Franklin India Prima Plus Fund: Healthy long-term track record

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

HOW HAS THE FUND PERFORMED?
With a 10-year return of 10.89%, the fund has outperformed both the benchmark (5.86%) and the category average (8.9%) by a good margin.

Annualised Performance (%)

Yearly Performance (%)

WHERE DOES THE FUND INVEST?

How Risky Is It?

BASIC FACTS
Date of launch: 29 September 1994
Category: Equity
Type: Multi-Cap
Average AUM: Rs 12,265.79 CR
Benchmark: Nifty 500 Index

WHAT IT COSTS
NAVs* Growth option: Rs 606
Dividend option: Rs 44
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 500
Expense ratio: (%): 2.24
Exit load 1% for redemption within 365 days
*As on 9 January 2018

Fund managers: R. Janakiraman and Anand Radhakrishnan
Tenure: 6 years and 10 months; 10 years and 7 months
Education: B.E and PGDM; B.Tech, CFA and PGDM

Should you buy?
The fund has an impressive long term track record, but has faltered slightly in the past few years. Having mostly outperformed its category since 2010, the fund’s return profile has slipped in the last two years. This is partly due to its heavy large-cap tilt, even as several peers have favoured mid-caps. While biased towards growth picks, the fund managers are comfortable taking contrarian calls in sectors and focused bets in select stocks, as evidenced by the fund's overweight position in healthcare and large exposure to HDFC Bank. The portfolio has been pruned compared to two years ago. Although it has underwhelmed of late, its track record under its skilled fund managers should provide comfort to investors willing to invest for the long haul.