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An analysis of NAV data of the MF schemes done by Cafemutual reveals that the top 50 MF schemes based on their NAV growth multiplied investors wealth by at least 84 times (84x) on an average as on August 30, 2024.
Nippon India Growth Fund, a mid cap fund witnessed the highest growth in its NAV. The scheme’s NAV went up by 411x since its inception in October 1995. This indicates that Rs.1 lakh invested in October 1995 has now become Rs.4.11 crore. The scheme manages an AUM of Rs.33,700 crore.
Another mid cap fund, Franklin India Prima Fund occupied the second spot as it saw its NAV multiply by 278x. This fund was launched in December 1993. If someone had invested Rs.1 lakh in this fund, it could have grown to Rs.2.78 crore.
HDFC Flexi Cap Fund grew investors’ wealth by 189x. Rs. 1 lakh invested in January 1995 in this fund has become Rs.1.89 crore in August, 2024.
The analysis shows that 12 schemes helped clients make at least Rs.1 crore on Rs.1 lakh invested since inception.
These schemes are – Aditya Birla Sun Life Flexi Cap Fund, Franklin India Flexi Cap Fund, Franklin India Tax Saver Fund, Nippon India Vision Fund, Aditya Birla Sun Life MNC Fund, Sundaram Mid Cap Fund, HDFC ELSS Tax Saver Fund, HDFC Top 100 Fund and Franklin India Bluechip Fund.
Interestingly, the majority of these schemes are large cap oriented including value funds. There are 13 large cap funds in the list of the top 50 schemes which saw the highest growth in NAV.
Other categories of funds in this list include sectoral funds (11 schemes), large and mid cap (8 schemes), ELSS (6), mid cap (6), flexi cap (3) and multicap (3). Interestingly, there are no small cap funds, which is currently the flavour of the scheme.
In terms of fund houses, Aditya Birla Sun Life MF and Franklin Templeton led the table with 6 schemes each making it to the list.
5 fund houses – HDFC, ICICI Prudential, Nippon India, SBI and Tata have 5 schemes each in this list. Other fund houses in the list are Sundaram (3 schemes), DSP, HSBC, Kotak and quant (2 schemes each) and PGIM and UTI (1 scheme).
Let us look at the table to know more about the top 50 MF schemes based on their NAV growth.
|
MF schemes |
Regular plan NAV as on August 30 (In Rs.) |
Initial NAV (In Rs.) |
Growth in NAV since inception |
Value of Rs.1 lakh if an investor stays invested till date since inception |
AUM (In Rs.cr.) |
|
Nippon India Growth Fund |
4,113.16 |
10.00 |
411 |
4,11,31,646 |
33,699 |
|
Franklin India Prima Fund |
2,784.04 |
10.00 |
278 |
2,78,40,435 |
12,746 |
|
HDFC Flexi Cap Fund |
1,894.81 |
10.00 |
189 |
1,89,48,110 |
62,951 |
|
Aditya Birla Sun Life Flexi Cap Fund |
1,779.95 |
10.00 |
178 |
1,77,99,500 |
23,241 |
|
Franklin India Flexi Cap Fund |
1,660.80 |
10.00 |
166 |
1,66,07,995 |
17,843 |
|
Franklin India ELSS Tax Saver Fund |
1,506.50 |
10.00 |
151 |
1,50,65,006 |
7,143 |
|
Nippon India Vision Fund |
1,457.18 |
10.00 |
146 |
1,45,71,841 |
5,373 |
|
Aditya Birla Sun Life MNC Fund |
1,415.77 |
10.00 |
142 |
1,41,57,700 |
4,057 |
|
Sundaram Mid Cap Fund |
1,383.67 |
10.00 |
138 |
1,38,36,691 |
