The Lost Notebook of Ramanujan contains a number of beautiful formulas, one of which can be found on its page 220. It involves an interesting function, which we denote as $\mathcal{F}_1(x)$. In this paper, we show that $\mathcal{F}_1(x)$ belongs to the category of period functions as it satisfies the period relations of Maass forms in the sense of Lewis and Zagier \cite{lz}. Hence, we refer to $\mathcal{F}_1(x)$ as the \emph{Ramanujan period function}. Moreover, one of the salient aspects of the Ramanujan period function $\mathcal{F}_1(x)$ that we found out is that it is a Hecke eigenfunction under the action of Hecke operators on the space of periods. We also establish that it naturally appears in a Kronecker limit formula of a certain zeta function, revealing its connections to various topics. Finally, we generalize $\mathcal{F}_1(x)$ to include a parameter $s,$ connecting our work to the broader theory of period functions developed by Bettin and Conrey \cite{bc} and Lewis and Zagier \cite{lz}. We emphasize that Ramanujan was the first to study this function, marking the beginning of the study of period functions.
Comment: To appear in Advances in Mathematics