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Lowest NAV Mutual Funds: Definition, Benefits, Risks

India’s mutual fund industry has expanded significantly, with total assets under management reaching about ₹73.73 lakh cr. as of March 2026. Within this growing universe, some investors look for the lowest-NAV mutual funds, assuming they are cheaper or offer greater upside. However, NAV reflects only the per-unit value of a fund, not its return potential. Understanding how NAV works is important before comparing such funds.

Top Lowest NAV Mutual Funds in 2026

Lowest NAV Mutual Funds Screener (2026)

Here's the list of Lowest NAV Mutual Funds in India (2026)

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Showing 1 - 20 of 311 results

last updated at 11:00 PM IST 
NameMFs (311)↓↓Sub CategorySub Category↓↓PlanPlan↓↓AUMAUM↓↓Expense RatioExpense Ratio↓↓NAVNAV↓↓Exit LoadExit Load↓↓Absolute Returns - 1YAbsolute Ret. - 1Y↓↓AlphaAlpha↓↓VolatilityVolatility↓↓Tracking ErrorTracking Error↓↓Absolute Returns - 6MAbsolute Ret. - 6M↓↓Absolute Returns - 3MAbsolute Ret. - 3M↓
1.SBI Innovative Opportunities Fund
SBI Innovative Opportunities Fund
Thematic Fund
Thematic Fund
Growth
Growth
4,987.51
4,987.51
0.96
0.96
9.57
9.57
1.00
1.00
8.62
8.62
0.82
0.82
14.56
14.56
7.58
7.58
-3.56
-3.56
1.96
1.96
2.Franklin India Multi Cap Fund
Franklin India Multi Cap Fund
Multi Cap Fund
Multi Cap Fund
Growth
Growth
4,273.12
4,273.12
0.50
0.50
10.69
10.69
1.00
1.00
11.01
11.01
1.48
1.48
15.04
15.04
3.25
3.25
-0.54
-0.54
0.58
0.58
3.Abakkus Flexi Cap Fund
Abakkus Flexi Cap Fund
Flexi Cap Fund
Flexi Cap Fund
Growth
Growth
3,901.19
3,901.19
0.49
0.49
10.48
10.48
1.00
1.00
-
-
15.31
15.31
18.79
18.79
6.46
6.46
-
-
4.96
4.96
4.Magnum Hybrid Long Short Fund
Magnum Hybrid Long Short Fund
Balanced Hybrid Fund
Balanced Hybrid Fund
Growth
Growth
3,461.98
3,461.98
0.46
0.46
10.28
10.28
0.50
0.50
-
-
2.19
2.19
3.69
3.69
12.04
12.04
-
-
0.75
0.75
5.Altiva Hybrid Long-Short Fund
Altiva Hybrid Long-Short Fund
Balanced Hybrid Fund
Balanced Hybrid Fund
Growth
Growth
3,216.06
3,216.06
0.68
0.68
10.61
10.61
0.50
0.50
-
-
4.45
4.45
3.70
3.70
12.25
12.25
-
-
2.64
2.64
6.SBI Quant Fund
SBI Quant Fund
Thematic Fund
Thematic Fund
Growth
Growth
3,146.21
3,146.21
1.05
1.05
9.99
9.99
0.50
0.50
7.41
7.41
0.85
0.85
14.79
14.79
4.94
4.94
0.76
0.76
-5.62
-5.62
7.JioBlackRock Flexi Cap Fund
JioBlackRock Flexi Cap Fund
Flexi Cap Fund
Flexi Cap Fund
Growth
Growth
3,030.82
3,030.82
0.50
0.50
9.87
9.87
-
-
-
-
0.94
0.94
16.58
16.58
2.37
2.37
-2.26
-2.26
-3.12
-3.12
8.ICICI Pru Equity Minimum Variance Fund
ICICI Pru Equity Minimum Variance Fund
Thematic Fund
Thematic Fund
Growth
Growth
2,919.84
2,919.84
0.85
0.85
10.72
10.72
1.00
1.00
4.28
4.28
1.74
1.74
11.92
11.92
3.05
3.05
-1.02
-1.02
-3.68
-3.68
9.Axis Consumption Fund
