SIP in Mutual Fund: People can also invest in the stock market indirectly through mutual funds. At the same time, there are many such big funds in mutual funds, which have made their investors earn crores. Such mutual funds are growing even today.
Best Mutual Fund: People give a lot of importance to mutual funds for investing. Through Mutual Fund, people can also invest in the stock market indirectly. At the same time, there are many such big funds in mutual funds, which have made their investors earn crores. Such mutual funds are growing even today. Today we are going to talk about one such fund, which has made its investors rich in the long term.
This is the fund
We are talking about Franklin India Prima Fund. This fund has given excellent returns to its investors. For investors who want to invest money for at least 3-4 years and are looking for high returns, this can prove to be a useful fund for them. However, these investors should also be prepared for the possibility of minor losses in their investments.
Investing in mid-cap companies
Franklin India Prima Fund primarily focuses on investing in mid-cap companies, which exhibit higher growth rates as compared to well-established large-sized companies. The objective is to identify companies in the early stages of the business life cycle as they have the most potential for growth. The fund has consistently given dividend to its investors every year for the last 20 years.
Three years return
If we talk about the performance of this fund, then the fund has given a return of 13.36 in the last year. In such a situation, if SIP of 10 thousand months is made the base, then Rs 1.2 lakh would have increased to Rs 1.28 lakh. On the other hand, if seen in the last three years, the investment of Rs 3.6 lakh would have become Rs 4.92 lakh. At the same time, in these three years, the annual return of 21.39 percent has been given by the fund.
10 year return
On the other hand, if we look at five years, then the fund has given an annual return of 15.56 percent. During this, if SIP of Rs 10,000 per month is made the base, then in five years the investment of Rs 6 lakh would have been Rs 8.85 lakh. With this, the fund has given an annual return of 15.59 in the last 10 years. In this case, the investment of 12 lakhs would have been Rs 27.15 lakhs.
Crores of investment
Please tell that this fund was established in 1993. If the performance of the fund is seen since inception, then the fund has given an annual return of 20.06 per cent to the investors. In such a situation, if a monthly SIP of Rs 10,000 is made the basis, then the investment of Rs 34.70 lakh would have become Rs 13 crore today.