The below table shows the Oldest Mutual Funds In India based on AUM, NAV, and minimum SIP.
| Name | AUM (Cr) | NAV (Rs) | Minimum SIP (Rs) |
| HDFC Flexi Cap Fund | 61571.57 | 2021.51 | 100 |
| SBI Large & Midcap Fund | 28172.46 | 651.57 | 1500 |
| UTI Flexi Cap Fund | 27053.06 | 339.35 | 1500 |
| Franklin India Prima Fund | 12745.75 | 3048.09 | 500 |
| Tata Large & Mid Cap Fund | 8412.41 | 605.53 | 100 |
| Franklin India Bluechip Fund | 8256.86 | 1106.71 | 500 |
| Aditya Birla SL Equity Hybrid ’95 Fund | 7983.34 | 1658.66 | 100 |
| Sundaram Equity Savings Fund | 881.56 | 76.96 | 100 |
| JM Medium to Long Duration Fund | 23.83 | 64.33 | 100 |
| LIC MF Equity Savings Fund | 20.16 | 29.26 | 100 |
Table of Contents
Introduction To The List Of Oldest Mutual Funds In India
HDFC Flexi Cap Fund
HDFC Flexi Cap Fund is a Flexi Cap mutual fund scheme from HDFC Mutual Fund. This fund has been operational for 29 years and 10 months, having been launched on January 1, 1995.
HDFC Flexi Cap Fund falls under the Flexi Cap Fund category with an AUM of ₹66,225.06 crores, a 5-year CAGR of 21.67%, an exit load of 1%, and an expense ratio of 1.43%. The SEBI risk category is Very High. Its asset allocation includes 87.11% in Equity, 9.15% in Cash & Equivalents, 3.12% in Real Estate, and 0.62% in Debt.
SBI Large & Midcap Fund
SBI Large & Midcap Fund is a Large & Mid Cap mutual fund scheme from SBI Mutual Fund. This fund has been operational for 31 years and 8 months, having been launched on February 28, 1993.
SBI Large & Midcap Fund falls under the Large & Mid Cap Fund category with an AUM of ₹29,234.37 crores, a 5-year CAGR of 21.67%, an exit load of 0.1%, and an expense ratio of 1.6%. The SEBI risk category is Very High. Its asset allocation includes 94.71% in Equity and 5.29% in Cash & Equivalents.
UTI Flexi Cap Fund
UTI Flexi Cap Fund is a Flexi Cap mutual fund scheme from UTI Mutual Fund. This fund has been operational for 31 years and 4 months, having been launched on May 18, 1992.
UTI Flexi Cap Fund falls under the Flexi Cap Fund category with an AUM of ₹27,053.06 crores, a 5-year CAGR of 20.27%, an exit load of 1%, and an expense ratio of 1%. The SEBI risk category is Very High. Its asset allocation includes 95.79% in Equity, 3.71% in Cash & Equivalents, and 0.50% in Treasury Bills.
Franklin India Prima Fund
Franklin India Prima Fund is a Mid Cap mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been operational for 30 years and 11 months, having been launched on December 1, 1993.
Franklin India Prima Fund falls under the Mid Cap Fund category with an AUM of ₹12,745.75 crores, a 5-year CAGR of 26.77%, an exit load of 1%, and an expense ratio of 0.96%. The SEBI risk category is Very High. Its asset allocation includes 97.55% in Equity and 2.45% in Cash & Equivalents.
Tata Large & Mid Cap Fund
Tata Large & Mid Cap Fund is a Large & Mid Cap mutual fund scheme from Tata Mutual Fund. This fund has been operational for 31 years and 8 months, having been launched on February 28, 1993.
Tata Large & Mid Cap Fund falls under the Large & Mid Cap Fund category with an AUM of ₹8,412.41 crores, a 5-year CAGR of 23.39%, an exit load of 1%, and an expense ratio of 0.7%. The SEBI risk category is Very High. Its asset allocation includes 95.06% in Equity, 4.79% in Cash & Equivalents, and 0.15% in Rights.
Franklin India Bluechip Fund
Franklin India Bluechip Fund is a Large Cap mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been operational for 30 years and 11 months, having been launched on December 1, 1993.
Franklin India Bluechip Fund falls under the Large Cap Fund category with an AUM of ₹8,256.86 crores, a 5-year CAGR of 20.39%, an exit load of 1%, and an expense ratio of 1.03%. The SEBI risk category is Very High. Its asset allocation includes 96.05% in Equity and 3.95% in Cash & Equivalents.
Aditya Birla Sun Life Equity Hybrid ’95 Fund
Aditya Birla Sun Life Equity Hybrid ’95 Fund is an Aggressive Hybrid mutual fund scheme from Aditya Birla Sun Life Mutual Fund. This fund has been operational for 29 years and 9 months, having been launched on February 10, 1995.
