11 equity mutual funds with Rs 1,000+ NAV deliver up to 23% CAGR since inception. Check full list

Around 11 equity mutual funds had a net asset value (NAV) of more than Rs 1,000 as of September 14, 2026, while their returns since inception ranged up to 24% CAGR, an analysis by ETMutualFunds showed.

The analysis further showed that of these 11 funds, 10 have been in the market for more than 25 years, while the remaining one has completed nearly 24 years. All these schemes have delivered double-digit returns of more than 17% since their respective inceptions.

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These 11 schemes were from five different categories: mid cap, flexi cap, ELSS, large cap and large & mid cap. Three flexi cap funds and three mid cap funds, two ELSS funds, two large & mid cap funds and one large cap fund had an NAV of more than Rs 1,000, the analysis showed.

The top funds on the list were mid cap funds, which had the highest NAVs. Nippon India Growth Mid Cap Fund had the highest NAV of Rs 4,472.57. Launched on October 8, 1995, the scheme had delivered a 21.80% CAGR since its inception and had an AUM of Rs 52,270 crore as of August 2026.

Franklin India Mid Cap Fund, which has been in the market for around 32.81 years, had a NAV of Rs 2,796.876 and had delivered a CAGR of 18.74% since its inception. The mid cap fund had an AUM of Rs 13,052 crore as of August 2026.

This was followed by three flexi cap funds. HDFC Flexi Cap Fund (earlier known as HDFC Equity Fund) had a NAV of Rs 2,035.23 and has completed 31.73 years in the market. The scheme had delivered a 17.01% CAGR since its inception and had an AUM of Rs 1.13 lakh crore as of August 2026.

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 1,933.21 and Rs 1,574.24, respectively. The schemes had delivered CAGRs of 20.64% and 17.14%, respectively, since their inceptions.

Aditya Birla SL Flexi Cap Fund and Franklin India Flexi Cap Fund had AUMs of Rs 29,044 crore and Rs 19,384 crore, respectively, as of August 2026.

Sundaram Mid Cap Fund (earlier known as Sundaram Select Midcap Fund), launched in July 2002, has been around for 24.15 years and had a NAV of Rs 1,484.18. The mid cap fund had delivered a CAGR of 23.02% since its inception.

Nippon India Vision Large & Mid Cap Fund (earlier known as Nippon India Vision Fund) had a NAV of Rs 1,475.36 and had delivered a 17.51% CAGR since its inception in October 1995. The fund had an AUM of Rs 7,903 crore as of August 2026.

Franklin India ELSS Tax Saver Fund (earlier known as Franklin India Taxshield Fund), which had been in the market for 27.45 years, had a NAV of Rs 1,405.52 and had delivered a 19.75% CAGR since its inception. It had an AUM of Rs 6,222 crore as of August 2026.

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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 1,344.23, has been in the market for 30.48 years. The scheme had delivered a CAGR of 22.10% since its inception.

HDFC Large Cap Fund (earlier known as HDFC Top 100 Fund) had a NAV of Rs 1,110.06 and has been in the market for 29.95 years. The scheme had delivered a CAGR of 17.84% since its inception.

ICICI Pru Large & Mid Cap Fund (earlier known as ICICI Prudential Top 100 Fund) had a NAV of Rs 1,024.69. This large & mid cap fund, which has been in the market for 28.21 years, had delivered a CAGR of 17.85% since its inception in July 1998 and had an AUM of Rs 33,591 crore.

These schemes have undergone several changes, and their benchmarks have also changed over time. Therefore, it is not possible to compare their performance with their respective benchmarks.

We considered all equity mutual funds, excluding sectoral, thematic and equity-oriented hybrid funds. We considered regular and growth options. We considered the NAV of these schemes as of September 14, 2026, and calculated their performance since their respective inceptions.

Note: The above exercise is not a recommendation. The exercise was conducted to identify schemes with an NAV of more than Rs 1,000 and assess how they have performed since their respective inceptions. Investors should not make investment or redemption decisions based on this 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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