8 equity mutual funds have NAV of Rs 1,000. How have they performed?

A higher Net Asset Value or NAV means better performance or longevity for many investors. The logic behind such an assumption is that the scheme must have made investments that have done well. ETMutualFunds looked at NAV of equity mutual funds and found that eight schemes have NAVs of over Rs 1,000. The big question is how have these schemes fared?

These eight equity schemes with over Rs 1,000 NAV have been in the market for more than 25 years. The exception was Aditya Birla Sun Life Flexi Cap Fund (Earlier known as Aditya Birla Sun Life Equity Fund). The scheme has completed around 24.83 years. All these schemes have offered double-digit returns of more than 15% since their inception.

The schemes were from different categories such as aggressive hybrid, ELSS, flexi cap, large cap, mid cap fund category. Three flexi cap funds, two mid cap funds, a large cap, aggressive hybrid and an ELSS fund had NAVs of more than Rs 1,000.

HDFC TaxSaver Fund has the highest NAV and has offered the highest return since inception. The next scheme with high NAV was Nippon India Growth Fund. The scheme offered 21.91% return. The other schemes with high NAV were Franklin India Bluechip Fund and Franklin India Prima Fund. The scheme that offered high returns was Aditya Birla Sun Life Flexi Cap Fund. The scheme offered 21.29% return since inception. Franklin India Bluechip Fund and Franklin India Prima Fund have offered lower returns than Aditya Birla Sun Life Flexi Cap Fund.

Among these eight equity schemes, Franklin India Flexi Cap Fund that had the lowest NAV of Rs 1,062.53 was at the last in the return chart. The scheme offered 17.63%.

Here is a look at the individual performances. Aditya Birla Sun Life Flexi Cap Fund (Earlier known as Aditya Birla Sun Life Equity Fund) has completed around 24 years and it has offered 19.77% return since inception. HDFC Tax Saver Fund and Nippon India Growth Fund have completed around 27 years. HDFC Tax Saver Fund and Nippon India Growth Fund have offered 23.20% and 22% returns respectively. Aditya Birla Sun Life Equity Hybrid ’95 Fund (Earlier known as Aditya Birla Sun Life Balanced ’95 Fund), HDFC Flexi Cap Fund, and Franklin India Flexi Cap Fund have completed around 28 years. Aditya Birla Sun Life Equity Hybrid ’95 Fund, HDFC Flexi Cap Fund (Earlier known as HDFC Equity Fund), and Franklin India Flexi Cap Fund (Earlier known as Franklin India Equity Fund) have offered 18.45%, 19.22%, and 18.59% returns respectively. Franklin India Bluechip Fund and Franklin India Prima Fund have completed 29 years of existence in the market. Franklin India Bluechip Fund and Franklin India Prima Fund offered 17.64% and 17.49% returns respectively.These schemes have undergone many changes and their benchmarks have also changed over time. So it is not possible to compare their performance with their benchmarks.