Franklin India Bluechip Fund Turns Rs. 10,000 Monthly SIP Into Rs. 13.64 Crore in 31 Years
An investment of Rs. 10,000 every month with the help of a Systematic Investment Plan (SIP) in Franklin India Bluechip Fund over 31 years has seen growth in this amount to Rs. 13.64 crore, which gives an annualised return of 18.5%. This fund grows with a total investment of Rs. 37.2 lakh in the period through Value Research data.
It has a net asset value of 5 December 2024, Rs. 1,016.5852, and it managed Rs. 7,789 crore in Assets Under Management (AUM) as of October 31, 2024.
The Franklin India Bluechip Fund is one of the oldest mutual funds in India, which invests at least 80% in large-cap stocks.
According to Value Research, the fund comes under the “Very High” category on the riskometer and has an expense ratio of 1.84%.
Franklin India Bluechip Fund has invested 97.05% of its portfolio in equity and 2.95% in cash and cash equivalents as of 31 October 2024. Its top equity holdings are in the hands of ICICI Bank, Axis Bank, HDFC Bank, Reliance Industries, and Mahindra and Mahindra, which indicates the strong presence of large-cap stocks.
Over the last one year, this fund has delivered returns of 25.66%, and for the past three and five-year returns, it delivered 13.07% and 16.45% returns, respectively. Over seven and ten years, it has generated returns of 12.45% and 11.35%, respectively.
Investors who want to buy Franklin India Bluechip Fund Units can purchase them from the Franklin Templeton Mutual Fund website or through platforms like MF Central and MF Utility.