Axis Consumption Fund
Sectoral Fund - Consumption
Sectoral Fund - Consumption
Growth
Growth
2,639.45
2,639.45
0.66
0.66
9.27
9.27
1.00
1.00
1.98
1.98
-0.56
-0.56
13.71
13.71
2.44
2.44
-5.41
-5.41
-2.11
-2.11
10.HDFC Innovation Fund
HDFC Innovation Fund
Thematic Fund
Thematic Fund
Growth
Growth
2,355.83
2,355.83
0.78
0.78
10.60
10.60
1.00
1.00
-
-
3.97
3.97
14.79
14.79
5.73
5.73
2.21
2.21
5.83
5.83
11.HDFC Diversified Equity All Cap Active FOF
HDFC Diversified Equity All Cap Active FOF
FoFs (Domestic) - Equity Oriented
FoFs (Domestic) - Equity Oriented
Growth
Growth
2,311.30
2,311.30
0.30
0.30
9.94
9.94
1.00
1.00
-
-
-0.73
-0.73
14.29
14.29
2.42
2.42
-2.68
-2.68
-2.76
-2.76
12.SBI Quality Fund
SBI Quality Fund
Thematic Fund
Thematic Fund
Growth
Growth
2,306.43
2,306.43
0.98
0.98
10.19
10.19
1.00
1.00
-
-
5.46
5.46
18.32
18.32
5.53
5.53
-
-
-
-
13.SBI Dynamic Asset Allocation Active FoF
SBI Dynamic Asset Allocation Active FoF
FoFs (Domestic) - Hybrid
FoFs (Domestic) - Hybrid
Growth
Growth
2,206.17
2,206.17
0.27
0.27
10.11
10.11
1.00
1.00
-
-
-0.52
-0.52
7.82
7.82
6.84
6.84
0.02
0.02
-0.66
-0.66
14.ICICI Pru Quality Fund
ICICI Pru Quality Fund
Thematic Fund
Thematic Fund
Growth
Growth
2,169.93
2,169.93
0.93
0.93
10.34
10.34
1.00
1.00
-
-
1.29
1.29
11.03
11.03
5.01
5.01
-0.67
-0.67
-0.96
-0.96
15.HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Index Funds - Debt Oriented
Index Funds - Debt Oriented
Growth
Growth
2,162.50
2,162.50
0.12
0.12
10.70
10.70
-
-
6.94
6.94
1.06
1.06
0.36
0.36
0.44
0.44
3.37
3.37
1.89
1.89
16.Aditya Birla SL Quant Fund
Aditya Birla SL Quant Fund
Thematic Fund
Thematic Fund
Growth
Growth
2,027.06
2,027.06
0.68
0.68
10.29
10.29
0.50
0.50
13.08
13.08
3.54
3.54
15.24
15.24
4.58
4.58
2.80
2.80
-1.15
-1.15
17.UTI Multi Cap Fund
UTI Multi Cap Fund
Multi Cap Fund
Multi Cap Fund
Growth
Growth
1,930.96
1,930.96
0.67
0.67
10.39
10.39
1.00
1.00
-
-
0.77
0.77
12.29
12.29
3.59
3.59
-1.57
-1.57
-1.45
-1.45
18.ICICI Pru Active Momentum Fund
ICICI Pru Active Momentum Fund
Thematic Fund
Thematic Fund
Growth
Growth
1,917.99
1,917.99
1.06
1.06
10.89
10.89
1.00
1.00
-
-
4.61
4.61
12.54
12.54
4.36
4.36
5.42
5.42
2.16
2.16
19.Bajaj Finserv Small Cap Fund
Bajaj Finserv Small Cap Fund
Small Cap Fund
Small Cap Fund
Growth
Growth
1,902.77
1,902.77
0.55
0.55
10.36
10.36
1.00
1.00
-
-
4.10
4.10
17.02
17.02
9.65
9.65
5.84
5.84
9.25
9.25
20.SBI Income Plus Arbitrage Active FOF
SBI Income Plus Arbitrage Active FOF
FoFs (Domestic) - Hybrid
FoFs (Domestic) - Hybrid
Growth
Growth
1,822.80
1,822.80
0.11
0.11
10.54
10.54
-
-
5.42
5.42
0.58
0.58
0.67
0.67
1.78
1.78
2.31
2.31
1.22
1.22
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Disclaimer: Please note that the above table is for informational 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.

