Franklin India Prima Fund Direct Growth

Franklin India Prima Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 06-12-2024

₹ 3142.31

0.4%

1D

Inception Returns

20.7%

/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

  1. 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.
  2. The fund has an expense ratio 1.

Returns

Franklin India Prima Fund Direct Growth has given a CAGR return of 20.70% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 40.44%, 24.66% and 25.18% 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 benefit
Dividends 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

zero opening, trading, fund transfer fee
1468 people have invested ₹ 1.3Cr 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.
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Beats FD returns for both 3Y & 5Y duration
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5Y returns in the bottom 25% of the category

Franklin India Prima Fund Direct Growth Overview

Expense ratio0.97%
Benchmark
S&P BSE Midcap TR INR
AUM₹12318 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
21.28%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
Franklin India Prima Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
2.1%
3.6%
1.7%
3M
1.5%
-0%
0.3%
6M
15.6%
9%
12.7%
1Y
40.4%
31.7%
35.7%
3Y
24.7%
23.2%
23.8%
5Y
25.2%
28.5%
27.4%

Fund Distribution

as on (31-Oct-24)

  • Equity 98.1%

  • Debt & Cash 1.9%

Mid cap
67.1%

Small cap
19.4%

Large cap
11.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

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
Oct'24
Sep'24
Aug'24
Fund Returns
-4.46%
1.98%
1.98%
Nifty Midcap 150
-6.72%
2.05%
1.01%
  • 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
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 12.3K Cr
₹ 12.9K Cr
₹ 12.7K Cr
  • 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%
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%
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%
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 %
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 %
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 %
Ipca Laboratories Ltd's allocation decreased from 5.26 % to 2.12 %
Mid Cap allocation has gone down from 67.5% to 67.1%
Mid Cap allocation has gone down from 67.5% to 67.1%
Large Cap allocation has gone up from 11.3% to 11.4%
Large Cap allocation has gone up from 11.3% to 11.4%
Small Cap allocation has gone up from 19.3% to 19.4%
Small Cap allocation has gone up from 19.3% to 19.4%
Cash allocation has gone up from 1.9% to 1.9%
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%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
78
78
76
Top 5 Company Concentration
12.9%
12.7%
13.4%
Company having highest exposure
The Federal Bank Ltd (3.9%)
The Federal Bank Ltd (3.6%)
The Federal Bank Ltd (3.6%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
76.8%
76.1%
75.7%
Sector having highest exposure
Financial Services (21.3%)
Financial Services (20.8%)
Financial Services (20.3%)
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R. Janakiraman
R. Janakiraman
Fund Manager of Franklin India Prima Fund Direct Growth, since 1 February 2011
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
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

Insights icon
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%.
Insights icon
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 65.22% return, outperforming this fund by 24.78%.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.13% return, outperforming this fund by 13.47% per annum.
Insights icon
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 35.21% return, outperforming this fund by 10.03% per annum.
Insights icon
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

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 20.7% since inception which is more than its category average return of 19.88%
Fund Allocations

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

AUM size ₹12318 Cr

This fund has AUM of ₹12318 Cr which is more than its category average of ₹ 9421 Cr
Expense Ratio 0.97%

Expense Ratio 0.97%

This fund has an expense ratio of 0.97% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for Franklin India Prima Fund Direct Growth

The current NAV of Franklin India Prima Fund Direct Growth is ₹3142.31 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Franklin India Prima Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.11%
2.11%
6 Month Returns
15.55%
15.55%
1 Year Returns
40.44%
40.44%
3 Years Returns
93.73%
24.66%
5 Years Returns
207.35%
25.18%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.97% as on November 2024
₹12318 Cr as on November 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 November 2024
Financial Services(20.94%), Consumer Cyclical(16.8%), Industrial(13.59%) as on November 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
9.04
1.32
-1.63
As on November 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
0.89
0.92
As on November 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
2.19
1.13
0.92
As on November 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
14.5
20.5
As on November 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 2.27 as on November 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%