small investors Mutual funds have become very popular among the people. Investors who have saved Rs 1000 are also making a big fund by investing in mutual funds through SIP. The art of getting higher returns from FD, PPF and other small saving schemes has increased the popularity of mutual funds. Today we are telling you about 3 such mutual fund schemes which have helped in transforming investors from lakhpati to crorepati.
Franklin India Prime Fund
One name among the mutual fund schemes that transform millionaires from millionaires is Franklin India Prima Fund. This midcap fund has completed almost 30 years. This MF scheme was launched in December 1993. Let us tell you that if an investor had invested Rs 1 lakh at the time of launch of the scheme, then currently the value of his investment is Rs 2.31 crore. Thus, this scheme has given a CAGR return of 19.59% in 30 years.
SBI Long Term Equity Fund
SBI Long Term Equity Fund is the oldest scheme in the ELSS category. It was launched in February 1993. If an investor had made a lump sum investment of Rs 1 lakh in this ELSS scheme at the time of launch, his investment currently stands at Rs 1.21 crore. This scheme has given returns of CAGR of 16.68% in the last 30 years.
Franklin India Bluechip Fund
Franklin India Bluechip Fund has also helped in turning millionaire investors into millionaires. This is a large cap fund. It was started in 1993. If an investor had made a lump sum investment of Rs 1 lakh at the time of launch of the scheme, then its value has now increased to Rs 2.13 crore. This scheme has given a CAGR return of 19.28% in 30 years.
Latest Business News