Franklin India Prima Fund Growth
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||4.04%|
|Crompton Greaves Consumer Electricals Ltd||3.95%|
|ICICI Bank Ltd||3.91%|
|Kansai Nerolac Paints Ltd||3.66%|
|Kotak Mahindra Bank Ltd||3.54%|
|Ramco Cements Ltd||3.24%|
|Info Edge (India) Ltd||3.22%|
|City Union Bank Ltd||3%|
|Aarti Industries Ltd||2.56%|
About Franklin India Prima Fund
Franklin India Prima Fund is an open-ended growth scheme with investment objective to provide medium to long-term capital appreciation as a primary objective and income as a secondary objective. The Scheme is a diversified equity portfolio mainly investing in mid-cap stocks. It identifies companies during the early trend and of their business cycle as the growth potential in such companies is greater.
Pros & Cons of Franklin India Prima Fund
This Scheme has consistently outpaced its benchmark for the last eight years. It has proved adaptable to market cycles, keeping up its outperformance despite turmoil in market preferences. This has facilitated it to hold onto a four and five-star rank for the last four years.
Fund Information and Statistics of Franklin India Prima Fund
i) Inception / Launch date
The Scheme was launched on 1 December 1993 and provided annualized return of 19.67% since inception. The scheme is benchmarked against NIFTY Midcap 150 TRI.
ii) Risk level
The Scheme’s Riskometer is determined as “Moderately High”. The recommended investment horizon is “5 years or more” for investment in this Scheme. The Scheme has consistently declared a dividend every year for the last 20 years.
Minimum redemption amount is Rs 1,000. Redemptions request received up to 3 PM are redeemed on same day’s NAV and redemptions requests received post 3 PM are settled on subsequent business day’s NAV.
iv) Fund Manager
The Scheme is currently being managed by Mr. Hari Shyamsunder (since May 2016) and Mr. R Janakiraman (since Feb 2008). Mr. Shyamsunder is a Bachelor in Engineering from NIT, Tiruchirapalli and holds a PGDM from IIM-B. He is also a Chartered Financial Analyst from CFA Institute. Mr. Janakiraman is a B.E and PGDM (Business Management).
v) Entry / Exit load
1% exit load is charged if the units are redeemed within 1 year from the date of allotment of units, no exit load is charged beyond 1 year.
About Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund was incorporated on 6 October 1995 and started operation on 19 February 1996. The fund house flagged off the mutual fund with the launch of Templeton India Growth Fund in September 1996, and since then the business has grown at a steady pace and is one of the leading fund houses in India.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns