List of the Top Highest NAV Mutual Fund
Net Asset Value (NAV) is an essential measure used to determine the per-unit value of a fund’s assets. NAV represents the market value of a mutual fund’s total assets minus its liabilities, divided by the number of outstanding units. It helps investors understand the value of a single unit of the fund at a given time and indicates a fund’s performance in terms of asset value. This article will cover some of the highest NAV mutual funds and how they have performed in the past, along with some benefits and risks associated with investing in these funds.
| Name | AUM | NAV(₹ per unit.) | CAGR 5Y(%) | CAGR 3Y(%) | Expense Ratio(%) | Volatility(%) |
|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 115040.08 | 93.73 | 23.58 | 21.16 | 0.63 | 9.52 |
| HDFC Balanced Advantage Fund | 101079.6 | 564.19 | 24.25 | 19.5 | 0.74 | 8.56 |
| HDFC Mid Cap Fund | 83104.83 | 217.03 | 29.29 | 26.01 | 0.74 | 15.25 |
| HDFC Flexi Cap Fund | 81935.61 | 2229.83 | 29.09 | 23.59 | 0.72 | 11.42 |
| SBI Equity Hybrid Fund | 77255.73 | 335.82 | 17.15 | 14.45 | 0.73 | 9.34 |
| Kotak Arbitrage Fund | 72273.57 | 40.52 | 6.49 | 7.82 | 0.44 | 0.87 |
| ICICI Pru Large Cap Fund | 71839.85 | 123.06 | 22.24 | 19.42 | 0.86 | 12.21 |
| SBI Liquid Fund | 68443.37 | 4173.28 | 5.67 | 7.04 | 0.21 | 0.1 |
| ICICI Pru Balanced Advantage Fund | 65710.61 | 84.42 | 15.17 | 14.17 | 0.86 | 6.22 |
| Nippon India Small Cap Fund | 64821.04 | 192.49 | 32.51 | 24.08 | 0.64 | 17.8 |
Disclaimer: Please note that the above list of highest NAV in mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.
Note: The data on the highest NAV funds list is from 15th June 2026. This data is derived from the Tickertape Mutual Funds Screener.
- Plan: Growth
- NAV CAGR: Sorted from Highest to Lowest
- AUM: Set to High
Pro Tip: You can use Tickertape’s Mutual Fund Screener to research the highest NAV in mutual funds with over 50+ pre-loaded filters and parameters.
Overview of Mutual Fund With Highest NAV
Parag Parikh Flexi Cap Fund
Launched in 2013, Parag Parikh Flexi Cap Fund invests in large, mid, and small-cap stocks. It holds companies across multiple sectors in India’s equity market and adjusts its portfolio according to market conditions.
HDFC Balanced Advantage Fund
Founded in 2007, HDFC Balanced Advantage Fund invests in equity and debt securities. The fund adjusts its asset allocation based on market conditions to maintain a balance between different types of investments.
HDFC Mid Cap Fund
HDFC Mid Cap Fund, established in 2007, invests primarily in mid-sized companies across various sectors. It focuses on companies with growth potential in the mid-cap segment.
HDFC Flexi Cap Fund
Launched in 2008, HDFC Flexi Cap Fund invests across large, mid, and small-cap stocks. It diversifies its portfolio across multiple market segments and sectors.
SBI Equity Hybrid Fund
Founded in 2004, SBI Equity Hybrid Fund invests in a combination of equity and debt instruments. The fund maintains a mix of growth-oriented and fixed-income assets.
Kotak Arbitrage Fund
Kotak Arbitrage Fund, started in 2004, invests in equity and related derivatives. It allocates capital to take advantage of differences between cash and futures market prices.
ICICI Pru Large Cap Fund
ICICI Pru Large Cap Fund, established in 1999, invests in large-cap companies across various sectors. It holds companies with substantial market capitalisation in India’s equity market.
SBI Liquid Fund
Launched in 2006, SBI Liquid Fund invests in short-term debt instruments and money market securities. It focuses on highly liquid instruments for short-term investments.
ICICI Pru Balanced Advantage Fund
ICICI Pru Balanced Advantage Fund, founded in 2010, invests in both equity and debt instruments. It adjusts allocations based on market conditions to maintain a balance across different asset classes.
Nippon India Small Cap Fund
Nippon India Small Cap Fund, established in 2005, invests primarily in small-cap companies across various sectors. It focuses on companies in the early stages of growth in emerging industries.
What is a Mutual Fund with Highest NAV?
The Net Asset Value (NAV) is the price of one unit of the mutual fund, calculated by dividing the fund’s total assets (minus liabilities) by the number of outstanding units.
For example, imagine investing in a mutual fund with 1,000 units. The total value of all the assets in the fund (stocks, bonds, etc.) is ₹10,000. However, if the fund also has ₹1,000 in liabilities (expenses or debts), the fund’s net value is ₹9,000. Therefore, the NAV would be ₹9 per unit (₹9,000 ÷ 1,000 units). So, a mutual fund with the highest NAV means the value of each unit is higher than that of others.
Taxation on Mutual Funds with Highest NAV
Below, we break down the tax implications for different types of mutual funds.
Taxation on Equity Mutual Funds
| Capital Gains | Holding Period | New Tax Rate (2024) |
| Short-Term Capital Gains (STCG) | Less than 12 months | 20% |
| Long-Term Capital Gains (LTCG) | More than 12 months | 12.5% (above ₹1.25 lakh) |
Taxation on Hybrid Mutual Funds
| Type of Fund | Short-Term Capital Gains (STCG) | Long-Term Capital Gains (LTCG) | Indexation Benefit |
| Equity-Oriented Hybrid Funds | 20% for holdings less than 1 year | 12.5% for holdings over 1 year, with gains up to ₹1.25 lakh tax-free | Not available |
| Debt-Oriented Hybrid Funds | Taxed as per income tax slab for holdings less than 3 years | 12.5% for holdings over 3 years | Not available |
How to Invest in the Mutual Fund With Highest NAV?
You can easily start to invest in the mutual fund with highest NAV by following these steps:
- To invest in the mutual funds having highest NAV, you can visit an equity investment platform such as smallcase
- The next step is to research and identify the MF with highest NAV that matches your Investment thesis. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode, either a one-time lump sum or a SIP plan, and complete the process.
Benefits of Investing in Mutual Funds with the Highest NAV
- Longer Performance History: A high NAV often indicates that a fund has been running for many years and has accumulated gains over time. This can help investors review longer-term performance across different market cycles.
- Compounding Visibility: Funds with high NAVs may reflect compounding over several years. However, NAV level alone does not show whether the fund will continue to perform well.
- Established Fund Track Record: Many high-NAV schemes are older funds with longer performance histories. This gives investors more data to assess past returns, risk measures, fund management style and consistency.
- Category Comparison: High-NAV funds can be compared with other schemes in the same category using returns, expense ratio, benchmark performance and portfolio quality. India’s mutual fund AUM stood at ₹81.58 lakh cr as of May 2026, showing the depth of available fund data.
- SIP and Long-Term Investing Context: SIP contributions totalled ₹30,954 cr in May 2026, indicating continued investor participation through regular investing. A high NAV does not prevent SIP investing, as units are allotted based on the investment amount and the prevailing NAV.
Risks of Investing in Mutual Funds with the Highest NAV
- High NAV Does Not Mean Better Returns: A fund with a high NAV is not automatically better than a low-NAV fund. Returns depend on portfolio performance, not the absolute NAV level.
- Overlooking Fund Category Risk: A high-NAV equity fund, debt fund or hybrid fund will carry different risks. Investors may misread NAV as a safety indicator, even though scheme category matters more.
