Franklin India Prima Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 22-11-2024
₹ 2976.67
1D
Inception Returns
20.1%
/yr
About Franklin India Prima Fund Direct Growth
Franklin India Prima Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by R. Janakiraman. The fund could potentially beat inflation in the long-run.
Key Parameters
- Franklin India Prima Fund Direct Growth has ₹12318 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 1.
Returns
Franklin India Prima Fund Direct Growth has given a CAGR return of 20.11% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.28%, 19.85% and 23.55% respectively.
Holdings
Franklin India Prima Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Health, Tech, Real Estate, Consumer Defensive, Communication, Utilities, Energy. Its top holdings are The Federal Bank Ltd, Deepak Nitrite Ltd, Mphasis Ltd, Max Financial Services Ltd, Prestige Estates Projects Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Franklin India Prima Fund Direct Growth
The investment objective of Prima Fund is to provide medium to longterm capital appreciation as a primary objective and income as a secondary objective.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Franklin India Prima Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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1461 people have invested ₹ 1.4Cr in Franklin India Prima Fund Direct Growth in the last three months
INDmoney Rank for Franklin India Prima Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
Franklin India Prima Fund Direct Growth Overview
| Expense ratio | 0.97% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹12318 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 21.28% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Mid cap
67.1%
Small cap
19.4%
Large cap
11.4%
Sector Allocation
Financial Services
21.3%
Consumer Cyclical
17.1%
Industrial
13.9%
Basic Materials
13.8%
Health
10.7%
Tech
8.2%
Real Estate
5.4%
Consumer Defensive
4.3%
Communication
2.6%
Utilities
1.8%
Energy
0.7%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.46% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 2.26% in Oct'24
- AUM of the fund stands at 12.3K Cr as of Oct'24
- AUM decreased by 624.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Tube Investments of India Ltd Ordinary Shares's allocation increased from 1.48% to 1.97%
PNB Housing Finance Ltd's allocation increased from 0.53% to 0.9%
The Federal Bank Ltd's allocation increased from 3.56% to 3.88%
Top Stocks sold last month
Deepak Nitrite Ltd's allocation decreased from 2.47 % to 2.35 %
Prestige Estates Projects Ltd's allocation decreased from 2.33 % to 2.17 %
Ipca Laboratories Ltd's allocation decreased from 5.26 % to 2.12 %
Large Cap allocation has gone up from 11.3% to 11.4%
Small Cap allocation has gone up from 19.3% to 19.4%
Mid Cap allocation has gone down from 67.5% to 67.1%
Cash allocation has gone up from 1.9% to 1.9%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
21%
Consumer Cyclical
17%
Industrial
14%
Sep'24
Financial Services
21%
Consumer Cyclical
17%
Industrial
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Federal Bank Ltd | 6.9% |
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R. Janakiraman
Fund Manager of Franklin India Prima Fund Direct Growth, since 1 February 2011
Top funds managed
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total Schemes
Total AUM
₹1.17L Cr
as on 31-Oct-2024
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+912267519100
Website
service@templeton.com
Mutual Fund Insights
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.14% return, outperforming this fund by 21.86%.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 33.13% return, outperforming this fund by 9.59% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.39% return, outperforming this fund by 13.54% per annum.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.97% which is lower than the category average expense ratio of 1.14%.
Over the last 1 month, this fund has experienced a 4.8% drop in AUM moving from 12.94K Cr to 12.31K Cr.
Franklin India Prima Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.11% since inception which is more than its category average return of 18.78%
Fund Allocations
This fund has an allocation of 98.09% in Equity, 0% in Debt and 1.91% in Cash related instruments
AUM size ₹12318 Cr
This fund has AUM of ₹12318 Cr which is more than its category average of ₹ 9389 Cr
Expense Ratio 0.97%
This fund has an expense ratio of 0.97% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Franklin India Prima Fund Direct Growth
The current NAV of Franklin India Prima Fund Direct Growth is ₹2976.67 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Franklin India Prima Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.12% | -4.12% |
6 Month Returns | 10.76% | 10.76% |
1 Year Returns | 38.28% | 38.28% |
3 Years Returns | 72.17% | 19.85% |
5 Years Returns | 187.84% | 23.55% |
With INDmoney, the process of investing is very simple and involves zero commission.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.97% as on October 2024
₹12318 Cr as on October 2024
The Federal Bank Ltd(3.88%), Deepak Nitrite Ltd(2.35%), Mphasis Ltd(2.28%), Max Financial Services Ltd(2.18%), Prestige Estates Projects Ltd(2.17%) as on October 2024
Financial Services(20.94%), Consumer Cyclical(16.8%), Industrial(13.59%) as on October 2024
The alpha ratio for the Franklin India Prima Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Franklin India Prima Fund Direct Growth | 9.02 | 0.09 | -2.01 |
As on October 2024
The alpha for Franklin India Prima Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Franklin India Prima Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Franklin India Prima Fund Direct Growth | 0.88 | 0.9 | 0.92 |
As on October 2024
The Beta for Franklin India Prima Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Franklin India Prima Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Franklin India Prima Fund Direct Growth | 2.58 | 1.01 | 0.92 |
As on October 2024
The sharpe ratio for Franklin India Prima Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Franklin India Prima Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Franklin India Prima Fund Direct Growth | 14.25 | 14.82 | 20.5 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.98 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
R. Janakiraman is the fund manager of Franklin India Prima Fund Direct Growth
The Exit load of Franklin India Prima Fund Direct Growth is 1%