List of Oldest Surviving Mutual Funds in India

Mutual Funds, are an important investment option for people who want to grow their money. In India, some mutual funds have been around for many years, helping investors with their wealth-building goals. Let’s take a look at the oldest mutual funds in India and how they have contributed to the Indian investment landscape.

Oldest Mutual Funds in India

When we talk about the oldest mutual funds in India, we refer to the mutual fund schemes that have been operating in the market for a long time. These funds were pioneers in India’s mutual funds industry and have a rich history, making them a solid choice for long-term investors.

List of the Oldest Surviving Mutual Funds in India

Here are some of the oldest and must trusted funds in India:

Overview of the Oldest Surviving Mutual Funds

Here’s a brief overview of the oldest surviving mutual funds:

1. UTI Master Share Unit Scheme -IDCW: Launched on 15th October 1986, it is one of the oldest mutual funds in India. The fund’s current assets under management (AUM) stand at Rs.11,306.39 crore.
2. SBI Magnum Equity ESG Fund: Established on 1st January 1991, this fund follows Environmental, Social and Governance (ESG) criteria. It focuses on long-term capital growth through a diversified portfolio.
3. Tata Large & Mid Cap Fund: Launched on 31st January 2003, this fund primarily deals with large and mid-cap stocks in the equity market.
4. SBI Large & Mid Cap Fund: This fund invests in large and mid-cap stocks and has been operational since 31st March 1997.
5. Franklin India Prima Fund: Established on 30th October 1993, this fund primarily focuses on mid-cap stocks and has an AUM of Rs.8,363 crore as of June 2023.
6. Franklin India Bluechip Fund: Launched on 1st December 1996, it mainly invests in large-cap stocks, offering a reliable option for conservative investors.
7. UTI Flexi Cap Fund – IDCW: This fund, started on 18th May 1992, offer flexibility in investing across large, mid and small-cap stocks.