What does FIPF mean in FUNDS
Franklin India Prima Fund (FIPF), is a mutual fund offered by Franklin Templeton Investments. It is one of the largest funds in India and provides well-diversified exposure to large-cap stocks within the Indian equity market. FIPF is an open-ended equity growth scheme that seeks to provide wealth creation opportunities over medium to long term through investing in high quality stocks.
FIPF meaning in Funds in Business
FIPF mostly used in an acronym Funds in Category Business that means Franklin India Prima Fund
Shorthand: FIPF,
Full Form: Franklin India Prima Fund
For more information of "Franklin India Prima Fund", see the section below.
Essential Questions and Answers on Franklin India Prima Fund in "BUSINESS»FUNDS"
What is Franklin India Prima Fund?
Franklin India Prima Fund (FIPF) is a mutual fund offered by Franklin Templeton Investments. It is an open-ended equity growth scheme that seeks to provide wealth creation opportunities over medium to long term through investing in high quality stocks.
Who can invest in FIPF?
Any Indian resident, company or body corporate as defined under Section 2 of Companies Act 2013 can invest in FIPF. Non-resident Indians, Overseas Corporate Bodies, Qualified Foreign Investors and Qualified Institutional Buyers are also allowed to invest with prior approval from SEBI and Government of India under applicable laws and regulations.
What type of stocks does FIPF invest in?
The scheme focuses on providing exposure primarily to large-cap stocks which have a demonstrated track record of delivering consistent returns over the long term by investing across sectors.
How much money do I need to invest in FIPF?
There are no minimum or maximum limits for investment into this fund; however minimum subsequent investments should be at least Rs 5,000/- and thereafter in multiples of Re 1/-
Final Words:
Investing through the Franklin India Prima Fund can potentially provide attractive returns and help investors achieve their financial goals over the long run. Investors must also note that short term fluctuations are part and parcel of any kind of investments made into equity markets and as such one must always remember that having an appropriate asset allocation strategy is a must before making any kind of investments.