The Indian mutual fund industry has more than 1,100 equity schemes, but only three funds have managed to cross the milestone of Rs 1 lakh crore in assets under management (AUM). Interestingly, two of these belong to SBI Mutual Fund, while the third is the hugely popular Parag Parikh Flexi Cap Fund. The size of these funds shows just how much trust investors have placed in them over the years.
1. SBI Nifty 50 ETF
AUM: Rs 2,12,191 crore
Fund snapshot
Launched: July 2015
Type: ETF tracking Nifty 50 TRI
Expense ratio: Extremely low at 0.04%
Return since launch: 12.5%
What it offers: A simple, low-cost way to invest in India’s top 50 companies
Performance
1-year: 7.52%
3-year: 12.80%
5-year: 15.91%
10-year: 13.99%
The fund reflects the steady growth of India’s large-cap space and remains a convenient option for long-term, passive investors.
2. Parag Parikh Flexi Cap Fund — The only actively managed fund in the top 3
AUM: Rs 1,25,800 crore
Fund snapshot
Launched: May 2013
Type: Actively managed flexi-cap fund
Expense ratio: 0.63%
Return since launch: 19.65%
What it offers: Long-term investing with a focus on quality companies in India and abroad
Performance
1-year: 8.56%
3-year: 21.44%
5-year: 21.53%
10-year: 18.21%
This fund stands out for its consistent long-term results. Its disciplined, buy-and-hold approach has helped it outperform its benchmark and most peers over the years.
3. SBI BSE Sensex ETF
AUM: Rs 1,23,001 crore
Fund snapshot
Launched: March 2013
Type: ETF tracking BSE Sensex TRI
Expense ratio: 0.04%
Return since launch: 14.06%
What it offers: Exposure to India’s top 30 blue-chip companies in a cost-efficient manner
Performance
1-year: 6.47%
3-year: 11.91%
5-year: 15.07%
10-year: 13.94%
Its stable performance mirrors the long-term growth of Sensex companies, making it suitable for investors seeking low-cost, large-cap exposure.
What these 3 mega funds tell us
These three schemes — SBI Nifty 50 ETF, Parag Parikh Flexi Cap Fund, and SBI BSE Sensex ETF — are not just the biggest equity funds in the country; they also represent the two sides of equity investing:
SBI ETFs show how passive investing can deliver reliable, market-linked returns at very low cost.
Parag Parikh Flexi Cap proves that active management, when done well, can generate superior long-term compounding.
Over 10 years, both SBI ETFs have delivered around 14% CAGR, roughly in line with their indices. But Parag Parikh Flexi Cap has delivered over 18% CAGR, highlighting the strength of its strategy.
Summing up…
The fact that only three funds out of 1,100+ have crossed Rs 1 lakh crore AUM says a lot about investor confidence. Together, they offer a mix of cost-efficient index investing and high-quality active fund management, showing that both approaches can help investors build long-term wealth when followed with discipline.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.