Selection criteria: NAV: Low, Plan: Growth, AUM: Sorted from highest to lowest

What is the NAV of a Mutual Fund?

The NAV of a mutual fund is its Net Asset Value, or the per-unit price of the fund. It is calculated by taking the total value of the fund’s assets minus liabilities and dividing that by the total number of outstanding units. In simple terms, NAV tells you the value of one unit of a mutual fund on a given day. It is usually updated at the end of each market day. A higher or lower NAV does not by itself mean a fund is better or worse.

What are Lowest NAV Mutual Funds?

Lowest NAV mutual funds are mutual fund schemes with a low Net Asset Value per unit compared with other funds in the market. NAV is the per-unit price of a mutual fund, calculated by dividing the fund’s total net assets by the number of outstanding units. A low NAV does not mean a fund is cheaper or a better investment. It only shows the per-unit value at that point in time. A fund with a low NAV and a fund with a high NAV can deliver similar percentage returns if their portfolios perform similarly. In simple terms, the lowest NAV mutual funds are just those with a low unit price, not necessarily those with higher return potential.

Overview of the Top Lowest NAV Mutual Funds

SBI Innovative Opportunities Fund

SBI Innovative Opportunities Fund is a thematic equity scheme that invests in companies linked to innovation-driven businesses and emerging opportunities. Returns depend on sector trends, market sentiment, valuations, and the fund’s ability to identify businesses benefiting from new-age or evolving growth themes.

Franklin India Multi Cap Fund

Franklin India Multi Cap Fund invests across large-cap, mid-cap, and small-cap stocks to build a diversified equity portfolio. It offers exposure to multiple market segments, with returns shaped by asset allocation, stock selection, market conditions, and the fund’s strategy across company sizes.

ICICI Pru Equity Minimum Variance Fund

ICICI Pru Equity Minimum Variance Fund follows a strategy to reduce portfolio volatility in equities. It focuses on building a relatively low-volatility portfolio, with performance influenced by stock selection, market movements, and the effectiveness of the minimum-variance approach in managing equity risk.

Aditya Birla SL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund

This debt index fund tracks a short-duration financial services debt index with maturities between three and six months. It offers exposure to short-term debt instruments, with returns influenced by interest rates, credit quality, and the fund’s tracking efficiency against the benchmark.

Magnum Hybrid Long Short Fund

Magnum Hybrid Long Short Fund combines long-short equity positions with debt investments to manage volatility. It aims to balance return potential with risk control, with performance depending on hedging efficiency, equity strategy execution, debt allocation, and overall market conditions.

How to Invest in Lowest NAV Mutual Funds?

Here’s how you can identify and invest in the Lowest NAV mutual funds with Tickertape Mutual Fund Screener -

  1. Launch Tickertape Mutual Fund Screener.
  2. Choose ‘NAV’ in the filter and set it to ‘Low’
  3. Sort out the best Lowest NAV mutual funds based on over 50 fundamental and technical filters.
  4. After identifying the Lowest NAV mutual funds in India that align with your investment thesis, click on “Place Order” to invest in the fund.

With Tickertape Mutual Fund Screener, you can invest via ‘lumpsum’ or start a ‘SIP’ in Lowest NAV Mutual Funds. Moreover, by connecting your portfolio, you can perform a deep analysis and assess its performance.

Taxation of Lowest NAV Mutual Funds

Capital gains tax depends on how long the units are held. The table below summarises the applicable rates for lowest nav mutual funds.