- Market Risk: High-NAV equity funds can still fall during market corrections. In May 2026, equity mutual fund inflows dropped 40% month-on-month to ₹22,908 cr amid market volatility.
- Valuation and Portfolio Risk: Older funds may hold stocks or sectors that have already appreciated significantly. If valuations are correct, the fund’s NAV can decline despite its long track record.
- Past Performance Bias: A high NAV usually reflects past gains, but past performance does not guarantee future returns. Investors should review rolling returns, risk ratios, portfolio holdings, and benchmark comparisons instead of relying solely on NAV.
Factors to Consider When Investing in Mutual Funds with the Highest NAV
- Fund Category: NAV should be compared within the same category, as equity, debt, hybrid, and index funds follow different investment structures.
- Past Performance: A high NAV may indicate past growth, but it does not indicate how the fund may perform in the future.
- Portfolio Quality: Portfolio holdings, sector exposure, credit quality, and concentration collectively drive the fund’s NAV movement.
- Expense Ratio: Expense ratio is the annual fund management cost and can affect the scheme’s net returns over time.
- Risk Metrics: Volatility, drawdowns, beta and Sharpe ratio show how much risk the fund has taken historically.
- Investment Horizon: The suitable holding period depends on the fund’s asset allocation, category and expected short-term volatility.
- AUM and Liquidity: Fund size and liquidity can affect how efficiently the scheme manages inflows, redemptions and portfolio changes.
- Tax Treatment: Taxation depends on the fund category and holding period, not on whether the NAV is high or low.
To Wrap It Up
Mutual funds with the highest NAV can be appealing as they show strong past performance. However, it’s important to remember that a high NAV does not guarantee future returns. Factors such as fund performance, management expertise, market conditions, and diversification all play crucial roles in determining the fund’s ability to grow over time. That’s why it’s essential to do your own research and consider all these factors before making any investment decisions.
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Frequently Asked Questions on Mutual Funds with Highest NAV
A high NAV indicates the current price per unit of the mutual fund. The highest NAV mutual fund may have reached that level due to past portfolio growth, reinvested earnings or market movement.
A high NAV only shows that the fund’s per-unit value has grown over time. What is a good NAV for a mutual fund depends on fund category, returns, risk profile and portfolio quality.
Disclaimer: A high NAV does not indicate better fund quality or future performance. Investors should review returns, risk, portfolio and costs before investing.
The highest NAV in mutual fund means each unit costs more, but it doesn’t necessarily make the fund “expensive.” The amount you invest depends on how many units you buy, not just the NAV.
Disclaimer: NAV only shows the per-unit value of a fund. It should not be used alone to assess whether a mutual fund is costly or suitable.
You can use a mutual fund screener platform, such as the Tickertape Mutual Fund Screener, to filter and compare funds by NAV, returns, risk and category. This can help identify the highest NAV mutual fund in India based on available data.
Disclaimer: This is for informational purposes only and should not be considered as investment advice.
NAV is influenced by the market value of the securities held by the fund, such as stocks, bonds and other assets. Movements in the mutual fund market today can affect daily NAV changes.
Disclaimer: NAV changes are market-linked and depend on the value of underlying securities. Daily NAV movement does not guarantee future returns.
There is no single investor type for high-NAV funds. Investors exploring the highest NAV mutual fund may review fund category, risk level, portfolio holdings and goals before investing.
Disclaimer: This information is for educational purposes only and is not investment advice. Fund selection should depend on individual goals, risk profile and investment horizon.
A high-NAV mutual fund is one where the per-unit NAV has reached a high level relative to its past values. The highest NAV mutual fund in India can change based on daily NAV updates.
NAV is calculated by subtracting the fund’s total liabilities from its total assets, then dividing the result by the total number of outstanding units.
Formula: NAV = (Total Assets – Total Liabilities) / Total Outstanding Units
For example, if a fund has assets worth ₹100 cr, liabilities of ₹2 cr and 10 cr units, its NAV will be ₹9.80.
