Franklin India Prima Fund : Fund Review

Franklin India Prima Fund is a mid-cap fund. The investment objective of the fund is to provide medium to long term capital appreciation as a primary objective and income as a secondary objective. The fund gave 19.63% return since its launch in December 1993. The fund managers are R. Janakiraman, Srikesh Nair and Hari Shyamsunder. Invest in this fund for an investment horizon of at least 5 years for the investments to give best results.

 

 

Performance

Franklin India Prima Fund is ranked 2nd in its category by Upwardly. The fund has managed to beat its benchmark and category most of the times since its inception. The funds trailing returns are higher than its benchmark.

Franklin India Prima Fund has beaten its category average by 1-2 percentage points in the 2, 3 and 5-year returns. The fund’s returns are higher than most of its peers over the years. The fund gave 19.63% return since its inception.

Fund1 Year Return (%)3 Year Return (%)5 Year Return (%)
Franklin India Prima Fund-4.47%14.28%20.72%
Axis Midcap Fund6.60%16.39%20.26%
HDFC Mid-Cap Opportunities Fund-6.64%15.07%19.74%
L&T Midcap Fund-9.64%17.20%22.96%
Kotak Emerging Equity Scheme-6.03%15.75%23.14%

A SIP investment of Rs 5,000 a month in Franklin India Prima Fund started 5 years ago is worth Rs 3.96 lakhs now.

Fund Information

Franklin India Prima Fund focuses on investing predominantly in mid-cap companies which tend to exhibit higher growth rates than well-established large sized companies. It aims to identify companies at an early stage of the business life cycle as they have a greater potential for growth. It has consistently declared a dividend every year for the last 20 years.

Fund has 94.11% investment in Indian stocks of which 16.79% is in large-cap stocks, 68.18% is in mid-cap stocks, and 8.61% in small-cap stocks.

The fund has a well-diversified portfolio with 63 stocks in its portfolio. The top five holding sectors constitute 43.37% of the portfolio. These include Banks (13.17%), Industrial Products (11.39%), Auto Ancillaries (6.56%), Consumer Non-Durables (6.52%), and Finance (6.07%).

Recommendation

Franklin India Prima Fund is suitable if you are looking for long term wealth creation. Ideal for long term goals like retirement, kids’ education, a seed fund for own startup. Don’t look at returns of these funds in the short-term. Therefore, consider investing in this fund if your investment horizon is 5 years or more.

Fund NameFranklin India Prima Fund
Launch DateDecember 1, 1993
AUMRs 6,458 Cr
Return (Returns greater than 1 year are annualized)Since Launch: 19.63%
1 Year: -4.47%
3 Year: 14.28%
5 Year: 20.72%
Expense Ratio2.02%
Fund Category RiskHigh
Investment PlanGrowth
Minimum Investment Horizon5+ years
Minimum InvestmentRs 5,000
Minimum Additional InvestmentRs 1,000
Exit Load1% if withdrawn within 1 year
Fund ManagerJanakiraman Rengaraju
Hari Shyamsunder
Srikesh Karunakaran Nair
0 Shares:
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like