India’s 5 most high-net asset value equity funds

Each scheme has at least 25 years vintage and sports NAV from Rs 1,500-2,333, and have a CAGR of 20-24%

Staff Writer   /   September 10, 2021

Recently, Nippon India Growth Fund (erstwhile Reliance Growth) reached a personal milestone of Rs 2,000 NAV (net asset value). Apart from this, the fund has over 25 years of inception delivered 200 times return for investors who bought in the new fund offer stage. But, Nippon India Growth is not alone. Here are India’s most high-value equity funds.

HDFC Taxsaver Fund

This is the most priced actively managed fund in the Rolls-Royce MF schemes. Its NAV stands at Rs 2,333. Launched about a quarter of a century ago, HDFC Taxsaver has delivered 23.8 per cent CAGR, a fabulous feat. This compares with 14.5 per cent CAGR recorded by Nifty 500 TRI, its benchmark. The fund is currently managed by Amit Ganatra.

Nippon India Growth Fund

A midcap fund, Nippon India Growth is 2nd in the list with latest NAV of Rs 1,998. In the 25 years it has been around, Nippon India Growth has delivered 22.6 per cent CAGR, which is almost double of the 11.6 per cent CAGR clocked by its benchmark BSE Mid-Cap TRI. The fund is currently managed by Manish Gunwani.

Aditya Birla SL Tax Relief ‘96

The second ELSS or tax-saving scheme in this prestigious list, Aditya Birla SL Tax Relief ‘96 is also 25 years old. It has a NAV of Rs 1992 and given 23.11 per cent return since inception, compared to 11.9 per cent CAGR given by BSE 200 TRI. The fund is currently managed by Ajay Garg.

Franklin India Bluechip Fund

At number 4 and 5 are two funds from the same fund-house: Franklin. The debt fund fiasco may have taken sheen off their funds, but Franklin India Bluechip and Franklin India Prima have been one of the best-performing schemes given their more than 27 year track-records. Franklin Bluechip, a large-cap scheme, has a NAV of Rs 1,672 and has delivered 20.2 per cent CAGR since inception, compared to 18.2 per cent CAGR by benchmark Nifty 100 TRI. The fund is managed by Anand Radhakrishnan and Roshi Jain. 

Franklin India Prima Fund
Launched in 1993, Franklin India Prime is the second midcap fund on the list after Nippon India Growth. Its NAV is Rs 1,511 and the fund in the over 27 years of existence has compounded investor wealth by 19.8 per cent CAGR. This compares well with fund benchmark Nifty Midcap 150 TRI, which has returned 17.2 per cent CAGR in the same period. The fund is managed by Janakiraman Rengaraju and Krishna Prasad Natarajan.

Take a look at the table below to find out the top 10 most high-value equity funds

Scheme NameScheme age in yearsNAVCAGR since inception
HDFC TaxSaver (G)252333.175324
Nippon India Growth Fund (G)261998.760123
Aditya Birla SL Tax Relief ’96251992.191323
Franklin India Bluechip Fund (G)281672.534920
Franklin India Prima Fund (G)281511.077420
Highest NAV Funds

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