Franklin India Prima Fund – Direct Growth

The Franklin India Prima Fund is an open-ended Mid Cap equity mutual fund scheme from the house of Franklin Templeton Mutual Fund. This fund, having been launched on October 30, 1993, has been in existence for around 29 years and three months. Franklin India Prima Fund-Growth has ₹7,602 Crores worth of assets under management in it as of 31/12/2022.

It is a medium-sized fund of its category being managed by Mr.Akhil Kalluri. The fund has the majority of its capital invested in the Automobile, Financial, Services, Fixed Capital, and Healthcare sectors.

Pros and Cons

How to Invest in Franklin India Prima Fund?

The Franklin India Prima Fund has its benchmark set as NIFTY 500, against which its yearly performance is to be measured and evaluated accordingly while investing.
Interested investors are, thus, suggested to take due note of its allocations before investing. They should check whether such an asset-holding scheme would serve their interests or not: or whether it is in tandem with their selective preferences.

Investing in this fund is otherwise very easy and trouble-free, with both SIP and lump sum payment amounts available to the investor as options.

What is the Expense Ratio?

As one can see, this ratio is high, meaning that the investor has to pay more to the fund’s firm if he chooses to opt for their services.

Who should invest in Franklin India Prima Fund?

Franklin Prima Fund is best suitable for investors who prefer a fund that has the potential to deliver high capital appreciation over a long time period. These investors should be able to hold their money in their invested places for a long period of time without hassles.
Investors having an aggressive profile of risks find Franklin Prima Fund as their top choice since it maintains a high focus on mid-cap and small-cap segments; thereby, losses due to market fluctuations are better controlled.
The fund conveniently offers both Systematic Investment Plan as well as a mode to invest in mutual funds online. Investors who don’t wish to go into too much pesky paperwork will find this fund very relieving.

Benefits

● Franklin India Prima Fund-Growth, returns of the last one year, is 1.12%. Since launch, it has delivered 18.72% average annual returns. The fund has doubled the money invested in it every 3 yrs. Obviously, it is a premium choice for making profitable investments.
● The fund’s top 5 holdings are in large and powerful companies like Federal Bank Ltd., ICICI Bank Ltd., Crompton Greaves Consumer Electricals Ltd., Apollo Tyres Ltd., Deepak Nitrite Ltd, etc. Since these companies are great market performers, it brings assurance to investors that their money won’t go to waste.
● Due to its growth-oriented strategy resulting in procurements of high capital returns to the investors, Franklin Prima Fund successfully secured the second rank in the ‘Small & Mid-Cap’ category of mutual funds by CRISIL for the quarter-end in June 2016.
● The fund has yielded commendable returns, which reached up to 44.7% and 77.1% for the year 2012 to 2016. Moreover, the annualized returns of Franklin India Prima Fund are 36% and 26.2% for the period of three and five-year, respectively.
● The sectors it has curatively held assets under are all among the top-growing presence of the Indian share market, and hence, yielding greater returns is guaranteed. It also makes sure that it would provide the anticipated returns to the investors even during downside risks.