Oldest Mutual Funds In India English

Oldest Mutual Funds In India

The table below shows the Oldest Mutual Funds In India based on AUM, NAV, and Minimum SIP.

NameAUM (Cr)NAVMinimum SIP
HDFC Flexi Cap Fund49656.921794.91100.00
UTI Flexi Cap Fund24503.54291.131500.00
Nippon India Growth Fund24480.783706.78100.00
SBI Large & Midcap Fund21270.03568.221500.00
HDFC Large and Mid Cap Fund17313.86311.511500.00
Quant Small Cap Fund17193.09268.471000.00
Franklin India Flexi Cap Fund14470.611591.11500.00
HDFC ELSS Tax saver13990.291284.42500.00
UTI Large Cap Fund12146.68265.601500.00
ICICI Pru Multicap Fund11342.34769.75500.00

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What are the Oldest Mutual Funds?

The oldest mutual fund, Massachusetts Investors Trust, was established on March 21, 1924. It marked the beginning of collective investment schemes that allowed a group of investors to pool their resources into a diversified portfolio managed by professionals.

This mutual fund was revolutionary because it introduced the concept of an open-ended fund where new shares were continuously issued and redeemed based on demand. This allowed for greater liquidity compared to the closed-end funds that were more common at the time.

The success of Massachusetts Investors Trust led to the proliferation of mutual funds, providing investors with accessible options for diversifying their investments and managing risk. This laid the foundation for the modern mutual fund industry, which now offers myriad fund choices across asset classes and investment strategies.

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Oldest Mutual Funds In India

The table below shows the Oldest Mutual Funds In India based on the lowest to highest expense ratio.

NameExpense RatioMinimum SIP
Quant Small Cap Fund0.701000.00
Tata Large & Mid Cap Fund0.73100.00
Tata Ethical Fund0.761500.00
SBI Large & Midcap Fund0.771500.00
HDFC Flexi Cap Fund0.78100.00
Tata Mid Cap Growth Fund0.79100.00
Nippon India Growth Fund0.81100.000
HDFC Large and Mid Cap Fund0.821500.00
UTI Large Cap Fund0.851500.00
ICICI Pru Multicap Fund0.89500.00

List Of Oldest Mutual Funds In India

The table below shows the List Of the Oldest Mutual Funds In India based on the Highest 3Y CAGR.

NameCAGR 3YMinimum SIP
Quant Small Cap Fund42.131000.00
Nippon India Growth Fund31.72100.00
Templeton India Value Fund30.97100.00
HDFC Flexi Cap Fund29.46100.00
HDFC ELSS Tax saver28.80500.00
HDFC Large and Mid Cap Fund28.771500.00
Tata Mid Cap Growth Fund27.13100.00
ICICI Pru Multicap Fund27.03500.00
Franklin India Flexi Cap Fund25.44500.00
Nippon India Vision Fund24.81100.00

Oldest Equity Mutual Fund In India 

The table below shows the Oldest Equity Mutual Fund In India based on exit load, i.e., the fee that the AMC charges investors when they exit or redeem their fund units.

NameAMCExit Load
HDFC ELSS Tax saverHDFC Asset Management Company Limited0.00
Sundaram ELSS Tax Saver FundSundaram Asset Management Company Limited0.00
SBI Large & Midcap FundSBI Funds Management Limited0.10
Tata Ethical FundTata Asset Management Private Limited0.50
Quant Small Cap FundQuant Money Managers Limited1.00
Nippon India Growth FundNippon Life India Asset Management Limited1.00
Templeton India Value FundFranklin Templeton Asset Management (India) Private Limited1.00
HDFC Flexi Cap FundHDFC Asset Management Company Limited1.00
HDFC Large and Mid Cap FundHDFC Asset Management Company Limited1.00
Tata Mid Cap Growth FundTata Asset Management Private Limited1.00

Top List Of Oldest Mutual Funds In India

The table below shows the Top List Of Oldest Mutual Funds In India based on Absolute 1 Year Returns and AMC.

NameAMCAbsolute Returns – 1Y
Quant Small Cap FundQuant Money Managers Limited75.09
Nippon India Growth FundNippon Life India Asset Management Limited60.82
Tata Mid Cap Growth FundTata Asset Management Private Limited59.20
Franklin India Prima FundFranklin Templeton Asset Management (India) Private Limited52.62
ICICI Pru Multicap FundICICI Prudential Asset Management Company Limited52.42
HDFC Large and Mid Cap FundHDFC Asset Management Company Limited52.28
Nippon India Vision FundNippon Life India Asset Management Limited50.10
JM Large Cap FundJM Financial Asset Management Private Limited48.49
HDFC ELSS Tax saverHDFC Asset Management Company Limited48.35
Templeton India Value FundFranklin Templeton Asset Management (India) Private Limited48.28

Who Should Invest In Top Oldest Mutual Funds In India?

