Categories: General Studies

List of Oldest Surviving Mutual Funds in India

Mutual funds have played an important role in India’s financial journey by offering small investors a safe and convenient way to invest in the market. Over the decades, several mutual funds have stood the test of time, proving their stability, reliability, and consistent performance. These oldest surviving funds highlight the growth of India’s investment culture and continue to attract investors who seek long-term wealth creation with trust and credibility.

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:

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

Overview of the Oldest Surviving Mutual Funds

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

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.
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.
Tata Large & Mid Cap Fund: Launched on 31st January 2003, this fund primarily deals with large and mid-cap stocks in the equity market.
SBI Large & Mid Cap Fund: This fund invests in large and mid-cap stocks and has been operational since 31st March 1997.
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.
Franklin India Bluechip Fund: Launched on 1st December 1996, it mainly invests in large-cap stocks, offering a reliable option for conservative investors.
UTI Flexi Cap Fund – IDCW: This fund, started on 18th May 1992, offer flexibility in investing across large, mid and small-cap stocks.

Akansha Arora

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