Around 11 equity mutual funds with NAVs above Rs 1,000 have delivered strong long-term returns, with CAGRs reaching up to 24%. Most of these funds have been in the market for over two decades, highlighting the role of time and compounding in wealth creation across categories like mid cap and flexi cap.

11 equity mutual funds with over Rs 1,000 NAV offer upto 24% CAGR since their inception

Synopsis

Around 11 equity mutual funds with NAVs above Rs 1,000 have delivered strong long-term returns, with CAGRs reaching up to 24%. Most of these funds have been in the market for over two decades, highlighting the role of time and compounding in wealth creation across categories like mid cap and flexi cap.

Around 11 equity mutual funds had a net asset value (NAV) of over Rs 1,000 as on May 5, 2026 and have offered upto 24% CAGR since their respective inception, an analysis by ETMutualFunds showed.

Out of these 11 funds, 10 have been in the market for more than 25 years. The exception was Sundaram Mid Cap Fund, which has completed around 23.81 years in the market. All these schemes have offered double-digit returns of more than 17% since their respective inception.

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The schemes were from five different categories such as mid cap, flexi cap, ELSS, large cap and large & mid cap fund category. Three flexi cap funds and mid cap funds each, two ELSS, and one large cap and large & mid cap fund each had NAVs of more than Rs 1,000, the analysis showed.

The top funds were mid cap funds with the highest NAV. Nippon India Growth Mid Cap Fund had the highest NAV of Rs 4,332.66. Launched in October 1995, the scheme has offered 21.95% CAGR since its inception. Franklin India Mid Cap Fund, which has been in the market for around 32.45 years, had a NAV of Rs 2,668.40 and offered a CAGR of 18.79% since its inception.

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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 1,944.04 and has completed 31.36 years in the market. The scheme offered 18.30% 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 NAVs of Rs 1,837 and Rs 1,566 respectively. The schemes offered CAGRs of 20.70% and 17.33% respectively since their inception.

Nippon India Vision Large & Mid Cap Fund (earlier known as Nippon India Vision Fund) had a NAV of Rs 1,456 and gave 17.68% CAGR since its inception in October 1995.

Sundaram Mid Cap Fund (earlier known as Sundaram Select Midcap Fund), launched in July 2002, has been around for 23.29 years and had a NAV of Rs 1,425. The mid cap fund posted a CAGR of 23.16% since its inception.

Franklin India ELSS Tax Saver Fund (earlier known as Franklin India Taxshield Fund), which has been in the market for 27.09 years, had a NAV of Rs 1,394.96. This ELSS fund managed by Franklin Templeton Mutual Fund offered a CAGR of 20% since its inception in April 1999.

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The next two funds were from HDFC Mutual Fund. HDFC ELSS Tax saver (earlier known as HDFC Taxsaver), which had a NAV of Rs 1,334, has been in the market for 30.12 years. The scheme offered a CAGR of 22.36% since its inception.

HDFC Large Cap Fund (earlier known as HDFC Top 100 Fund) had a NAV of Rs 1,092 and has been in the market for 29.59 years. The scheme has given a CAGR of 17.94% since its inception.

ICICI Pru Large & Mid Cap Fund (earlier known as ICICI Prudential Top 100 Fund) had a NAV of Rs 1,004. This large & mid cap fund, which has been around for 27.84 years, offered a CAGR of 18.01% since its inception in July 1998.

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 excluding sectoral, thematic and equity-oriented hybrid funds. We considered regular and growth options. We considered NAV of these schemes as on May 5, 2026 and calculated performance since their respective inception.

Note, the above exercise is not a recommendation. The exercise was 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.

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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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