Investors seeking stability and a proven track record should consider investing in the oldest mutual funds in India. These funds often have a long history of managing assets through various market cycles, making them suitable for conservative investors looking for reliable management and consistent performance.

How To Invest in the Oldest Mutual Funds In India?

To invest in the oldest mutual funds in India, start by researching their historical performance and management quality. Open a brokerage or mutual fund account, choose the specific fund based on your investment goals, and allocate the desired amount to begin your investment journey in these time-tested funds.

Performance Metrics Of Oldest Mutual Funds In India

The performance metrics of the oldest mutual funds in India often emphasize long-term growth and stability. Historical performance data, including average annual returns and benchmark comparisons, provide insight into how these funds have managed investor capital over decades.

Key metrics like Sharpe ratio, alpha, and beta are also crucial for these funds. They help investors understand the risk-adjusted returns, the manager’s skill in generating excess returns, and the fund’s volatility in comparison to the broader market, respectively. These indicators aid in evaluating overall fund health and management efficacy.

Benefits of Investing in Oldest Mutual Funds In India

The main benefits of investing in the oldest mutual funds in India include established track records, experienced management, and proven resilience in diverse market conditions.

  • Established Track Record: These funds have histories spanning decades, providing evidence of their ability to manage investments effectively over various economic cycles.
  • Experienced Management: Fund managers typically possess extensive experience and have honed their strategies over time, contributing to the fund’s ability to offer stable returns.
  • Proven Resilience: Their long-standing presence in the market demonstrates their capability to withstand economic downturns and market volatility better than newer funds.
  • Diversification: Older funds have had more time to diversify their portfolios across a broad range of assets, which can help mitigate risks and stabilize returns.
  • Investor Trust: Due to their longevity and consistent performance, these funds have built a solid reputation, earning the trust of a large number of investors, which often leads to better capital inflow and financial stability.

Challenges Of Investing In Oldest Mutual Funds In India

The main challenges of investing in the oldest mutual funds in India include potential complacency in management, less adaptability to new market trends, and sometimes lower returns compared to newer, more aggressive funds.

  • Complacency in Management: Being established for many years, some funds may become complacent, sticking to traditional investment strategies that may not always capture new growth opportunities as effectively as newer funds.
  • Adaptability to Market Trends: Older funds might be slower to adapt to rapidly changing market trends or technological advancements in trading and analysis, which can affect performance.
  • Lower Returns: Due to their conservative approach, these funds might offer lower returns compared to newer funds that employ more aggressive or innovative strategies in booming market segments.
  • Higher Costs: Long-established funds can sometimes have higher expense ratios due to embedded operational practices and a larger infrastructure, impacting net returns for investors.
  • Over-Diversification: While diversification reduces risk, excessive diversification in older funds can dilute potential returns, limiting gains even when some portfolio segments perform exceptionally well.

Introduction to List Of Oldest Mutual Funds In India

Oldest Mutual Funds In India – AUM, NAV and Minimum SIP

HDFC Flexi Cap Fund

HDFC Flexi Cap Direct Plan-Growth is an Equity Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999.

The HDFC Flexi Cap Fund, categorized as a Flexi Cap Fund, manages assets worth ₹49656.92 crore. Over the past 5 years, it has achieved a Compound Annual Growth Rate (CAGR) of 20.65%. With an exit load of 1% and an expense ratio of 0.78, it falls under the SEBI risk category of ‘Very High’. The fund primarily allocates 95.73% of its assets to equities, with a minimal portion of 0.19% allocated to debt, and the remaining 4.09% allocated to other assets.

UTI Flexi Cap Fund

UTI Flexi Cap Fund Direct Growth is an Equity Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was made available to investors on 14 Nov 2002.

The UTI Flexi Cap Fund, categorized as a Flexi Cap Fund, manages assets totaling ₹24,503.54 Crore, with a 5-year Compound Annual Growth Rate (CAGR) of 14.63%. Investors should be aware of a 1% exit load and an expense ratio of 0.90%. Moreover, it falls under the SEBI risk category of Very High, indicating elevated risk levels. The allocation of assets in this fund stands at 95.7% in equity, 0.2% in debt, and 4.1% in other investment categories.

Nippon India Growth Fund

Nippon India Growth Fund Direct Growth is an Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995

The Nippon India Growth Fund, classified as a Mid Cap Fund, manages assets worth ₹24,480.78 Crore. Over the past five years, it has achieved a commendable Compound Annual Growth Rate (CAGR) of 26.10%. Investors considering this fund should note the presence of a 1% exit load and an expense ratio of 0.81%. Additionally, it falls into the SEBI risk category of Very High, indicating a higher level of risk associated with investment. This fund’s asset allocation consists of 99.4% in equity, with no allocation to debt, and 0.6% in other types of investments.

