Franklin India Prima Fund, a mid-cap mutual fund, has demonstrated remarkable performance over its 31-year history.

Franklin India Prima Fund, a mid-cap mutual fund, has demonstrated remarkable performance over its 31-year history. Investors who initiated a monthly Systematic Investment Plan (SIP) of ₹10,000 at the fund’s inception have seen their investments grow to approximately ₹23.45 crore, achieving an Extended Internal Rate of Return (XIRR) of 21.02%.

Key Performance Highlights:since Inception: The fund has delivered an average annual return of 19.91%.

10-Year Performance: Over the past decade, it has provided an average annual return of 16.88%.

1-Year Performance: In the most recent year, the fund achieved a return of 36.59%.SIP Investment Growth:Since Inception: A consistent monthly SIP of ₹10,000 has accumulated to ₹23.45 crore, with an XIRR of 21.02%.

Last 5 Years: The same monthly SIP has grown to ₹12.43 lakh, reflecting an XIRR of 28.79%.Lump Sum Investment Growth:Since Inception: An initial lump sum investment of ₹1 lakh has appreciated to ₹2.82 crore, corresponding to a Compound Annual Growth Rate (CAGR) of 19.91%.

Last 5 Years: A lump sum investment of ₹1 lakh has increased to ₹2.95 lakh, with a CAGR of 24.17%.

Fund Overview:Launch Date: December 1993Assets Under Management (AUM): ₹12,441 crore (as of November 2024)

Portfolio Holdings: The fund’s portfolio comprises 77 stocks (as of November 2024)

Benchmark Index: Nifty Midcap 150 – TRIFund Managers: Akhil Kallur and R.Janakiraman This impressive performance underscores the potential of long-term, disciplined investing through SIPs in mutual funds, particularly in mid-cap segments. Investors should, however, conduct thorough research and consider their risk tolerance before making investment decisions.

For more detailed information, you can refer to the original report by The Economic Times.