Key Highlights
- UTI Master Share Unit Scheme – IDCW, launched in 1986, remains the oldest active mutual fund in India.
- SBI Magnum Equity ESG Fund, established in 1991, pioneers ESG‑aligned equity investing.
- The list includes a mix of large‑cap, mid‑cap, and flexi‑cap strategies, reflecting the sector’s evolution.
- These funds collectively manage assets exceeding Rs. 20,000 crore, underscoring investor confidence.
- Their longevity demonstrates robust governance and consistent performance over decades.
Detailed Insights
UTI Master Share Unit Scheme – IDCW was launched on 15th October 1986 and currently manages assets worth Rs. 11,306.39 crore. It has consistently delivered stable returns, making it a benchmark for long‑term investors.
SBI Magnum Equity ESG Fund began operations on 1st January 1991. By adhering to Environmental, Social and Governance (ESG) criteria, it offers a diversified portfolio aimed at long‑term capital growth.
Tata Large & Mid Cap Fund was introduced on 31st March 2003, focusing on large and mid‑cap equities. Its disciplined approach has attracted investors seeking balanced exposure.
SBI Large & Mid Cap Fund (D) has been active since 31st March 1997, investing in large and mid‑cap stocks with a focus on growth.
Franklin India Prima Fund started on 30th October 1993, concentrating on mid‑cap stocks and boasting an AUM of Rs. 8,363 crore as of June 2023.
Franklin India Bluechip Fund launched on 1st December 1996, primarily investing in large‑cap stocks, offering a reliable option for conservative investors.
UTI Flexi Cap Fund – IDCW began on 18th May 1992, providing flexibility across large, mid, and small‑cap equities, catering to investors seeking diversified exposure.
Key Concepts
- Mutual Fund: A pooled investment vehicle that aggregates money from many investors to purchase a diversified portfolio of securities.
- Asset Under Management (AUM): The total market value of all securities managed by a fund on behalf of its investors.
- ESG: Environmental, Social, and Governance – a set of criteria used to evaluate a company’s sustainability and ethical impact.
- Large Cap: Companies with a market capitalization typically above Rs. 20,000 crore, considered stable and well‑established.
- Mid Cap: Companies with a market capitalization between Rs. 5,000 crore and Rs. 20,000 crore, offering growth potential with moderate risk.