Franklin India Prima Fund Direct Growth
Equity
Direct
Mid-Cap
About the Fund
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 ₹12015 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.9.
Returns
Franklin India Prima Fund Direct Growth has given a CAGR return of 20.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 55.40%, 24.20% and 25.22% respectively.
Holdings
Franklin India Prima Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Tech, Real Estate, Consumer Defensive, Communication, Utilities, Energy. Its top holdings are The Federal Bank Ltd, Cummins India Ltd, Prestige Estates Projects Ltd, Deepak Nitrite Ltd, Mphasis 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.
Fund Performance
1287 people have invested ₹ 1.5Cr in Franklin India Prima Fund Direct Growth in the last three months
INDmoney Rank
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
Fund Overview
| Expense ratio | 0.94% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹12015 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 26.03% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Mid cap
66.3%
Large cap
17.4%
Small cap
13.8%
Sector Allocation
Financial Services
20.3%
Industrial
18.5%
Consumer Cyclical
16.6%
Basic Materials
13.1%
Health
8.5%
Tech
7.4%
Real Estate
6%
Consumer Defensive
4.5%
Communication
2.9%
Utilities
1.4%
Energy
0.6%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Persistent Systems Ltd | 21.2% |
 Coromandel International Ltd | 3.4% |
R. Janakiraman
Fund Manager of Franklin India Prima Fund Direct Growth, since 1 February 2011
Top funds managed
Mutual Fund Insights
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 69.94% return, outperforming this fund by 14.53%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.41% return, outperforming this fund by 14.18% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 40.05% return, outperforming this fund by 15.85% per annum.
Over the last 3 months, this fund has experienced a 18.9% growth in AUM moving from 10.10K Cr to 12.01K Cr.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.95% which is lower than the category average expense ratio of 1.14%.
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 20.85% since inception which is more than its category average return of 20.43%
Fund Allocations
This fund has an allocation of 97.12% in Equity, 0% in Debt and 2.88% in Cash related instruments
AUM size ₹12015 Cr
This fund has AUM of ₹12015 Cr which is more than its category average of ₹ 8824 Cr
Expense Ratio 0.94%
This fund has an expense ratio of 0.94% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Franklin India Prima Fund Direct Growth is ₹2973.82 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Franklin India Prima Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.17% | 2.17% |
6 Month Returns | 27.21% | 27.21% |
1 Year Returns | 55.4% | 55.4% |
3 Years Returns | 91.6% | 24.2% |
5 Years Returns | 207.9% | 25.22% |
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0.94% as on June 2024
₹12015 Cr as on June 2024
The Federal Bank Ltd(3.46%), Cummins India Ltd(2.62%), Prestige Estates Projects Ltd(2.57%), Deepak Nitrite Ltd(2.29%), Mphasis Ltd(2.2%) as on June 2024
Financial Services(19.74%), Industrial(17.98%), Consumer Cyclical(16.1%) as on June 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 | 2.14 | -1.26 | -2.3 |
As on June 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 | 0.91 | 0.92 | 0.92 |
As on June 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 | 2.9 | 1.22 | 0.88 |
As on June 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 | 13.1 | 14.42 | 20.69 |
As on June 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 2.53 as on June 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%