1,000.
Nippon India Growth Fund had the highest NAV of Rs 3,979.0474. The scheme that has completed 29.64 years in the market has offered 22.38% CAGR since its inception. Franklin India Prima Fund had a NAV of Rs 2,676.3879 and has been in the market for around 31.50 years.Since its inception the scheme has offered 19.42% CAGR.
The next three schemes in the list were flexi cap funds. HDFC Flexi Cap Fund (Earlier known as HDFC Equity Fund) had a NAV of Rs 1,940.0730 and has completed 30.41 years in the market. The scheme offered 18.92% CAGR since its inception.Aditya Birla SL Flexi Cap Fund (Earlier known as Aditya Birla Sun Life Equity Fund) and Franklin India Flexi Cap Fund (Earlier known as Franklin India Equity Fund) had a NAV of Rs 1,744.2200 and Rs 1,611.6638 respectively. The schemes offered a CAGR of 21.28% and 18.03% respectively since their inception.Franklin India ELSS Tax Saver Fund (Earlier known as Franklin India Taxshield Fund) had a NAV of Rs 1,456.685. The scheme had been in the market for 26.14 years and had offered a CAGR of 21% since its inception in April 1999.
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Nippon India Vision Fund, a large & mid cap fund, had a NAV of Rs 1,423.4068 and gave 18.21% CAGR since its inception nearly 29.64 years back.
HDFC ELSS Tax saver (Earlier known as HDFC Taxsaver) had a NAV of Rs 1,380.3510 and has been around in the market for 29.16 years. The scheme offered a CAGR of 23.31% since its inception. Sundaram Mid Cap Fund (Earlier known as Sundaram Select Midcap Fund) which has been around for 22.86 years had a NAV of Rs 1,324.5683. The mid cap fund posted a CAGR of 23.83% since its inception.
HDFC Large Cap Fund (Earlier known as HDFC Top 100 Fund), the only large cap fund in the list, had a NAV of Rs 1,116.7140. The scheme had been in the market for nearly 28.74 years and offered 18.67% CAGR since its inception.
These schemes have undergone many changes and their benchmarks have also changed over time. So it is not possible to compare their performance with their benchmarks.
We considered all equity mutual funds. We considered regular and growth options. We considered NAV of these schemes as on May 22, 2025 and calculated performance since their respective inception dates.
Note, the above exercise is not a recommendation. The exercise was one to find which schemes had a NAV of more than Rs 1,000 and how they have performed since their respective inception dates. One should not make investment or redemption decisions based on the above exercise
One should always consider risk appetite, investment horizon, and goals before making an investment decision.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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