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Small Cap Fund Hits Rs 14,000 Cr AUM Milestone
6 Oct
Summary
- Franklin India Small Cap Fund surpasses Rs 14,000 crore AUM.
- A Rs 10,000 monthly SIP grew to nearly Rs 1.94 crore in 20 years.
- Indian equities extended a rebound, with Nifty and Sensex closing higher.
The Franklin India Small Cap Fund has achieved a notable milestone by surpassing Rs 14,000 crore in Assets Under Management (AUM). This impressive growth underscores the effectiveness of long-term investment strategies.
A demonstration of this success is a Rs 10,000 monthly Systematic Investment Plan (SIP) which has grown to approximately Rs 1.94 crore over a 20-year period. The fund has notably outperformed its benchmark index for over 15 years, showcasing the benefits of long-term compounding and disciplined investment approaches.
In parallel, the broader Indian equity markets extended their rebound for the second consecutive session on Tuesday. Benchmark indices like the Nifty 50 and Sensex closed higher, supported by a decline in crude oil prices which eased macroeconomic pressures.
The Nifty 50 closed at 22,714.80, marking a 0.71% increase, while the Sensex gained 0.95% to settle at 73,067.81. Broader market indices, including the Nifty Smallcap 100 and Nifty Midcap 100, also experienced significant gains. Sectoral indices such as FMCG, Pharma, and Oil & Gas showed positive performance, indicating broad-based market strength.
