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Franklin India Prima Fund

Team Antworks

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
  • Growth
  • Dividend (Reinvestment and Payout options available)
  • Direct Growth
  • Direct Dividend (Reinvestment and Payout options available)
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

  • CNX 500 is a benchmark of the Indian capital market and represents 95% of all free float market capitalization stocks on the NSE.
  • CNX Midcap is a benchmark for the midcap segment in the Indian market.
SIP (Systematic Investment Plan)
  • Rs 500 (minimum 12 SIP investments of Rs 500 each)
  • Rs 1,000 (minimum 6 SIP investments of Rs 1,000 each)
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%
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