Franklin Prima Fund was launched in December 1993. Since its launch, the scheme has given returns of about 20 per cent per annum. According to experts, this fund has been chosen because its investment history has been very long.
Mutual Fund is that means of investment in which the money of many people is invested in the same fund. Today we are going to tell you about the fund which has made people millionaires in 25 years. The name of this fund is Franklin India Prima Fund and people have been investing money in this fund since the year 1990s. Know what is so special about this fund that people are investing in it.
Started in December 1993
Franklin Prima Fund was launched in December 1993. Since its launch, the scheme has given returns of about 20 per cent per annum. According to experts, this fund has been chosen because its investment history has been very long. At the same time, it is also worth noting that it is not important who became a millionaire, but the special thing is how people have invested what amount.
In the year 1993, when the era of liberalism started in the country, new schemes like mutual funds started coming. Franklin Prima Fund has an investment history of 27 years. In such a situation, those who started SIP of 1000 rupees with this fund in the year 1994, then kept investing 1000 rupees in all the months of every year. Those who had invested with 1000 rupees, today that amount has increased to 1 crore 21 lakh rupees.
Up to 40 percent increase
By 31 August 2021, this amount had increased to 40 percent. In such a situation, people have become millionaires today by investing in the fund every month. If you want to start investing with this fund today, then you should invest every month. According to experts, even today, even if people invest up to Rs 2500 or even Rs 5000, then investors will benefit in the coming time. It is not that your money will increase every time. Sometimes there is a decline but there is also an increase in it. Even after this, experts advise that people should keep investing every moment. One should never back down from investing.
SIP is an easy way to save
In today’s era, the interest on small savings schemes like PPF or FD has come down very little, which has reduced their attractiveness. At the same time, the way inflation is increasing, all your goals cannot be fulfilled by saving through them. In such a situation, mutual funds can be a good option. Systematic Investment Plan (SIP) is a safe mode of investment for regular investments in mutual funds, with the facility of investing money on a monthly basis.
