Mutual funds are becoming increasingly popular in the investment world. Even small investors are now making big funds by investing in mutual funds through SIP starting from ₹1000.
The popularity of mutual funds is increasing due to the higher returns they provide than small savings schemes like FD and PPF.
Today we will tell you about 3 such mutual fund schemes from which investors can earn huge profits.
1. Franklin India Prime Fund:
Franklin India Prima Fund is a name in the mutual fund scheme that transforms millionaires from millionaires.
This midcap fund has completed almost 30 years.
This MF scheme was launched in December 1993.
If an investor had invested ₹1 lakh at the time of launch of the scheme, the value of his investment currently is ₹2.31 crore.
This scheme has given a CAGR return of 19.59% in 30 years.
2. 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 ₹1 lakh in this ELSS scheme at the time of launch, his investment at this time would have been ₹1.21 crore.
SBI Long Term Equity Fund has also given a CAGR return of 16.68% in the last 30 years.
3. Franklin India Bluechip Fund:
Franklin India Bluechip Fund has also worked to convert lakhs of investors into millionaires.
This is a large cap fund.
It was started in 1993.
If an investor had invested a lump sum of ₹ 1 lakh at the time of launch of the scheme, then its value has now increased to ₹ 2.13 crore.
This scheme has given a CAGR return of 19.28% in 30 years.
These 3 mutual fund schemes can be a great option for investors.
But keep in mind that before investing, assess your financial position and risk tolerance.
It is also advised to consult a financial advisor before investing in any mutual fund.
Also keep these things in mind while investing:
Set your investment goals and invest accordingly.
Assess your risk tolerance and choose mutual funds accordingly.
Compare different mutual fund schemes and then invest.
Invest for the long term.
Review your investments regularly.
By investing in mutual funds you can easily achieve your financial goals.