Aditya Birla Sun Life Equity Hybrid ’95 Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹7,983.34 crores, a 5-year CAGR of 16.99%, an exit load of 1%, and an expense ratio of 1.06%. The SEBI risk category is Very High. Its asset allocation includes 76.62% in Equity, 10.63% in Corporate Debt, 8.20% in Government Securities, 1.21% in REITs & InvIT, and 3.34% in Others.
Sundaram Equity Savings Fund
Sundaram Equity Savings Fund is an Equity Savings mutual fund scheme from Sundaram Mutual Fund. This fund has been operational for 8 years and 4 months, having been launched on July 7, 2016.
Sundaram Equity Savings Fund falls under the Equity Savings category with an AUM of ₹881.56 crores, a 5-year CAGR of 15.29%, an exit load of 0%, and an expense ratio of 0.52%.
JM Medium to Long Duration Fund
JM Medium to Long Duration Fund is a Medium to Long Duration mutual fund scheme from JM Financial Mutual Fund. This fund has been operational for 27 years and 10 months, having been launched on January 1, 1996.
JM Medium to Long Duration Fund falls under the Medium to Long Duration Fund category with an AUM of ₹23.83 crores, a 5-year CAGR of 5.05%, an exit load of 0%, and an expense ratio of 0.62%. The SEBI risk category is Moderate. Its asset allocation includes 84.07% in Government Securities and 15.71% in Cash & Equivalents, with 0.22% in Others.
LIC MF Equity Savings Fund
LIC MF Equity Savings Fund is an Equity Savings mutual fund scheme from LIC Mutual Fund. This fund has been operational for 8 years and 3 months, having been launched on August 1, 2015.
LIC MF Equity Savings Fund falls under the Equity Savings category with an AUM of ₹20.16 crores, a 5-year CAGR of 11.09%, an exit load of 1%, and an expense ratio of 0.99%. The SEBI risk category is Moderately High. Its asset allocation includes 70.66% in Equity, 18.40% in Cash & Equivalents, 10.76% in Corporate Debt, and 0.18% in Others.
What Are Oldest Mutual Funds In India?
The oldest mutual funds in India include schemes such as the Unit Scheme 1964 (US-64) by Unit Trust of India (UTI), launched in 1964, making it the country’s first mutual fund. Other longstanding funds include schemes from companies like SBI Mutual Fund and HDFC Mutual Fund with decades of history.
India’s mutual fund journey began with UTI’s US-64, setting the foundation for the modern mutual fund industry. It paved the way for public participation in financial markets and introduced retail investors to collective investments. Over time, more funds emerged, building a rich legacy within India’s growing financial sector.
These early funds established credibility and stability, offering consistency through market cycles. Investors often consider these funds for their track record of navigating varied economic conditions. However, while they provide reassurance due to their longevity, investors must assess their current performance and alignment with personal financial goals.
Features Of Oldest Mutual Fund In India
The main features of the oldest mutual fund in India, such as UTI’s Unit Scheme 1964 (US-64), include a long-standing track record, consistent performance across market cycles, and trust built over decades. These funds offer stability and reliability, appealing to risk-averse, long-term investors.
- Long-standing Track Record: The oldest mutual funds in India have proven their resilience and effectiveness through numerous market cycles, demonstrating consistent growth and reliability for investors over decades, establishing themselves as dependable options in varied economic conditions.
- Consistent Performance: These funds have a history of maintaining steady returns across different market phases, showcasing stability and effective fund management that appeals to long-term, risk-averse investors seeking reliable investment avenues.
- Built Investor Trust: With decades of operations, these funds have built significant trust among investors. Their established reputation is due to proven performance and adherence to financial principles, offering confidence to those looking for safer investment options.
- Stability in Volatility: The oldest mutual funds often exhibit resilience during market fluctuations, as they have navigated through various economic downturns. Their experienced management strategies provide a degree of stability, reducing investor anxiety during uncertain periods.
- Attractive to Conservative Investors: These funds cater to individuals who prefer steady growth over quick gains. Their heritage and proven track record make them appealing to conservative investors prioritizing long-term capital preservation and gradual wealth accumulation.
