Oldest Mutual Funds In India

What are the Oldest Mutual Funds in India

While talking about the oldest mutual funds in India, the discussion encompasses those particular mutual fund companies that have been in operation in the market for the longest period. These mutual fund houses were among the pioneers in the Indian mutual fund industry and entertained a rich history dating back several decades. 

List of the Oldest surviving mutual funds in India

Overview of the Oldest surviving mutual funds in India

UTI Master Share Unit Scheme – IDCW

UTI Master Share Unit Scheme is one of the oldest mutual funds, established on 15th October 1986, and entertains a current AUM of  ₹11,306.39 crore.

SBI Magnum Equity ESG Fund

Established on 1st January 1991, the scheme offers investors the opportunity to ensure long-term growth in capital through active investment management across a diversified portfolio abiding by ESG (Environmental, Social, and Governance) criteria.

Tata Large & Mid Cap Fund

As the name suggests, Tata Large & Mid Cap Fund deals with large and mid-cap stocks and was established back on 31st January 2003.

SBI Large & Mid Cap Fund

Being on the list of one of the oldest mutual funds, it too deals with large and mid-cap stocks. The portfolio includes major investments in domestic equities.

Franklin India Prima Fund

The existence of the fund in the market has been for 29 years and 8 months. It was launched on 30th October 1993 and is a medium-sized fund having an AUM of ₹8,363 Crores as of 30th June 2023.

Franklin India Bluechip Fund

Established on 1st December 1996, Franklin India Bluechip Fund is an equity large-cap fund that invests  73.56% in large-cap and 3.39% in mid-cap stocks.

UTI Flexi Cap Fund – IDCW

UTI Flexi Cap Fund, established on 18th May 1992, is an Equity - Flexi Cap Fund belonging to UTI Mutual Fund. 

Performance List of oldest mutual funds in India:

How to Invest in Mutual Funds in India

If you are interested in starting your investment journey in mutual funds, here’s a step-by-step guide to help you navigate through the entire process:

Step 1: Create an account with your preferred investment platform.

Step 2: Secure a thorough understanding of your investment goals and capability of tolerating risks. 

Step 3: Gather all the required documents that would be necessary for successfully completing the KYC process, such as address proof, identity proof, and other relevant documents.

Step 4: Fill in all the personal details required, including bank and PAN details

Step 5: Transfer money from your bank account to the investment account for completing the entire process of investment. 

Step 6: Select the right mutual fund category according to your investment goals and risk tolerance level.

Step 7: Once you have chosen a particular category of fund, it is now essential to compare and contrast different mutual funds within that category. Consider various factors such as the expertise of the fund manager, the investment objective of the fund, and the expense ratio, among many more.

Step 8: Select a particular investment mode; you can choose among lump sum, quarterly, half-yearly, or monthly investments.

Step 9: Determine the amount you want to invest and complete the procedure.
Once you have successfully placed your order, your purchase history will reflect in your account within a few days.

Conclusion

Thus these oldest mutual funds have been operational since the introduction of mutual funds in India or during the early stages of their inception and entertain a longer track record of the navigation of different market cycles and efficient management of investments. For market analysts and investors, these funds offer a convenient subject for the study of market trends and patterns.