UTI Master Share Fund was the first mutual fund in India launched in October 1984. Did you know there are a dozen mutual fund schemes nearing or over 30? India’s 5 oldest mutual funds 30+ year old and short, medium and long term performance.
How We Filtered India’s Oldest Mutual Funds?
To filter this data, we took source data from Valueresearch and Moneycontrol. Since the term was over 10 years and there were no direct plans, only regular mutual fund plans were considered.
Considered a mutual fund over the age of 30. There are only 5 mutual funds with maturities ranging from 30 years 2 months to 36 years 6 months. Means that these mutual funds were started before April 1993.
List of 5 oldest mutual funds in India – launched over 30 years ago
#1 – UTI Mastershare Fund – Launched 36 years and 6 months ago
#2 – SBI Magnum Equity ESG Fund – – Launched 32 years and 4 months ago
#3 – UTI Flexicap Fund – Launched 30 years and 11 months ago
#4 – UTI Core Equity Fund – Launched 30 years and 2 months ago
#5 – SBI Large and Mid Cap Fund – Launched 30 years and 2 months ago
5 Oldest Mutual Funds in India Launched 30 Years Ago – Detailed View
Let’s take a closer look at these funds, where they invested and how they performed over the medium to long term.
#1 – UTI Mastershare Fund
This is a large cap mutual fund.
The scheme seeks to generate long-term capital appreciation by investing primarily in shares and equity-related securities of large companies.
It is the first mutual fund in India launched on 18th October 1986.
The fund has generated an annual return of 17% since its launch.
The mutual fund is currently 89% invested in large caps, 10% in mid/small caps and 1% in small caps.Partial investment good large mutual fund Consistently reward investors with consistent returns.
The expense ratio for direct plans is 0.95% and for term plans is 1.71%.
The fund has consistently delivered SIP returns of 12% to 12.7% over the past 5, 10, 15 and 20 years.
The Fund’s Annual Returns and SIP Returns are as follows: All these details provided are for the regular plan, as the direct plan was created only 10 years ago.
| UTI Mastershare Fund | 3 years | 5 years | 10 years | 15 years | 20 years | Inception |
|---|---|---|---|---|---|---|
| annual return | twenty one% | Ten% | 13% | 13% | 13% | 17% |
| SIP return | Ten% | 12% | 12% | 12% | 13% | NAMore |
#2 – SBI Magnum Equity ESG Fund
It is a theme fund with ESG as the theme.
The scheme aims to provide investors with long-term capital growth opportunities by actively managing investments in a diverse basket of companies in accordance with Environmental, Social and Governance (ESG) criteria. is.
this is 2nd It is the oldest mutual fund in India, launched on 1st January 1991. The original name of the fund was SBI Magnum Equity Fund and later he was renamed to SBI Magnum Equity ESG Fund.
The fund has generated an annual return of 14.6% since its inception.
The mutual fund is currently 82% invested in large caps, 18% in mid/small caps, and the rest in small caps.
The expense ratio for direct plans is 1.34% and for term plans is 1.96%.
The fund has consistently generated 12% to 14% SIP returns over the last 5, 10, 15 and 20 years (typical plan).We have recommended this fund several times in our Best Theme Mutual Fund previous article.
Click here for the annual rate return and SIP return of the fund (regular plan).
| SBI Magnum Eqt ESG | 3 years | 5 years | 10 years | 15 years | 20 years | Inception |
|---|---|---|---|---|---|---|
| annual return | twenty one% | 11% | 13% | 13% | 13% | 15% |
| SIP return | 11% | 12% | 12% | 12% | 14% | NAMore |
#3 – UTI Flexicap Fund
This is a flexicap mutual fund.
The primary objective of the scheme is to generate long-term capital appreciation by investing in company shares and equity-related securities in a flexible manner, primarily across market capitalization ranges.
this is 3rd An Indian mutual fund launched on May 18, 1992. The fund was renamed from Multicap to Flexicap a few years ago based on his SEBI guidelines.
The fund has generated an annualized return of 12.3% since its launch.
The mutual fund is currently invested 68% in large caps, 29% in mid/small caps, and the remainder in small caps.
The expense ratio for direct plans is 0.89% and for term plans is 1.6%.
The fund has consistently generated 11% to 14% SIP returns over the last 5, 10, 15 and 20 years (typical plan).this is always in us Top Recommended List of FlexiCap Mutual Funds I post it on my blog every year.
The Fund’s Annual Returns and SIP Returns are as follows:
| UTI Flexi Cap Fund | 3 years | 5 years | 10 years | 15 years | 20 years | Inception |
|---|---|---|---|---|---|---|
| annual return | 20% | Ten% | 14% | 14% | 14% | 12% |
| SIP return | 6% | 11% | 12% | 13% | 14% | NAMore |
#4 – UTI Core Equity Fund
This is a large and medium sized mutual fund.
The scheme seeks to generate long-term capital appreciation primarily by investing in shares and equity-related securities of large and mid-cap companies.
this is 4th It is the oldest mutual fund in India, launched on 16th February 1993. The fund was renamed from Multicap to Flexicap a few years ago based on his SEBI guidelines.
The fund has generated an annualized return of 12.3% since its launch.
The mutual fund currently invests 50% in large caps, 45% in mid/small caps, and the remainder in small caps.
The expense ratio for direct plans is 1.65% and for term plans is 2.17%.
The fund has consistently delivered 12% to 15% SIP returns over the last 5, 10, 15 and 20 years (typical plan).
The Fund’s Annual Returns and SIP Returns are as follows:
| UTI Core Equity Fund | 3 years | 5 years | 10 years | 15 years | 20 years | Inception |
|---|---|---|---|---|---|---|
| annual return | 29% | Ten% | 13% | 13% | 13% | 13% |
| SIP return | 17% | 15% | 13% | 12% | 12% | NAMore |
#5 – SBI Large and Mid Cap Fund
Even this is a large, mid-sized mutual fund. The scheme aims to provide investors with long-term capital appreciation opportunities by investing in a diversified portfolio consisting primarily of large and mid-cap companies.
this is 5th An Indian mutual fund launched on 28th February 1993.
The fund has generated an annualized return of 14.5% since its inception.
The mutual fund currently invests 40% in large caps, 42% in mid/small caps, and the remainder in small caps.
The direct plan expense ratio is 0.99% and the term plan is 1.79%.
The fund has consistently generated 15% to 17% SIP returns over the last 5, 10, 15 and 20 years (typical plan).
The Fund’s Annual Returns and SIP Returns are as follows:
| SBI Large & Mid Cap Fund | 3 years | 5 years | 10 years | 15 years | 20 years | Inception |
|---|---|---|---|---|---|---|
| annual return | 29% | 13% | 17% | 17% | 17% | 15% |
| SIP return | 19% | 17% | 15% | 15% | 17% | NAMore |
Did you like our tips and analysis? Then share it on Facebook, Twitter, Telegram and other social media so your friends might find it useful too.
Suresh KP is the founder of Myinvestmentideas. He is his NISM Certified – Investment Advisor and NISM Certified – Research Analyst. He has been analyzing financial markets for the past 20 years.