12,717 |
|
HDFC ELSS Tax Saver Fund |
1,379.65 |
10.00 |
138 |
1,37,96,460 |
16,316 |
|
HDFC Top 100 Fund |
1,175.33 |
10.00 |
118 |
1,17,53,290 |
37,663 |
|
Franklin India Bluechip Fund |
1,023.64 |
10.00 |
102 |
1,02,36,433 |
8,235 |
|
ICICI Prudential Large & Mid Cap Fund |
989.23 |
10.00 |
99 |
98,92,300 |
16,572 |
|
Aditya Birla Sun Life Equity Advantage Fund |
935.76 |
10.00 |
94 |
93,57,600 |
6,303 |
|
ICICI Prudential ELSS Tax Saver |
931.76 |
10.00 |
93 |
93,17,600 |
14,911 |
|
ICICI Prudential Multicap Fund |
810.74 |
10.00 |
81 |
81,07,400 |
14,275 |
|
Aditya Birla Sun Life Mid Cap Fund |
800.64 |
10.00 |
80 |
80,06,400 |
6,149 |
|
Templeton India Value Fund |
762.53 |
10.00 |
76 |
76,25,301 |
2,279 |
|
HDFC Capital Builder Value Fund |
747.73 |
10.00 |
75 |
74,77,330 |
7,668 |
|
Quant Active Fund |
719.31 |
10.00 |
72 |
71,93,069 |
11,273 |
|
DSP Equity Opportunities Fund |
636.33 |
10.00 |
64 |
63,63,250 |
14,246 |
|
SBI Large & Midcap Fund |
611.29 |
10.00 |
61 |
61,12,904 |
28,170 |
|
Nippon India Banking & Financial Services Fund |
577.11 |
10.00 |
58 |
57,71,086 |
6,139 |
|
Kotak Bluechip Fund |
574.92 |
10.00 |
57 |
57,49,150 |
9,461 |
|
Franklin India Technology Fund |
552.08 |
10.00 |
55 |
55,20,839 |
1,892 |
|
Tata Large & Mid Cap Fund |
541.00 |
10.00 |
54 |
54,09,962 |
8,406 |
|
ICICI Prudential FMCG Fund |
531.92 |
10.00 |
53 |
53,19,200 |
1,815 |
|
Aditya Birla Sun Life Frontline Equity Fund |
530.52 |
10.00 |
53 |
53,05,200 |
30,617 |
|
Nippon India Pharma Fund |
518.75 |
10.00 |
52 |
51,87,545 |
8,646 |
|
Tata Large Cap Fund |
516.63 |
10.00 |
52 |
51,66,273 |
2,464 |
|
Sundaram ELSS Tax Saver Fund |
510.70 |
10.00 |
51 |
51,07,008 |
1,412 |
|
HSBC Large Cap Fund |
492.19 |
10.00 |
49 |
49,21,912 |
2,016 |
|
Aditya Birla Sun Life Dividend Yield Fund |
486.46 |
10.00 |
49 |
48,64,600 |
1,600 |
|
DSP Top 100 Equity Fund |
467.80 |
10.00 |
47 |
46,78,020 |
4,457 |
|
ICICI Prudential Value Discovery Fund |
466.69 |
10.00 |
47 |
46,66,900 |
50,158 |
|
Tata Midcap Growth Fund |
450.61 |
10.00 |
45 |
45,06,119 |
4,464 |
|
SBI Long Term Equity Fund |
448.27 |
10.00 |
45 |
44,82,661 |
27,992 |
|
Tata Ethical Fund |
433.78 |
10.00 |
43 |
43,37,820 |
3,212 |
|
UTI MNC Fund |
414.53 |
10.00 |
41 |
41,45,344 |
3,175 |
|
SBI Healthcare Opportunities Fund |
408.29 |
10.00 |
41 |
40,82,850 |
3,205 |
|
Quant ELSS Tax Saver Fund |
403.95 |
10.00 |
40 |
40,39,549 |
11,139 |
|
SBI Contra Fund |
398.37 |
10.00 |
40 |
39,83,726 |
39,385 |
|
HSBC Midcap Fund |
394.34 |
10.00 |
39 |
39,43,404 |
12,025 |
|
Sundaram Multi Cap Fund |
384.66 |
10.00 |
38 |
38,46,611 |
2,855 |
|
SBI Magnum Global Fund |
377.08 |
10.00 |
38 |
37,70,789 |
6,789 |
|
Tata Equity PE Fund |
375.67 |
10.00 |
38 |
37,56,680 |
8,976 |
|
Nippon India Power & Infra Fund |
371.27 |
10.00 |
37 |
37,12,714 |
7,639 |
|
HDFC Large and Mid Cap Fund |
346.92 |
10.00 |
35 |
34,69,150 |
23,540 |
|
PGIM India Large Cap Fund |
345.34 |
10.00 |
35 |
34,53,400 |
619 |
|
Kotak Equity Opportunities Fund |
343.67 |
10.00 |
34 |
34,36,700 |
25,288 |
|
Total average |
843.67 |
10.00 |
84 |
84,36,700 |
13,464 |
Data source: AMFI