Mutual Fund Type Type of Gain Holding Period Tax Rate
Equity Mutual Funds Short-Term Capital Gains (STCG) 12 months or less 20%
Equity Mutual Funds Long-Term Capital Gains (LTCG) More than 12 months 12.5% on gains above ₹1.25 lakh
Debt Mutual Funds Short-Term Capital Gains (STCG) 36 months or less As per income tax slab
Debt Mutual Funds Long-Term Capital Gains (LTCG) More than 36 months 12.5% without indexation
Gold/Silver Mutual Funds Short-Term Capital Gains (STCG) Less than 24 months As per income tax slab
Gold/Silver Mutual Funds Long-Term Capital Gains (LTCG) More than 24 months 12.5% without indexation

Benefits of Investing in Lowest NAV Mutual Funds

Lower Ticket Per Unit

A low NAV means the per-unit price is lower, so the same investment amount buys more units. However, this is only a unit-count difference and does not make the fund inherently cheaper or better. AMFI states that NAV is irrelevant as a measure of whether a fund is “cheap” because it reflects only the market value of the fund's underlying investments per unit.

Easy to Understand for New Investors

Many investors find low-NAV funds easier to relate to because the unit price looks smaller. But this is a behavioural comfort point, not an investment advantage. AMFI’s investor education material makes it clear that returns depend on the movement of underlying securities, not on whether the NAV starts low or high.

Wide Product Access

India’s mutual fund industry has expanded sharply, with industry AUM at ₹73.73 lakh cr. as of 31st March 2026 and average AUM at ₹79.46 lakh cr. for March 2026. That scale means investors have a large universe of schemes to compare, including funds that may currently show a lower NAV.

Simple SIP Entry

Investors can start with small amounts regardless of NAV, and SIP participation remains strong. AMFI data show SIP contributions of ₹32,087 cr. in March 2026, underscoring that mutual funds are accessible through small, periodic investments and are not dependent on a low NAV.

Risks of Investing in Lowest NAV Mutual Funds

Low NAV is Not Value

The biggest risk is assuming that a low NAV means the fund has more upside. AMFI explicitly says this is a misconception. A fund’s return potential depends on its portfolio, strategy, costs, and market performance, not on a low unit price.

Can Lead to Wrong Comparisons

Comparing funds only on NAV can distract from more important factors such as portfolio quality, expense ratio, risk, benchmark, and consistency. Two funds with very different NAVs can generate similar percentage returns if their underlying holdings perform similarly. This follows directly from AMFI’s explanation of how NAV works.

Normal Market Risk Still Applies

A low-NAV fund is still exposed to the same market, credit, liquidity, or concentration risks as any other fund in its category. SEBI and scheme documents note that mutual fund investments are subject to market risks, and the value of investments can go up or down.

Newer-Fund Confusion

Some new fund offers launch at a face value such as ₹10 per unit, which can make them look inexpensive. But a lower starting NAV or face value does not indicate superior return potential. Scheme documents indicate that NFO units may be issued at face value, while subsequent redemptions occur at NAV-based prices.

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Factors to Consider Before Investing in Lowest NAV Mutual Funds

Fund Category

Mutual funds can belong to different categories, such as equity, debt, hybrid, index, or sectoral. This category has a much greater influence on the fund’s risk and return profile than its NAV. AMFI’s investor material also explains that units are bought at the prevailing NAV, while returns depend on the underlying investments.

Portfolio Quality

The fund's actual holdings remain more important than the NAV level. A low-NAV fund does not automatically indicate better value, just as a high-NAV fund does not make a fund expensive. NAV reflects only the per-unit value of the scheme and does not, on its own, indicate portfolio strength.

Expense Ratio and Tracking

Costs directly impact net returns over time. For index funds and ETFs, the tracking difference is also relevant, as it reflects how closely the fund tracks its benchmark. These factors affect investor outcomes more directly than the NAV level itself.

Fund Age and Performance Consistency

Some low-NAV funds may be relatively new, while others may reflect weaker past performance. Long-term track record, drawdowns, and performance consistency generally provide more context than per-unit price alone. Scheme documents and AMFI’s investor education material also place greater emphasis on evaluating the scheme rather than focusing only on NAV.

