Net Asset Value (NAV) plays a starring role in the world of mutual funds. It reflects the per unit price of a fund, essentially telling you what each share is worth. But what if that value surpasses the ₹1,000 mark? A select group of mutual funds in India boasts NAVs exceeding ₹1,000, indicating a long and potentially successful track record.
In this article we explore these high-NAV funds, exploring their asset allocation, performance history, and what they can signify for investors seeking a glimpse into the upper echelon of the mutual fund market.
At present, there are 11 mutual fund schemes whose NAV price exceeds ₹1,000.
| Sr No. | Scheme Name | Category | Latest NAV | AUM (Rs Cr) | CAGR Since Inception |
|---|
| 1 | Nippon India Growth Fund | Equity: Mid Cap | 3429.30 | 24,796 | 22.64% |
| 2 | Franklin India Prima Fund | Equity: Mid Cap | 2273.53 | 10,108 | 19.39% |
| 3 | HDFC Flexi Cap | Equity: Flexi Cap | 1636.14 | 50,840 | 18.96% |
| 4 | Aditya Birla Sun Life Flexi Cap | Equity: Flexi Cap | 1521.44 | 19,967 | 21.98% |
| 5 | Franklin India Flexi Cap | Equity: Flexi Cap | 1426.58 | 14,623 | 18.23% |
| 6 | Franklin India ELSS Tax Saver Fund | Equity: ELSS | 1290.36 | 6,180 | 21.37% |
| 7 | Nippon India Vision | Equity: Large and Mid Cap | 1239.59 | 4,335 | 18.36% |
| 8 | Aditya Birla Sun Life MNC | Equity: Thematic-MNC | 1209.48 | 3,492 | 15.29% |
| 9 | HDFC ELSS Tax saver | Equity: ELSS | 1184.97 | 13,990 | 22.07% |
| 10 | Sundaram MidCap | Equity: Mid Cap | 1144.01 | 10,269 | 24.35% |
| 11 | HDFC Top 100 Fund | Equity: Large Cap | 1030.12 | 32,355 | 18.29% |
The AUM data as of 31-03-2024 and the NAV is recorded on 07-05-2024
Nippon India Growth Fund: This equity Mid-Cap fund was launched on October 5, 1995. It has the latest NAV of ₹3,429.30 and an expense ratio of 1.65%. The fund manages assets worth ₹26,821.89 crore as of March 31, 2024. The asset allocation is 99.38% in domestic equities, which includes 11.22% in giant companies, 25.66% in large-cap stocks, 61.41% in mid-cap stocks, and 1.61% in small-cap stocks. Since its inception, the fund has achieved a CAGR of 22.64%, and a ₹10,000 investment has grown to ₹34,32,477.
Franklin India Prima Fund: Launched on December 1, 1993, this equity Mid-Cap fund has an NAV of ₹2,273.53 and an expense ratio of 1.80%. It manages ₹10,108 crore in assets. The fund invests 97.34% in domestic equities, with allocations of 8.48% in giant companies, 22.89% in large-cap stocks, 64.06% in mid-cap stocks, and 4.57% in small-cap stocks. It has a CAGR of 19.39% since inception, and a ₹10,000 investment has grown to ₹22,07,152.
HDFC Flexi Cap Fund: This equity Flexi Cap fund, launched on January 1, 1995, has an NAV of ₹1,636.14 and an expense ratio of 1.48%. The fund manages ₹50,840 crore in assets. Its asset allocation includes 87.51% in domestic equities (66.57% giant companies, 22.99% Large Cap, 8.16% Mid Cap, 2.29% Small Cap). The fund's CAGR since inception is 18.96%, with a ₹10,000 investment having grown to ₹16,37,982.
Aditya Birla Sun Life Flexi Cap Fund: Started on August 14, 1998, this equity Flexi Cap fund has an NAV of ₹1,521.44 and an expense ratio of 1.68%. It holds ₹19,967 crore in assets. The investment breakdown is 98.94% in domestic equities, including 56.73% giant companies, 21.62% in large-cap stocks, 19.49% in mid-cap stocks, and 2.16% in small-cap stocks. The CAGR since inception is 21.98%, and a ₹10,000 investment has grown to ₹16,66,306.
Franklin India Flexi Cap Fund: This fund was launched on September 29, 1994, as an equity Flexi Cap with an NAV of ₹1,426.58 and an expense ratio of 1.75%. It manages ₹14,623 crore in assets. The asset allocation is 94.97% in domestic equities (61.9% giant company, 15.14% Large Cap, 21.21% Mid Cap, 1.75% Small Cap). It has a CAGR of 18.23%, growing a ₹10,000 investment to ₹14,27,357.
Franklin India ELSS Tax Saver Fund: An equity ELSS fund launched on April 5, 1999, it has an NAV of ₹1,290.36 and an expense ratio of 1.84%. The fund's assets are ₹6,180 crore, with 98.25% invested in domestic equities (61.63% giant companies, 15.55% Large Cap, 20.87% Mid Cap, 1.96% Small Cap). Since its inception, its CAGR is 21.37%, and a ₹10,000 investment has increased to ₹12,93,513.
Nippon India Vision Fund: Launched on October 5, 1995, this equitylLarge and mid-cap fund has an NAV of ₹1,239.59 and an expense ratio of 2%. It manages ₹4,536 crore in assets. It allocates 99.45% to domestic equities, including 48.6% in giant companies, 36.77% in large-cap stocks, and 24.18% in mid-cap stocks. The fund has recorded a CAGR of 18.36%, with a ₹10,000 investment growing to ₹12,42,405.
Aditya Birla Sun Life MNC Fund: This equity Thematic-MNC fund, with a launch date of December 1, 1999, has an NAV of ₹3,492 and an expense ratio of 2.02%. It manages ₹3,492 crore in assets and invests 99.57% in domestic equities (13.09% giant companies, 11.94% Large Cap, 61.93% Mid Cap, 13.11% Small Cap). The fund has a CAGR of 15.29%, and a ₹10,000 investment has grown to ₹3,24,162.
HDFC ELSS Tax saver Fund: This ELSS fund was launched on March 5, 1996. It has a NAV of ₹1184.97 and an expense ratio of 1.74%. The fund manages ₹13,990 crore in assets, investing 92.66% in domestic equities (67.94% giant companies, 20.91% Large Cap, 7.79% Mid Cap, 3.35% Small Cap). The fund's CAGR since inception is 22.07%, and a ₹10,000 investment has grown to ₹27,64,778.
Sundaram MidCap Fund: This Mid-Cap equity fund started on July 1, 2002, has an NAV of ₹1144.01 and an expense ratio of 1.76%. It manages ₹10,269 crore in assets, investing 95.28% in domestic equities (41.54% Large Cap, 57.36% Mid Cap, 1.1% Small Cap). The fund has a CAGR of 24.35%, turning a ₹10,000 investment into ₹11,73,549.
HDFC Top 100 Fund: This Equity: Large Cap fund was launched on October 1, 1996. It has a NAV of ₹1030.12 and an expense ratio of 1.63%. The fund manages ₹32,355 crore in assets. The asset allocation includes 95.35% in domestic equities, specifically 83.48% in giant companies, 16.52% in large-cap stocks. The fund has delivered a CAGR of 18.29% since its inception, turning a ₹10,000 investment into ₹10,34,105.
Mutual funds with high net asset values (NAVs) frequently show solid performance and consistency. Thus becoming the go-to choice for those looking for long-term growth. Their histories indicate well-experienced management and a deep comprehension of the market, which helps to deal with complex investment environments.
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