List of Oldest Mutual Funds in India Based on Expense Ratio
The table below shows the List of Oldest Mutual Funds in India Based on Expense Ratio.
| Name | Expense Ratio (%) | Minimum SIP (Rs) |
| Sundaram Equity Savings Fund | 0.52 | 100 |
| JM Medium to Long Duration Fund | 0.62 | 100 |
| SBI Large & Midcap Fund | 0.7 | 1500 |
| Tata Large & Mid Cap Fund | 0.7 | 100 |
| HDFC Flexi Cap Fund | 0.76 | 100 |
| Franklin India Prima Fund | 0.96 | 500 |
| LIC MF Equity Savings Fund | 0.99 | 100 |
| UTI Flexi Cap Fund | 1 | 1500 |
| Franklin India Bluechip Fund | 1.03 | 500 |
| Aditya Birla SL Equity Hybrid ’95 Fund | 1.06 | 100 |
Oldest Mutual Funds In India Based on 3Y CAGR
The table below shows Oldest Mutual Funds In India Based on 3Y CAGR.
| Name | CAGR 3Y (Cr) | Minimum SIP (Rs) |
| HDFC Flexi Cap Fund | 27.63 | 100 |
| Franklin India Prima Fund | 23.42 | 500 |
| SBI Large & Midcap Fund | 21.81 | 1500 |
| Tata Large & Mid Cap Fund | 20.34 | 100 |
| Franklin India Bluechip Fund | 15.40 | 500 |
| Sundaram Equity Savings Fund | 13.53 | 100 |
| Aditya Birla SL Equity Hybrid ’95 Fund | 13.46 | 100 |
| LIC MF Equity Savings Fund | 9.17 | 100 |
| UTI Flexi Cap Fund | 8.77 | 1500 |
| JM Medium to Long Duration Fund | 5.40 | 100 |
Top Oldest Mutual Funds In India Based on Exit Load
Top Oldest Mutual Funds In India Based on Exit Load, i.e., the fee that the AMC charges investors when they exit or redeem their fund units.
| Name | AMC | Exit Load (%) |
| HDFC Flexi Cap Fund | HDFC Asset Management Company Limited | 1 |
| Franklin India Prima Fund | Franklin Templeton Asset Management (India) Private Limited | 1 |
| Tata Large & Mid Cap Fund | Tata Asset Management Private Limited | 1 |
| Franklin India Bluechip Fund | Franklin Templeton Asset Management (India) Private Limited | 1 |
| Aditya Birla SL Equity Hybrid ’95 Fund | Aditya Birla Sun Life AMC Limited | 1 |
| LIC MF Equity Savings Fund | LIC Mutual Fund Asset Management Limited | 1 |
| UTI Flexi Cap Fund | UTI Asset Management Company Private Limited | 1 |
| SBI Large & Midcap Fund | SBI Funds Management Limited | 0.1 |
| Sundaram Equity Savings Fund | Sundaram Asset Management Company Limited | 0 |
| JM Medium to Long Duration Fund | JM Financial Asset Management Private Limited | 0 |
How To Invest in the Oldest Mutual Funds In India?
To invest in the Oldest Mutual Funds In India, start by researching funds with consistent long-term performance. Compare their returns, risk profiles, and investment strategies. You can invest through a broker like Alice Blue or directly with the fund house.
Begin by completing the Know Your Customer (KYC) process if you haven’t already. This typically involves submitting identity and address proof. Once your KYC is verified, you can invest online or offline by filling out the application form and making the payment.
Consider setting up a Systematic Investment Plan (SIP) for regular investments, which can help in rupee cost averaging over the long term. Alternatively, you can make a lump sum investment. Regularly review your investments and rebalance if necessary to ensure they align with your financial goals.
Impact of Government Policies on Mutual Funds In India
Government policies significantly influence mutual fund performance in India. Tax benefits, regulatory changes, and investment incentives attract retail investors and promote financial literacy, enhancing fund inflows. Meanwhile, policy shifts in sectors like infrastructure boost specific mutual fund categories, affecting their overall growth.
Changes in interest rates and fiscal policies also impact mutual funds. For instance, lower interest rates may increase equity fund appeal, while changes in capital gains tax influence investor returns. These policies can reshape mutual fund strategies, making them more aligned with economic priorities.
How Mutual Funds Perform In Economic Downturns?
During economic downturns, mutual funds often experience volatile returns, especially equity funds, which may underperform due to market instability. However, diversified funds can offer some protection, as they spread investments across sectors, potentially minimizing losses compared to single-sector investments.
Fixed-income funds generally perform better during downturns due to their lower exposure to equity markets. Investors may favor debt or balanced funds in uncertain times for stability, as these funds focus on assets less affected by market volatility, offering more predictable returns.
Advantages Of Investing In Oldest Mutual Funds In India?
The main advantage of investing in the oldest mutual funds in India is their proven track record, showcasing stability and performance across market cycles. These funds often provide investors with trust and reliability, as they have weathered economic changes and demonstrated consistent long-term growth potential.
- Proven Track Record: The oldest mutual funds have demonstrated consistent performance over decades, showcasing their resilience across market fluctuations. This historical data helps investors gauge their stability and reliability, providing confidence in their ability to generate returns.
- Experience in Market Cycles: These funds have weathered various economic cycles, including recessions and booms. Their adaptive strategies over time reflect their capacity to handle changing economic conditions, giving investors a sense of security and trust.
