Top 10 Equity Mutual Funds Delivering Over Rs. 1,000 NAV with 24% CAGR Returns
An equity mutual fund is an investment option where your money is pooled with others and invested mainly in stocks. A team of experts manages the fund, deciding on the strategy and choosing which stocks to buy or sell. There are 10 equity mutual funds that had a NAV (Net Asset Value) of Rs.1,000 and have delivered up to 24% CAGR since they started.
Out of these 10 funds, nine have been in the market for over 25 years. The only exception is the Sundaram Mid Cap Fund. The Sundaram Mid Cap Fund has completed approx. 22 years. All these schemes have delivered strong double-digit returns, over 15% CAGR since their inception.
The schemes belonged to five different categories, which are ELSS, flexi-cap, large-cap, mid-cap, and large & mid-cap funds. There were three flexi-cap funds, three mid-cap funds, two ELSS funds, one large-cap fund, and one large & mid-cap fund with NAVs above Rs.1,000.
List of Equity Mutual Funds with an NAV of more than Rs.1,000
- Nippon India Growth Fund
- Franklin India Prima Fund
- HDFC Flexi Cap Fund
- Aditya Birla SL Flexi Cap Fund
- Franklin India Flexi Cap Fund
- Franklin India ELSS Tax Saver Fund
- Nippon India Vision Fund
- HDFC ELSS Tax Saver
- Sundaram Mid Cap Fund
- HDFC Large Cap Fund
The Nippon India Growth Fund had the highest NAV of Rs.3,815.86 and has delivered a 22.48% CAGR since its start. Franklin India Prima Fund, which has been in the market for approx. 31 years, had an NAV of Rs.2,567.46 and gave a CAGR of 19.49% since its inception.
The next three schemes on the list were flexi-cap funds. HDFC Flexi Cap Fund had an NAV of Rs.1,795.27 and has been in the market for more than 30 years. The scheme delivered an 18.84% CAGR since its inception.
Aditya Birla SL Flexi Cap Fund had an NAV of Rs.1,638.68, while Franklin India Flexi Cap Fund had a NAV of Rs.1,520.34. The Aditya Birla scheme delivered a CAGR of 21.29%, while the Franklin India scheme delivered a CAGR of 18.01% since its inception.
Franklin India ELSS Tax Saver Fund, which has been in the market for more than 25 years, had an NAV of Rs.1,379.38. The ELSS fund delivered a CAGR of 21.04% since its inception in April 1999. Nippon India Vision Fund, with an NAV of Rs.1,352.00, delivered an 18.22% CAGR since its inception in October 1995.
HDFC ELSS Tax Saver had an NAV of Rs.1,278.09, has been in the market for more than 28 years, and has delivered a CAGR of 23.28% since its inception. Sundaram Mid Cap Fund, which has been around for 22 years, had an NAV of Rs.1,272.51 and posted a CAGR of 24% since its inception.
HDFC Large Cap Fund, the only large-cap fund in these top 10 equity mutual funds, had an NAV of Rs.1,060.16. The scheme has given a CAGR of 18.69% since its inception.
Investors should always consider risk appetite, investment horizon, and goals before making any investment decision.
