Net Asset Value (NAV) is the basic of every mutual fund scheme. It is a basic unit to count one’s investment in a mutual fund. Your total corpus in a mutual fund scheme is counted by the number of NAVs you hold multiplied by the NAV price at the share market close on that particular day. If the price of the NAV rises, your wealth in a mutual fund increases, if it falls, your wealth decreases. The NAV price at the time of the launch of a mutual fund scheme is kept at Rs 10. The older the fund gets, the higher the price of NAV becomes. However, the price of a NAV mainly depends on the fund’s growth over a particular period of time.

At present, there are eight mutual fund schemes whose NAV price exceeds Rs 1,000.

The top NAVs are from Nippon India Growth Fund (at Rs 3430.940 direct plan, Rs 3,166.006 regular), HDFC Flexi Cap Fund (Rs 1715.957 direct, Rs 1583.405 regular), Franklin India Flexi Cap Fund (Rs 1511.705 direct, Rs 1371.972 regular), Franklin India ELSS Tax Saver Fund (Rs 1370.712 direct, Rs 1242.276 regular), HDFC ELSS Tax Saver (Rs 1226.715 direct), Nippon India Vision Fund (Rs 1179.445 direct), HDFC ELSS Tax Saver Fund (Rs 1145.283), and Sundaram Mid Cap Fund (Rs 1078.0346).

Here, we take you through the details of the funds with the costliest NAVs and what one would have if they had invested Rs 10,000 at the time of the launch of each of these schemes.      
 
Nippon India Growth Fund 

Started on October 8, 1995, Nippon India Growth Fund is one of the oldest private sector growth funds in India.

Its CAGR since its launch is 20.36 per cent.

The fund’s regular plan has an NAV of Rs 3,166.006, while its direct plan’s NAV is worth Rs 3,430.9396.

The mid-cap fund has assets under management (AUM) of Rs 24480.78 crore and an expense ratio of 0.88 per cent.

The fund’s 98.64 per cent investments are in domestic equities, of which 50.45 per cent are in mid caps.

A Rs 10,000 investment in October 1995 in this fund has grown to Rs 3,166,005. 

HDFC Flexi Cap Fund 

The flexi cap fund launched on January 1, 1995, has given a CAGR 18.91 per cent since its inception.

The fund’s NAV is Rs 1583.405, while its direct plan’s NAV is worth Rs 1715.957.

While its AUM stands at Rs 49,659.2 crore, the fund’s expense ratio is 1.51 per cent.

An investment of Rs 10,000 in the fund on its launch date in 1995 has grown to Rs 1,583,405.00    

Franklin India Flexi Cap Fund 

The fund was launched on September 29, 1994, and has had a CAGR of 18.16 per cent in nearly three decades.

The NAV for its regular plan is Rs 1371.972, while its direct plan NAV is Rs 1511.705.

The fund’s AUM is Rs 14470.61, and its expense ratio is 1.75 per cent.

A Rs 10,000 investment in the fund in September 1994 has grown to Rs 1,371,971.60.

Franklin India ELSS Tax Saver Fund

The ELSS fund was started on April 10, 1999, and has a CAGR of 21.31 per cent since its inception.

The NAV for its regular plan is Rs 1242.2761, while the direct plan has an NAV of Rs 1370.712.

The fund’s AUM as of date stands at Rs 6144.32 crore.

The fund has an expense ratio of 1.83 per cent. Its 97.01 per cent investments are in domestic equities with 65.23 per cent of them in large caps.

A Rs 10,000 investment in the fund at the time of its launch in April 1999 has grown to Rs 1,242,276.10.

Nippon India Vision Fund

Another fund from Nippon India Mutual Fund was launched on October 8, 1995.

The fund has had a CAGR of 18.24 per cent ever since.

The fund’s NAV is 1226.715, while its AUM is Rs 13820.09 crore.

The fund’s expense ratio is 1.14 per cent. It has 98.22 per cent of its investments in domestic equities with the largest chunk of them in large caps.

An investment of Rs 10,000 in the fund at the time of its inception in 1995 has grown to Rs 1,179,444.80.

HDFC ELSS Tax Saver

This fund from HDFC Mutual Fund was launched on April 2, 1996.

The fund has a CAGR of 18.46 per cent.

The ELLS fund’s NAV stands at Rs 1145.283, while its direct plan NAV is Rs 1226.715.

The fund’s AUM is Rs 13820.09 crore, while its expense ratio is 1.74 per cent.

The fund’s 93.19 per cent investments are in domestic equities with the largest of them in large caps at 65.38 per cent.

Had one invested Rs 10,000 in the fund on its launch date in 1996, they would have got richer by Rs 1145283.00 on the current date.     

Sundaram Mid Cap Fund 

The fund that was launched on July 19, 2002, has a CAGR of 24.09 per cent.

The fund has NAV of Rs 1078.0346, while its AUM is Rs 10262.08 crore.

The fund’s expense ratio stands at 1.78 per cent.

The fund has 95.6 per cent of its investments in domestic equities, with the largest of them being in mid caps at 52.58 per cent.

A Rs 10,000 investment has grown to Rs 1078034.60 since the inception of the fund.

 

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