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Updated Jan 08, 2021 | 15:26 IST
3-year CAGR return from large cap funds now stand at 17.65% while large and midcap funds have on average delivered 16.69% return over the last three years. Representational image
New Delhi: Those who continued with their equity mutual fund SIPs during the Covid-led market slump are now reaping rich rewards.
Investors on an average have earned annualised returns of 13-14% on their SIPs for a period of five years. Over three years, the return is even higher at 17-19%, the
Economic Times mentioned in a report citing Value Research data. 3-year CAGR return from large cap funds now stand at 17.65% while large and midcap funds have on average delivered 16.69% return over the last three years. Small Cap funds have delivered even more over the same period.
Voting for Franklin Templeton schemes ends
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Synopsis
The unitholders’ meetings have brought the voting process to an end. The Supreme Court will decide the further course of action in its next hearing in January, 2021.
Agencies
Franklin attributed this to its dominance in market for lower-rated bonds.
The trustees of Franklin Templeton Mutual Fund told unitholders of the six shut debt schemes that these schemes have managed to get more money from issuers than what was projected earlier. In the six video meetings held on Tuesday, top management and trustees of Franklin Templeton assured investors that if the outcome of the voting process is a ‘Yes’, it would be able to monetize the papers faster while preserving their value of investments, as market conditions have become far more conducive.