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.
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.
Here are some of the oldest and must trusted funds in India:
Fund Name | Category | Date of Inception |
SBI Magnum Equity ESG Fund | Equity: Thematic – ESG | 1/1/91 |
Tata Large & Mid Cap Fund | Equity: Large & MidCap | 31/3/03 |
UTI Master Share Unit Scheme – IDCW | Equity: Large Cap | 15/10/86 |
SBI Large & Mid Cap Fund (D) | Equity: Large & MidCap | 31/3/97 |
Franklin India Prima Fund (G) | Equity: Mid-Cap | 1/12/93 |
Franklin India Bluechip Fund (G) | Equity: Large Cap | 1/12/93 |
UTI Flexi Cap Fund-IDCW | Equity: Flexi Cap | 30/6/92 |
Here’s a brief overview of the oldest surviving mutual funds:
There is a country in Europe that is world-famous for its beautiful and colorful flowers.…
Uttar Pradesh is a state known for its rich culture, traditions and unique cities. Many…
Veteran BJP leader and former Union Minister Dr. Debendra Pradhan passed away on Monday in…
There is a city in the United States that is known for its fast growth,…
In a significant step towards strengthening healthcare infrastructure, the Delhi government will sign a Memorandum…
In a significant step toward strengthening India's air defence capabilities, Bharat Electronics Limited (BEL) has…