Around 13 equity mutual funds had a net asset value (NAV) of Rs 1,000 and have offered up to 24% CAGR since their respective inception, an analysis by ETMutualFunds showed.
The schemes were from seven different categories such as mid cap, flexi cap, ELSS, aggressive hybrid, large cap, large & mid cap fund, and a thematic fund category. Three flexi cap funds and mid cap funds each, two ELSS, two large cap funds, a large & mid cap fund, a thematic fund, and an aggressive hybrid fund had NAVs of more than Rs. 1,000.
The top funds were mid cap funds with the highest NAV. Nippon India Growth Fund had the highest NAV of Rs 4,133.80. Launched in October 1995 the scheme had offered 22.38% CAGR since its inception. Franklin India Prima Fund which has been in the market for around 31.68 years had a NAV of Rs 2,756.94 and offered a CAGR of 19.41% since its inception.
The next three schemes in the list were flexi cap schemes. HDFC Flexi Cap Fund (Earlier known as HDFC Equity Fund) had a NAV of Rs 1,972.26 and has completed 30.60 years in the market. The scheme offered 18.85% 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 1,770.78 and Rs 1,636.14 respectively. The schemes offered a CAGR of 21.19% and 17.97% respectively since their inception.
Aditya Birla SL Equity Hybrid ’95 Fund had a NAV of Rs 1,520.79 and has offered 17.92% CAGR in 30.49 years.
Franklin India ELSS Tax Saver Fund (Earlier known as Franklin India Taxshield Fund) which had been in the market for 26.32 years had a NAV of Rs 1,476.43. The ELSS fund had offered a CAGR of 20.90% since its inception in April 1999. Nippon India Vision Large & Mid Cap Fund (Earlier known as Nippon India Vision Fund) had a NAV of Rs 1,449.47 and gave 18.16% CAGR since its inception date in October 1995.
HDFC ELSS Tax saver (Earlier known as HDFC Taxsaver) had a NAV of Rs 1,402.22 and has been around in the market for 29.35 years. The scheme offered a CAGR of 23.21% since its inception.
Sundaram Mid Cap Fund (Earlier known as Sundaram Select Midcap Fund) which has been around for 23.05 years had a NAV of Rs 1,372.36. The mid cap fund posted a CAGR of 23.81% since its inception.
Aditya Birla SL MNC Fund which has been in the market for nearly 25.61 years had a NAV of Rs 1,370. The fund has offered a CAGR of 15.26% since its inception in December 1999.
The last two funds were large cap funds. HDFC Large Cap Fund (Earlier known as HDFC Top 100 Fund) had a NAV of Rs 1,135.06. The scheme has given a CAGR of 18.61% since its inception.
Franklin India Large Cap Fund (Erstwhile known as Franklin India Bluechip Fund) had a NAV of Rs 1,019.80 and has been in the market for around 31.68 years. The fund has offered a CAGR of 18.96% since its inception in December 1993.
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 including sectoral, thematic and equity oriented hybrid funds. We considered regular and growth options. We considered NAV of these schemes as on July 29, 2025 and calculated performance since their respective inception.
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. 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.
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