Nippon India Growth Fund, a mid- cap fund, witnessed the highest growth..!

Nippon India Growth Fund, a mid- cap fund, witnessed the highest growth..!

Nippon India Growth Fund, a mid cap fund witnessed the highest growth in its NAV

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 investor's 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	Value of Rs.1 lakh if an investor stays invested till date since inception	AUM (In Rs.cr.)
Nippon India Growth Fund	4,11,31,646	33,699
Franklin India Prima Fund	2,78,40,435	12,746
HDFC Flexi Cap Fund	1,89,48,110	62,951
Aditya Birla Sun Life Flexi Cap Fund	1,77,99,500	23,241
Franklin India Flexi Cap Fund	1,66,07,995	17,843
Franklin India ELSS Tax Saver Fund	1,50,65,006	7,143
Nippon India Vision Fund	1,45,71,841	5,373
Aditya Birla Sun Life MNC Fund	1,41,57,700	4,057
Sundaram Mid Cap Fund	1,38,36,691	12,717
HDFC ELSS Tax Saver Fund	1,37,96,460	16,316
HDFC Top 100 Fund	1,17,53,290	37,663
Franklin India Bluechip Fund	1,02,36,433	8,235
ICICI Prudential Large & Mid Cap Fund	98,92,300	16,572
Aditya Birla Sun Life Equity Advantage Fund	93,57,600	6,303
ICICI Prudential ELSS Tax Saver	93,17,600	14,911
ICICI Prudential Multicap Fund	81,07,400	14,275
Aditya Birla Sun Life Mid Cap Fund	80,06,400	6,149
Templeton India Value Fund	76,25,301	2,279
HDFC Capital Builder Value Fund	74,77,330	7,668
Quant Active Fund	71,93,069	11,273
DSP Equity Opportunities Fund	63,63,250	14,246
SBI Large & Midcap Fund	61,12,904	28,170
Nippon India Banking & Financial Services Fund	57,71,086	6,139
Kotak Bluechip Fund	57,49,150	9,461
Franklin India Technology Fund	55,20,839	1,892
Tata Large & Mid Cap Fund	54,09,962	8,406
ICICI Prudential FMCG Fund	53,19,200	1,815
Aditya Birla Sun Life Frontline Equity Fund	53,05,200	30,617
Nippon India Pharma Fund	51,87,545	8,646
Tata Large Cap Fund	51,66,273	2,464
Sundaram ELSS Tax Saver Fund	51,07,008	1,412
HSBC Large Cap Fund	49,21,912	2,016
Aditya Birla Sun Life Dividend Yield Fund	48,64,600	1,600
DSP Top 100 Equity Fund	46,78,020	4,457
ICICI Prudential Value Discovery Fund	46,66,900	50,158
Tata Midcap Growth Fund	45,06,119	4,464
SBI Long Term Equity Fund	44,82,661	27,992
Tata Ethical Fund	43,37,820	3,212
UTI MNC Fund	41,45,344	3,175
SBI Healthcare Opportunities Fund	40,82,850	3,205
Quant ELSS Tax Saver Fund	40,39,549	11,139
SBI Contra Fund	39,83,726	39,385
HSBC Midcap Fund	39,43,404	12,025
Sundaram Multi Cap Fund	38,46,611	2,855
SBI Magnum Global Fund	37,70,789	6,789
Tata Equity PE Fund	37,56,680	8,976
Nippon India Power & Infra Fund	37,12,714	7,639
HDFC Large and Mid Cap Fund	34,69,150	23,540
PGIM India Large Cap Fund	34,53,400	619
Kotak Equity Opportunities Fund	34,36,700	25,288
Total average	84,36,700	13,464

Data source: AMFI

Please note that we haven't factored in dividend payouts by these schemes.

 

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