Oldest Mutual Funds In India – Expense ratio

Quant Small Cap Fund

Quant Small Cap Fund Direct Plan-Growth is an Equity Mutual Fund Scheme launched by Quant Mutual Fund. This scheme was made available to investors on 15 Apr 1996.

The Quant Small Cap Fund operates within the Small Cap Fund category, managing assets totaling ₹17,193.09 Crore. Over the last five years, it has demonstrated a remarkable Compound Annual Growth Rate (CAGR) of 39.83%. Investors should be aware of a 1% exit load and an expense ratio of 0.70%. Moreover, it falls under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment option. The distribution of assets in this fund includes 95.7% allocated to equity, 1.5% to debt, and 2.8% to other investment categories.

Tata Large & Mid Cap Fund

Tata Large & Mid Cap Fund Direct Plan Growth is an Equity Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was made available to investors on 30 June 1995. 

Tata Large & Mid Cap Fund operates within the Large & Mid-Cap Fund category, managing assets worth ₹6,821.91 Crore. Over the past five years, it has demonstrated a Compound Annual Growth Rate (CAGR) of 19.79%. Investors should be mindful of a 1% exit load and an expense ratio of 0.73%. Additionally, this fund falls under the SEBI risk category of Very High, signifying a significant level of risk associated with this investment opportunity. The fund’s asset distribution comprises 94.4% equity, with no allocation to debt, and 5.6% in other investment categories.

Tata Ethical Fund

Tata Ethical Direct Plan-Growth is an Equity Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was made available to investors on 30 June 1995

Tata Ethical Fund, classified as a Thematic Fund, manages assets totaling ₹2,370.48 Crore. Over the last five years, it has exhibited a Compound Annual Growth Rate (CAGR) of 19.70%. Investors should note a modest exit load of 0.5% and an expense ratio of 0.76%. Furthermore, this fund falls under the SEBI risk category of Very High, indicating a considerable level of risk associated with this investment option. This fund’s asset distribution is 96.4% in equity, with no portion allocated to debt, and 3.6% in other investment categories.

List Of Oldest Mutual Funds In India – Highest 3Y CAGR

Nippon India Growth Fund

Nippon India Growth Fund Direct Growth is an Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 June 1995.

Nippon India Growth Fund operates within the Mid Cap Fund category, managing assets totaling ₹24,480.78 Crore. Over the past five years, it has demonstrated a Compound Annual Growth Rate (CAGR) of 26.10%. Investors should be aware of a 1% exit load and an expense ratio of 0.81%. Additionally, this fund falls under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment opportunity. This fund’s asset allocation consists of 99.4% in equity, with no allocation to debt, and 0.6% in other types of investments.

Templeton India Value Fund

Templeton India Value Fund Direct Plan Growth is an Equity Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made available to investors on 19 Feb 1996.

Templeton India Value Fund, categorized as a Value Fund, manages assets totaling ₹1,800.03 Crore. Over the past five years, it has shown a Compound Annual Growth Rate (CAGR) of 21.90%. Investors should note a 1% exit load and an expense ratio of 0.95%. Furthermore, this fund is classified under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment option. The fund’s allocation includes 92.5% in equity, with no debt allocation, and 7.5% in other investment categories.

HDFC Large and Mid Cap Fund

HDFC Large and Mid Cap Fund Direct-Growth is an Equity Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999.

HDFC Large and Mid Cap Fund operates within the Large & Mid-Cap Fund category, managing assets totaling ₹17,313.86 Crore. Over the past five years, it has demonstrated a Compound Annual Growth Rate (CAGR) of 22.18%. Investors should be aware of a 1% exit load and an expense ratio of 0.82%. Additionally, this fund falls under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment option. This fund’s asset allocation comprises 97.24% equity, with no allocation to debt, and 2.76% in other types of investments.

Oldest Equity Mutual Fund In India – Exit load

HDFC ELSS Tax saver

HDFC ELSS Tax Saver Direct Plan-Growth is an Equity Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999.

HDFC ELSS Tax Saver, categorized as an Equity Linked Savings Scheme (ELSS), manages assets totaling ₹13,990.29 Crore. Over the past five years, it has shown a Compound Annual Growth Rate (CAGR) of 18.84%. This fund does not have any exit load. However, investors should note an expense ratio of 1.14%. Furthermore, it falls under the SEBI risk category of Very High, indicating a considerable level of risk associated with this investment option. The distribution of assets in this fund includes 92.7% in equity, 0.4% in debt, and 7.0% in other investment categories.

