SIP Investment : Many of us should be well aware of the strength of Systematic Investment Planning (SIP) at this point. The fact that a consistent investment of a few thousand rupees, combined with determination, can transform anyone into a millionaire is nothing short of a miracle. Today, we will share information about a fund that converted a monthly SIP of Rs 10,000 into Rs 13.64 crore over 31 years by providing an annual return of 18.5 percent.
Let’s know the details
We are discussing the Franklin India Bluechip Fund. It is among the oldest large-cap mutual fund plans in India. Eighty percent of this fund is allocated to large-cap stocks. On December 5, 2024, this fund’s net asset value was Rs 1016.58. This firm is overseeing assets valued at Rs 7789 crore. Nonetheless, this fund falls into the extremely high risk category. This is why its yearly return is observed to exceed percent.
Has generated a return of exceeding 25%
This fund can invest up to 97% in equity. It possesses 2.95% in cash and related assets. It has spent substantial funds on large-cap firms such as ICICI Bank, Axis Bank, HDFC Bank, Reliance Industries, and Mahindra & Mahindra. The fund has generated a return exceeding 25% in the past year. Its return over 3 years has been 13%, while over 5 years it has exceeded 16%. Specialists argue that making a decision based solely on previous returns is inappropriate.
Seek advice from a financial expert
Just because a fund has provided strong returns previously, it doesn’t guarantee that it will yield substantial profits in the future. Consequently, prior to making any investments, seek advice from a financial advisor and then make your decision.
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