INDIA'S TOP 10 OLDEST MUTUAL FUND

 1. UTI Mastershare

Inception date: 15-Oct-1986

The first equity-diversified fund of the Indian mutual fund industry, UTI Mastershare, was initially a closed-ended fund. It was later converted into an open-ended fund in 2003. The fund had a rich track record of paying dividends, bonus issues and rights issues. Currently, it is categorised under large-cap funds.

2. SBI Magnum Equity ESG Fund

Inception date: 01-Jan-1991

Launched as Magnum Multiplier Scheme ‘90, the equity-oriented fund got its name changed to Magnum Equity Fund when it was converted as an open-ended fund in 1997. During the re-categorization exercise in 2018, the fund house changed the fund’s attribute and the name to SBI Magnum Equity ESG Fund.

3. LIC MF Aggressive Hybrid Fund

Inception date: 01-Jan-1991

Formerly known as LIC Balanced fund, LIC MF Aggressive Hybrid Fund has been managed with a balanced portfolio of equity and debt since inception. Currently, it is categorised under the Aggressive Hybrid Fund category.

4. UTI Flexi Cap Fund

Inception date: 18-May-1992

Launched as UTI Mastergain '91, the fund was later renamed UTI Equity in 2005, following which it was renamed again as UTI Flexi Cap Fund in 2021 when the market regulator introduced flexicap and multi-cap categories.

5. Canara Robeco Equity Hybrid Fund

Inception date: 01-Feb-1993

Formerly called GIC Balanced, Canara Robeco Equity Hybrid Fund has been one of the better-performing funds since its launch. Currently, it is part of the Aggressive Hybrid Fund category.

6. Tata Large & Mid Cap Fund

Inception date: 25-Feb-1993

It was launched as Ind Sagar and later renamed as Tata Large & Mid Cap Fund. As per the current strategy, it invests about 35 percent each in large and midcap stocks.

7. SBI Large & Midcap Fund

Inception date: 28-Feb-1993

Earlier known as SBI Magnum Multiplier Plus, SBI Large & Midcap Fund invests about 35 percent each in large and midcap stocks.

8. Canara Robeco Equity Tax Saver Fund

Inception date: 31-Mar-1993

Previously called Can Equity Taxsaver, Canara Robeco Equity Tax Saver Fund has been an above-average performer in most of the period since launched.

9. SBI Long-Term Equity Fund

Inception date: 31-Mar-1993

Earlier known as Magnum Taxgain Scheme 93, SBI Long Term Equity Fund was once managed with a midcap heavy portfolio. It has been a long-term wealth creator while proving the tax benefit.

10. Franklin India Bluechip Fund

Inception date: 01-Dec-1993

The fund was launched as Kothari Pioneer Bluechip fund and renamed later as Franklin India Bluechip fund.