Franklin India Prima Fund
Franklin India Prima Fund is an open-ended growth scheme fund.
Investment objective
The primary objective of Franklin India Prima Fund is to offer medium to long-term capital appreciation on investments with a secondary objective of providing income to investors.
Fund information
| Inception date | December 1, 1993 |
| CRISIL rank | Franklin India Prima Fund is ranked 3 in Small and Mid-Cap Funds by CRISIL |
| Schemes |
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| Entry load | Nil |
| Exit load | For redemptions within 1 year of allotment : 1% |
| Minimum investment | Rs 5,000 |
| Product label – Risk and target investors | Moderately High Risk product designed for investors looking for long term capital appreciation through funds which invest in small and mid-cap stocks. |
| Benchmark + additional Benchmark |
CNX 500 + CNX Midcap
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| SIP (Systematic Investment Plan) |
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| SWP (Systematic Withdrawal Plan) | Yes, investors can utilise SWP facility, provided they have a minimum account balance of Rs 25,000.
A monthly or quarterly option is available under SWP, with the freedom to choose between fixed amount and capital appreciation. |
| STP (Systematic Transfer Plan) | Yes, STP facility is available for this fund and investors can opt for either a monthly or quarterly mode. Redeemed units need to be reinvested in another scheme. |
| Redemption |
Minimum Redemption Amount – Rs 1,000. Redemption proceeds will be sent to unitholders within 10 business days. |
| Taxation (on investment and on redemption) | Investors need to consult their tax adviser to get a clear picture of tax implications related to this scheme. |
Portfolio – Sector / Top 10 holdings
| Company | Sector | Percentage |
| Yes Bank Ltd | Banking | 4.36 |
| Torrent Pharmaceuticals Ltd | Pharmaceuticals | 3.13 |
| FAG Bearings (India) Ltd | Industrial Products | 2.85 |
| Amara Raja Batteries Ltd | Auto Ancillaries | 2.82 |
| Finolex Cables Ltd | Industrial Products | 2.76 |
| HDFC Bank Ltd | Banking | 2.73 |
| IndusInd Bank Ltd | Banking | 2.66 |
| Axis Bank Ltd | Banking | 2.49 |
| Kansai Nerolac Paints Ltd | Consumer Non-Durables | 2.36 |
| Idea Cellular Ltd | Telecom Services | 2.30 |
Risk measures – Last three years
The risk measures for various criteria over the last three years are mentioned below.
| Sharpe ratio (Annualized) | 1.90 |
| R-squared | 0.78 |
| Beta | 0.95 |
| Standard Deviation | 4.49 |
Performance
| AUM | Rs 3802.69 crores (as of July 31, 2015) |
| NAV (as of 02/09/2015) |
Dividend – 54.27 Growth – 641.27 Direct Dividend – 56.06 Direct Growth – 659.69 |
Returns
The returns provided by Franklin Prima Fund in comparison to market returns are shown in the table below.
| Period | Scheme returns | S&P CNX 500 | S&P CNX Nifty |
| March 2012 – March 2013 | 13.18% | 5.13% | 7.31% |
| March 2013 – March 2014 | 23.81% | 17.72% | 17.98% |
| March 2014- March 2015 | 68.51% | 33.56% | 26.65% |
Expense Ratio
The Expense ratio of Franklin Prima Fund is mentioned in the table below.
| Daily Net Assets | Expense ratio |
| First 100 crores | 2.85% |
| Next 300 crores | 2.60% |
| Next 300 crores | 2.35% |
| On Remaining Balance | 2.10% |
