Kolkata: Mutual funds have become a much-preferred investment instrument for the investing masses of India. SIP (Systematic Investment Plan) inflows are rising almost continuously every month for a few years now since millions are reposing their trust on mutual funds to make inflation-beating gains. It is possible for mutual funds to make hefty gains, especially in the long-term, since it allows the fund to harness the immense power of compounding.
Franklin India Flexicap Fund is the oldest flexicap fund in India. It was launched on September 29, 1994, when the economic reforms were just inaugurated in the country and the capital market controller was relaxing norms of investment in the equity market which mutual funds were lapping up. Sensex was then ion the region of 4,500. Let’s have a closer look at what returns have India’s oldest flexicap fund generated.
Franklin India Flexicap Fund features
As on June 4 the NAV of Franklin India Flexicap Fund stood at Rs 1621.4722. The size of the fund was Rs 18224.57 crore and the expense ratio at 1.72%. According to reports, the fund has 95.7% investment in domestic equities of which 56.91% is in large cap stocks, 10.31% is in mid cap stocks and 6.4% is in small cap stocks. Franklin India Flexicap Fund also has 0.14% investment in debt.
Returns of SIP
The annualised returns generated by Franklin India Flexicap Fund in SIPs over the past 10 years can be summarised in the following manner:
- One year: 7.33%
- Two years: 16.51%
- Three years: 19.95%
- Five years: 20.75%
- Ten years: 16.75%
As on June 4, an SIP of Rs 1,000 that began five years ago have turned into Rs 100513.44 while the same SIP begun 10 years ago have turned into Rs 289102.33.
Lump sum returns
The annualised returns on lump sum investment recorded by Franklin India Flexicap Fund stood thus:
- One year: 14.80%
- Two years: 25.01%
- Three years: 21.42%
- Five years: 26.87%
- Ten years: 14.08%
- Since inception (Sept 29, 1994): 18.03%
What the last returns signify is that Rs 1 lakh invested in the scheme on the first day would have ballooned to Rs 1.62 crore.
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Flexicap funds are in focus in times of turbulence. The inbuilt flexibility of these funds allow a fund managers the maneuverability to switch investments around according to market trends. Check what returns India’s oldest flexicap fund have generated. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