Sundaram ELSS Tax Saver Fund

Sundaram ELSS Tax Saver Fund Direct is an Equity Mutual Fund Scheme launched by Sundaram Mutual Fund. This scheme was made available to investors on 26 Feb 1996.

Sundaram ELSS Tax Saver Fund, categorized as an Equity Linked Savings Scheme (ELSS), manages assets totaling ₹1,244.39 Crore. Over the past five years, it has shown a Compound Annual Growth Rate (CAGR) of 17.57%. This fund does not have any exit load. However, investors should note an expense ratio of 1.66%. Furthermore, it falls under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment option. This fund’s asset allocation comprises 94.6% in equity, 2.8% in debt, and 2.6% in other types of investments.

SBI Large & Midcap Fund

SBI Large & Midcap Fund Direct Plan-Growth is an Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 June 1987.

SBI Large & Midcap Fund operates within the Large & Mid-Cap Fund category, managing assets totaling ₹21,270.03 Crore. Over the past five years, it has demonstrated a Compound Annual Growth Rate (CAGR) of 19.90%. Investors should note a nominal exit load of 0.1% and an expense ratio of 0.77%. Additionally, this fund falls under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment option. This fund’s distribution includes 95.2% allocated to equity, with no allocation to debt, and 4.8% in other investment categories.

Top List Of Oldest Mutual Funds In India – Absolute 1-Year Return

Tata Mid Cap Growth Fund

Tata Midcap Growth Direct Plan Growth is an Equity Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was made available to investors on 30 June 1995.

Tata Mid Cap Growth Fund, categorized as a Mid Cap Fund, manages assets totaling ₹3,348.40 Crore. Over the past five years, it has demonstrated a Compound Annual Growth Rate (CAGR) of 24.23%. Investors should be aware of a 1% exit load and an expense ratio of 0.79%. Additionally, this fund falls under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment option. This fund’s asset distribution consists of 97.8% in equity, with no allocation to debt, and 2.2% in other investment categories.

Franklin India Prima Fund

Franklin India Prima Direct Fund Growth is an Equity Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made available to investors on 19 Feb 1996.

Franklin India Prima Fund operates within the Mid Cap Fund category, managing assets totaling ₹10,108.06 Crore. Over the past five years, it has demonstrated a Compound Annual Growth Rate (CAGR) of 19.83%. Investors should be aware of a 1% exit load and an expense ratio of 1.03%. Additionally, this fund falls under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment option. This fund’s asset allocation comprises 97.3% equity, with no allocation to debt, and 2.7% in other investment categories.

ICICI Pru Multicap Fund

ICICI Prudential Multicap Fund Direct Plan-Growth is an Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993.

ICICI Pru Multicap Fund operates within the Multi Cap Fund category, managing assets totaling ₹11,342.34 Crore. Over the past five years, it has demonstrated a Compound Annual Growth Rate (CAGR) of 19.93%. Investors should note a 1% exit load and an expense ratio of 0.89%. Furthermore, this fund falls under the SEBI risk category of Very High, indicating a significant level of risk associated with this investment option. The fund’s asset distribution includes 92.7% allocated to equity, 0.9% to debt, and 6.3% to other investment categories.

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Oldest Mutual Funds In India – FAQ

1. Which are the Best Oldest Mutual Funds In India?

Best Oldest Mutual Funds In India # 1: HDFC Flexi Cap Fund
Best Oldest Mutual Funds In India # 2: UTI Flexi Cap Fund
Best Oldest Mutual Funds In India # 3: Nippon India Growth Fund
Best Oldest Mutual Funds In India # 4: SBI Large & Midcap Fund
Best Oldest Mutual Funds In India # 5: HDFC Large and Mid Cap Fund

These funds are listed based on the Highest AUM.

2. What are the Top Oldest Mutual Funds In India?

Based on 1yr return, the Top Oldest Mutual Funds In India include the Quant Small Cap Fund, Nippon India Growth Fund, Tata Mid Cap Growth Fund, Franklin India Prima Fund, and ICICI Pru Multicap Fund.

3. Can I Invest In The Oldest Mutual Funds In India?

Yes, you can invest in the oldest mutual funds in India. These funds offer stability and a long track record, making them a reliable choice for many investors.

4. Is It Good To Invest In Oldest Mutual Funds In India?

Investing in the oldest mutual funds in India can be beneficial due to their proven track record, experienced management, and resilience through various market conditions.

5. How To Invest in the Oldest Mutual Funds In India?

To invest in the oldest mutual funds in India, open an investment account with a brokerage, research the historical performance of these funds, choose one that aligns with your goals, and allocate your funds accordingly.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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