Of these 12 funds, 11 have been in the market for more than 25 years. The exception was Sundaram Mid Cap Fund which completed around 23.64 years in the market. All these schemes have offered double returns of more than 17% since their inception.
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The schemes were of five different categories such as midcap, flexicap, ELSS, bigcap, large and midcap funds. Three flexi-cap funds and mid-cap funds each, two ELSS, two large-cap and large- and mid-cap funds each had NAVs of more than Rs 1,000, the analysis further showed.
The best funds were mid-cap funds with high NAV. Nippon India Growth Mid Cap Fund had the highest NAV of Rs 4,312.4386. Launched in October 1995, the scheme has offered a CAGR of 22.08% since inception.
Franklin India Mid Cap Fund which has been in the market for about 32.27 years has a NAV of Rs 2,694.4574 and has offered a CAGR of 18.94% since inception.
The next three schemes in the list were flexi cap schemes. HDFC Flexi Cap Fund (earlier known as HDFC Equity Fund) had an NAV of Rs 2,060.1270 and completed 31.19 years in the market. The scheme has offered a CAGR of 18.64% since inception.
Aditya Birla SL Flexi Cap Fund (formerly known as Aditya Birla Sun Life Equity Fund) and Franklin India Flexi Cap Fund (formerly known as Franklin India Equity Fund) had NAV of Rs 1,849.3600 and Rs 1,627.1068 respectively. The schemes have offered a CAGR of 20.88% and 17.58% respectively since their inception.
Nippon India Vision Large & Mid Cap Fund (earlier known as Nippon India Vision Fund) had a NAV of Rs 1,482.6444 and has given a CAGR of 17.87% since its inception date in October 1995.
Franklin India ELSS Tax Saver Fund (formerly known as Franklin India Tax Shield Fund) which was in the market for 26.92 years had a NAV of Rs 1,449.7716. This ELSS fund managed by Franklin Templeton Mutual Fund has offered a CAGR of 20.32% since its inception in April 1999.
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HDFC ELSS Tax Saver (earlier known as HDFC Tax Saver) with a NAV of Rs 1,424.8960 has been in the market for 29.94 years. The scheme has offered a CAGR of 22.78% since its inception.
Sundaram Mid Cap Fund (earlier known as Sundaram Select Midcap Fund), launched in July 2002, has a maturity of 23.64 years and has a NAV of Rs 1,423.1334. The mid-cap fund has posted a CAGR of 23.35% since inception.
HDFC Large Cap Fund (earlier known as HDFC Top 100 Fund) had a NAV of Rs 1,159.0170 and has been in the market for 29.41 years.The scheme has given a CAGR of 18.29% since inception.
ICICI Pro Large & Mid Cap Fund (earlier known as ICICI Prudential Top 100 Fund) had an NAV of Rs 1,034.4200. This large and mid cap fund with a tenure of around 27.67 years has offered a CAGR of 18.26% since its inception in July 1998.
Franklin India Large Cap Fund (earlier known as Franklin India Bluechip Fund) had a NAV of Rs 1,025.3670 and has been in the market for about 32.27 years. The fund has offered a CAGR of 18.61% since its inception in December 1993.
These schemes have experienced many changes, including changes in their benchmarks, making direct performance comparisons with their benchmarks impractical.
We have considered all equity mutual funds except sector, thematic and equity mutual hybrid funds. We consider regular and growth options. We consider the NAV of these schemes as on March 2, 2026 and calculate the performance since their inception.
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Note, the above exercise is not recommended. The exercise was to find out which schemes have an NAV of more than Rs 1,000 and how they have performed since their inception. One should not make investment or redemption decisions based on the above exercise
One should always consider risk appetite, investment horizon and objectives before making investment decisions.
((rejection: The recommendations, suggestions, opinions and views given by the experts are their own. (It does not represent the views of The Economic Times.)
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