Investment Goal

The suitability of a mutual fund is linked to the investor’s time horizon, risk appetite, and financial objective. NAV alone does not determine whether a fund is appropriate for a particular goal, as that depends more on the scheme's strategy and overall fit within the portfolio.

Conclusion

Lowest NAV mutual funds are often misunderstood as being more affordable or having higher return potential, but NAV is only a unit price and does not indicate value. Fund performance depends on portfolio quality, strategy, and market conditions. To compare mutual funds based on meaningful factors such as returns, risk, expense ratio, and portfolio composition, investors can use the Tickertape Mutual Fund Screener, which offers multiple filters to analyse and compare schemes effectively.

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Frequently Asked Questions About Lowest NAV Mutual Funds

  1. What is the meaning of mutual funds with low NAV?

    Mutual funds with low NAV are schemes whose Net Asset Value per unit is lower than that of other funds. NAV is simply the per-unit price of a mutual fund. A low NAV does not mean the fund is cheaper, better, or more likely to generate higher returns. How to invest faq

  2. What are 52-week low NAV mutual funds?

    52-week low NAV mutual funds are schemes whose Net Asset Value is near the lowest level seen in the past 52 weeks. This only reflects the fund’s per-unit price relative to its recent history. It does not mean the fund is cheaper, better, or more likely to deliver higher returns.

  3. Which mutual fund has the lowest NAV?

    The following are the best mutual funds with the lowest NAV with good 1Y returns:
    1. LIC MF Manufacturing Fund
    2. Baroda BNP Paribas Manufacturing Fund
    3. Mahindra Manulife Manufacturing Fund
    4. Kotak NIFTY Midcap 50 Index Fund
    5. Helios Large & Mid Cap Fund
    Disclaimer: This low nav mutual funds list is for educational purposes only and does not constitute investment advice or a recommendation.

  4. Is a mutual fund with a low NAV better?

    A low NAV does not make a mutual fund better. Fund quality depends on factors such as portfolio holdings, fund strategy, expense ratio, consistency, and risk, not just the unit price. Two funds with different NAVs can still deliver similar percentage returns. Disclaimer:This is for educational purposes only and not a recommendation. Investors should not judge a fund solely by its NAV; they should assess suitability based on their financial goals, risk appetite, and investment horizon.

  5. How to choose Low NAV Mutual Funds before investing?

    Investors should look beyond NAV and evaluate the fund category, portfolio quality, expense ratio, consistency of past performance, risk measures, and investment objective. The Tickertape Mutual Fund Screener can help compare mutual funds using filters such as returns, risk, expense ratio, AUM, and portfolio details. Disclaimer: This is for educational purposes only and not a recommendation. A low NAV does not make a mutual fund better or cheaper; investors should assess a fund's suitability based on their financial goals, risk appetite, and investment horizon.

  6. Why should you invest in Low NAV Mutual Funds?

    A low NAV by itself is not a reason to invest in a mutual fund. The real reason to consider any fund should be its strategy, portfolio, and fit with your financial goals, rather than its unit price. Disclaimer: This is for educational purposes only and not a recommendation. Investment decisions should not be based only on the low mutual fund NAV today. Investors should carefully review the fund’s fundamentals and suitability before investing.

  7. What are the advantages of investing in Low NAV Mutual Funds?

    A low NAV means the same investment amount buys more units, which some investors may find easier to understand. However, this is mainly a unit-count difference and not a return advantage. The actual benefit depends on the fund's quality, not on whether the NAV is low.

  8. What are the risks of investing in Low NAV Mutual Funds?

    The main risk is assuming that a low NAV means better value or higher upside. This can lead to poor fund selection if investors ignore more important factors such as portfolio quality, costs, and risk. A low-NAV fund can still underperform if its underlying investments do not perform well.

  9. Who should look to invest in Low NAV Mutual Funds?

    There is no separate investor category that should invest only in low NAV mutual funds. Investors should choose funds based on their goals, risk profile, and time horizon rather than the NAV level. Disclaimer: This is for educational purposes only and not a recommendation. A low NAV alone should not drive investment decisions. Investors should evaluate the fund’s overall suitability and consult a financial advisor if needed.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment or financial advice.