Looking for long-term wealth creators? These 12 equity mutual funds have over Rs 1,000+ NAV and up to 24% CAGR

Around 12 equity mutual funds had a net asset value (NAV) of over Rs 1,000 as on July 6, 2026 and have offered up to 24% CAGR since their respective inception, an analysis by ETMutualFunds showed.

The analysis further showed that out of these 12 funds, 11 have been in the market for more than 25 years whereas the last one has completed nearly 23 years in the market. All these schemes have offered double-digit returns of more than 15% since their respective inception.

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These 12 schemes were from five different categories such as midcap, flexicap, ELSS, largecap, large & midcap fund category. Three flexicap funds and midcap funds each, two ELSS, two largecap and large & midcap funds each had more than Rs 1,000 NAV, the analysis showed.

Midcap funds topped the list with the highest NAV. Nippon India Growth Mid Cap Fund had the highest NAV of Rs 4,499.70. Launched on October 8 1995, the scheme had offered 21.97% CAGR since its inception and had an AUM of Rs 47,415 crore as of May 2026.


Franklin India Mid Cap Fund which has been in the market for around 32.62 years had a NAV of Rs 2,805.76 and offered a CAGR of 18.87% since its inception. This mid cap fund had an AUM of Rs 12,230 crore as of May 2026.

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 2,043.64 and has completed 31.53 years in the market. The scheme offered 18.38% CAGR since its inception and as of May 2026 had an AUM of Rs 1.01 lakh crore.

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 1,920.89 and Rs 1,615.83 respectively. The schemes offered a CAGR of 20.76% and 17.35% respectively since their inception.

Aditya Birla SL Flexi Cap Fund and Franklin India Flexi Cap Fund had an AUM of Rs 26,032 crore and Rs 18,796 crore respectively as of May 2026.

Nippon India Vision Large & Mid Cap Fund (earlier known as Nippon India Vision Fund) had a NAV of Rs 1,500.72 and gave 17.69% CAGR since its inception date in October 1995. The fund had an AUM of Rs 7,232 crore.

Sundaram Mid Cap Fund (earlier known as Sundaram Select Midcap Fund), launched in July 2002, has been around for 23.95 years and had a NAV of Rs 1,479.37. The mid cap fund posted a CAGR of 23.17% since its inception.

Franklin India ELSS Tax Saver Fund (Earlier known as Franklin India Taxshield Fund) which had been in the market for 27.26 years had a NAV of Rs 1,438.59 has delivered 20% CAGR since its inception. It had an AUM of Rs 6,038 crore as of May 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 1,381.61 has been around in the market for 30.29 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 1,141.14 and has been there in the market for 29.76 years. The scheme has given a CAGR of 18% since its inception.

ICICI Pru Large & Mid Cap Fund (Earlier known as ICICI Prudential Top 100 Fund) had a NAV of Rs 1,033.19. This large & mid cap fund which has been around for 28.01 years offered a CAGR of 18.01% since its inception in July 1998 and had an AUM of Rs 30,146 crore.

Franklin India Large Cap Fund (Erstwhile known as Franklin India Bluechip Fund) had a NAV of Rs 1,017.93 and has been in the market for around 32.62 years. The fund has offered a CAGR of 18.36% since its inception in December 1993 and as of May 2026 had an AUM of Rs 7,145 crore.

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 the NAV of these schemes as on July 6, 2026 and calculated performance since their respective inception.

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

(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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