The open-ended equity fund named Franklin India Prima Fund predominantly invests in mid-cap firms. The fund has 65% investment in mid-cap stocks and is classified as a mid-cap fund. Since the fund was established on December 1, 1993, it has been around for 29 years. The fund has consistently declared dividends each year for the past 20 years, and investors looking to build long-term wealth, save for retirement, pay for an education, or support a marriage should invest in this fund for at least five years. can invest for. Let us examine the SIP performance of the fund over the long term, given that it has delivered a CAGR of 19.05% since inception.
SIP Performance of Franklin India Prima Fund (As on October 31, 2022)
Monthly SIP of 10,000 will increase your total investment by 1.20 Lakh onwards 1.28 Lakh considering the 13.36% returns of the fund over the last year. Monthly SIP of 10,000 your total investment would have gone up 3.60 Lakh onwards 4.92 Lakh in the last three years, the fund has given an annualized return of 21.39% during this period. Due to the fund’s annualized returns of 15.56% during the last five years, the monthly SIP Your total investment of Rs.10,000 will grow exponentially from 6 lakhs 8.85 lakhs. In the last 7 years, the fund has generated annualized returns of 13.82%, hence the monthly SIP 10,000 your total investment would have been in 8.40 lakhs 13.74 Lakhs.
Over the last 10 years, the fund has generated annualized returns of 15.59%, hence monthly SIP 10,000 your total investment would have been in 12 lakhs 27.15 lakhs. Over the last 15 years, the fund has generated annualized returns of 16.57%, hence the monthly SIP 10,000 your total investment would have been in 18 lakhs 70.70 lakhs. Since inception, the fund has given annualized returns of 20.06%, hence the monthly SIP 10,000 your total investment would have been 34.70 Lakhs 13 crores.
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Key Highlights of Franklin India Prima Fund
The fund is managed by Sandeep Manam (dedicated to invest in exotic securities) and R Janakiraman and Akhil Kalluri (with effect from February 7, 2022). Franklin India Prima Fund-Growth With the monthly average AUM under Assets Under Management (AUM) of Rs 7752.89 Crore 7598.57 Crore as on 30/09/2022 and the NAV of the fund is 1,515.41 by November 18, 2022. The fund is benchmarked against Nifty Midcap 150 Index. The fund has a portfolio turnover ratio of 36.19%, standard deviation of 7.04%, beta ratio of 0.90, and Sharpe ratio of 0.46.
The regular option has an expense ratio of 1.88% while the direct option has an expense ratio of 1.09%. The fund maintains a top 5 industry allocation to Banks, Consumer Durables, Retailing, Finance and Healthcare Services. Federal Bank Limited, ICICI Bank Limited, Crompton Greaves Consumer Electricals Limited, Deepak Nitrite Limited, Max Healthcare Institute Limited are the top holdings of the fund. The fund has 96.93% exposure to equity securities, of which 16.4% are large-cap stocks, 68.14% are mid-cap stocks, and 12.39% are small-cap stocks.
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