Two of India’s oldest equity schemes - Franklin India Bluechip Fund and Franklin India Prima Fund have completed 25 years of wealth creation. Both these schemes were launched in December 1993.Both the schemes were launched by India’s first private sector fund house Kothari Pioneer Mutual Fund, which was later acquired by Franklin Templeton India.
If Rs 10000 invested in 1993 has growth as below.
Franklin India Prima Fund - RS 907,208(Nine Lakhs seven thousand two hundred and eight rupees) at 19.75% annualized return
Franklin India Bluechip Fund - RS 1,062,399(Ten Lakhs sixty two thousand three hundred and ninety nine rupees) at 20.51% annualized return
We can learn below three lessons that come out clearly through this wealth creation journey:
- Successful Investing is not a short-term process. It involves years of following a proven philosophy, rigorous process and continuous refinement.
- Markets keep throwing opportunities; Catch the ones that you are most convinced about. There is nothing wrong in missing a few that are beyond our comprehension.
- Stay disciplined i.e. don’t lose conviction at the wrong moments. More damage can be done when long-held beliefs are traded for short-term gains.