- Established Management: With experienced fund managers and robust strategies, these funds benefit from a team that has deep knowledge of market trends and risk management. This experience translates into well-executed decisions and steady fund growth.
- Investor Confidence: Long-standing mutual funds build investor trust through years of reliable service and transparency. Their historical performance data and reputation make them attractive to risk-averse individuals seeking dependable investment options.
- Long-Term Growth: The oldest funds often have a history of consistent growth, supported by diversified portfolios. This advantage helps investors aiming for steady wealth accumulation over time, aligning with long-term financial planning and goals.
Risks Of Investing In The Oldest Mutual Funds In India?
The main risks of investing in the oldest mutual funds in India include potentially outdated investment strategies that may not adapt quickly to changing markets. Additionally, their past performance may not guarantee future success, and they may have higher expense ratios due to legacy structures.
- Outdated Strategies: The oldest mutual funds may rely on investment approaches that aren’t aligned with current market dynamics, potentially affecting their ability to capture modern growth opportunities and adapt to rapidly changing economic conditions.
- Past Performance Uncertainty: Historical success doesn’t ensure future returns. Market conditions evolve, and funds that performed well in the past might not maintain that success in the current or future financial landscape.
- Higher Expense Ratios: Older funds may have higher expense ratios due to legacy structures or less efficient management practices, impacting the net returns investors receive compared to more cost-effective, newer funds.
- Management Shifts: Changes in fund managers over time can lead to inconsistent performance as different strategies and risk tolerances are applied, affecting the fund’s ability to maintain a steady trajectory.
- Limited Modern Innovations: These funds may be slower to integrate new financial instruments or innovative strategies, possibly resulting in missed opportunities compared to more agile, modern funds that embrace advanced investment techniques.
Mutual Funds GDP Contribution
Mutual funds play a crucial role in supporting economic growth by channeling public savings into diverse sectors. By funding businesses across industries, they facilitate capital formation and contribute to GDP growth, particularly through investments in infrastructure, technology, and manufacturing sectors.
As mutual funds provide businesses with capital for expansion, they indirectly generate employment and boost economic activity. The sector’s expansion aligns with the government’s goals for economic development, supporting long-term financial growth for individuals and the nation.
Who Should Invest In Oldest Mutual Funds In India?
Investors looking for stability and long-term track records may find the oldest mutual funds appealing. These funds have demonstrated resilience through market cycles, making them suitable for conservative investors prioritizing dependable growth over high-risk, high-reward investments.
Such funds are ideal for those nearing retirement or with a low-risk tolerance, as they emphasize historical performance over aggressive returns. Seasoned funds provide a benchmark for steady returns, offering investors confidence in consistent performance across diverse market conditions.
History of Mutual Funds in India – FAQs
Top Oldest Mutual Funds In India #1: HDFC Flexi Cap Fund
Top Oldest Mutual Funds In India #2: SBI Large & Midcap Fund
Top Oldest Mutual Funds In India #3: UTI Flexi Cap Fund
Top Oldest Mutual Funds In India #4: Franklin India Prima Fund
Top Oldest Mutual Funds In India #5: Tata Large & Mid Cap Fund
These funds are listed based on the Highest AUM.
The oldest mutual funds in India, based on operational duration and expense ratio, include Sundaram Equity Savings Fund, JM Medium to Long Duration Fund, SBI Large & Midcap Fund, Tata Large & Mid Cap Fund, and HDFC Flexi Cap Fund. These funds have demonstrated consistent performance.
Yes, investing in the oldest mutual funds in India is generally safe for conservative investors. Their historical performance demonstrates resilience across market conditions. However, like all investments, they are subject to market risks, so investors should assess their financial goals and risk tolerance.
To invest in India’s oldest mutual funds, you can open an account with brokers like Alice Blue. After creating your profile, search for your preferred fund, initiate the investment by selecting the amount, and complete the transaction, ensuring compliance with KYC requirements for seamless processing.
Building an emergency fund involves saving three to six months’ worth of expenses in a low-risk, easily accessible account. Start by setting aside a fixed amount each month and choose liquid or short-term funds to keep your savings secure and quickly available during emergencies.
India’s first mutual fund was UTI (Unit Trust of India), established in 1964. As the first player in the Indian mutual fund industry, UTI paved the way for mutual fund investments, offering various schemes that introduced Indian investors to diversified portfolio investing.
India’s largest mutual fund ownership lies with retail investors, institutional investors, and foreign portfolio investors. Asset management companies (AMCs) like SBI, HDFC, and ICICI manage significant assets, but retail investors account for a large part of individual ownership within mutual funds.
Yes, you can invest in the oldest mutual funds in India. These funds are open to retail investors through various channels like brokerage firms, AMCs, and online investment platforms. Their long-standing history makes them suitable for investors seeking reliable, time-tested funds.
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