Skip to main content

Franklin India Prima Plus Fund

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 

Dependable quality, old world charm

Franklin India Prima Plus belongs to the old school of investing – steady and consistent in its performance. If you are the kind scouting for flashy returns, this fund would not have entered your radar.

Launched in 1994 and tested through several market ebbs and flows, Franklin India Prima Plus is a good addition to a long-term portfolio of 5-15 years for investors with medium risk appetite. Its 5-year annual return of 12.8% is a good 5 percentage points more than its benchmark CNX 500.

Suitability
Franklin India Prima Plus is predominantly a large-cap fund with a little bit of midcaps to help up the return potential. It is therefore suitable for less-aggressive investors. Its track record of containing declines reasonably well also points to the fund being a good fit for investors with moderate risk appetite.

Given the volatile market conditions, any investing in equities is best done through SIPs and Franklin India Prima Plus will be no exception to this rule. But if you have a time frame of not less than 10 years and do have the money to spare, then lump sum investing may be a good idea at this juncture, given that both earnings and economic factors are at perhaps at their respective low points.

Performance
Franklin India Prima Plus has managed to stay in the top quartile of the performance chart consistently. But the fund did not make it to the toppers' charts in recent years. Still, you'll probably find the fund in the top ten of the diversified fund category over 7- and 10-year periods.


The fund's ability to contain declines was well-demonstrated in 2008 as well as in 2011, if we take the recent years' performance.

In 2008, the fund's NAV fell 48% lesser than the 52% average fall seen in equity funds as well as broad indices. In 2011 too, it contained declines to just 16%; that was better than the category's fall of 24%.

The fund's ability to contain declines stems from two factors: one, its predominant exposure to large caps and two more important reason, its call on equities based on valuations. Now, this may sound strange, given that Franklin India seeks to invest in 'high growth' stocks that generate wealth.

High growth companies are defined by the fund as those that generate higher return on capital then their cost of capital. While stocks of high growth companies can also swing more with the markets, Franklin India Prima Plus has effectively contained this by taking good valuations calls.

The fund's exposure to equities is typically high when markets are beaten down – the end of 2008 and 2011 being cases in point. By buying when valuations are attractive, the fund's is in a better position to handle downsides from the highs (having bought stocks when they were low).

Similarly, valuation calls are taken when sectors become expensive. The 4% exposure to FMCG that the fund held a year ago has been eased over the course of the last one year, what with valuations steadily climbing northward for stocks in the space.

Portfolio
Franklin India Prima Plus has stocked its portfolio with growth sectors such as banks, telecom, auto and cement even as it holds IT and pharma.

Although pharma is perceived as a defensive space, the fund has picked high-growth stocks in the sector such as Dr Reddy's Laboratories and IPCA Laboratories and thus reaped rich benefits.

Fund manager Anand Radhakrishnan also appears to have plenty of conviction in some of his picks; holding as he does, the market-neglected blue chip stock Bharti Airtel as his second top holding.

Such calls do lend a shade of contrarian characteristic to this fund. With a low portfolio turnover of about a third, the fund certainly gives time for its stocks to perform.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...

What is Financial Freedom?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     There were many things common between our Freedom fighters. All had the Single vision (Free India), common goal (independence) and had a disciplined and focused approach. They were ready to do anything and everything and had made so many sacrifices to see India free . But the road to freedom was not easy .They had faced lot many hardships, went to jail so many times and even confronted physical and mental torture from the British. There was one more thing which proved to be an advantage to our fighters that most of them were professional lawyers. The knowledge of legal issues and its impact on our country at large has helped them counter various bills and proposed new laws by the then government. It is due to their continuous effort that we are able to achieve the goal of Independent Indi...

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now