Franklin India Prima Fund – Direct (G) NAV inches past Rs 1000

The net asset value of Franklin India Prima Fund (Direct Plan)- Growth touched Rs 1006.59, after it gained 1.8%.This midcap fund launched in December 1993, has assets worth Rs 6500 crore. Managed by R Janakiraman and Hari Shyamsunder it has multiplied a whopping 100x to investors since its launch. This means Rs 1 lakh put in the new fund offer in Decemeber 1993 is now worth Rs 1 crore.

With 87% of its corpus invested in midcap stocks, the top holdings of the fund are HDFC Bank, Kansai Nerolac, Ramco Cements, City Union Bank and Apollo Tyres. Over the last three years the fund has returned an annualized 16.27% ahead of its benchmark return of S&P BSE 150 Midcap TRI return of 14.55%. Since inception, as per data by Value Research, the fund has given a return of 19.55%.


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