Franklin India Prima Fund - Invest Now with Franklin Templeton India - Start a Good EMI
Annualised Returns As of 31/12/2022
Minimum Investment/Multiples for Fresh Purchase (INR)
5000/1
Additional Investment/Multiples thereof (INR)
1000/1
Over 260,000 Unique Investors (As of 31/12/2022)
Fund Size in INR (CR) 7,814.70 (As of 31/12/2022)
Product Label
This product is suitable for Investors who are seeking*:
- Long term capital appreciation
- A fund of funds investing in an overseas equity fund
*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.
Why should you invest in Franklin India Prima Fund?
- The fund focuses on investing predominantly in mid-cap companies which tend to exhibit higher growth rates than well-established large sized companies
- It aims to identify companies at an early stage of the business life cycle as they have a greater potential for growth
- The fund has consistently declared a dividend every year for the last 20 years
What are the “Tax Benefits” of investing in this fund?**
- Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months^
- Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months
- Dividends shall be taxable in the hands of investors and the mutual fund will deduct TDS @ 7.5%^^ for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.
^ Capital gain accrued up to January 31, 2018 is exempt form LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018.
^^ In accordance with the Central Board of Direct Taxes press release dated May 13, 2020, the mutual fund shall deduct TDS at the rate of 7.50% for resident investor w.e.f. May 14, 2020 till March 31, 2021 (earlier 10% from April 1, 2020 to May 13, 2020).
Top 10 companies and sectors where the fund has invested as on 30/11/2020 are given below*:
- HDFC Bank Ltd. (Banks)
- Kotak Mahindra Bank Ltd. (Banks)
- Crompton Greaves Consumer Electricals Ltd. (Consumer Durables & Apparel)
- City Union Bank Ltd. (Banks)
- Info Edge India Ltd. (Media & Entertainment)
- Ramco Cements Ltd. (Materials)
- ICICI Bank Ltd. (Banks)
- Kansai Nerolac Paints Ltd. (Materials)
- Voltas Ltd. (Capital Goods)
- Balkrishna Industries Ltd. (Automobiles & Components)
What is the “Ideal Investment Horizon” while investing in this fund?
The recommended investment horizon is “5 years or more”
Alternative To
-
Investments in predominantly Mid-Cap Companies
Suitable For
-
Retirement Corpus
-
Long Term Wealth Creation
-
Education Corpus
Fund Video
Franklin India Prima Fund is a diversified equity portfolio mainly investing in mid-cap stocks. It identifies companies at an early stage and of their business cycle as the growth potential in such companies is greater. This fund is suitable if you are looking for long term wealth creation. You should consider investing in this fund if your investment horizon is 5 years or more. To know more about Franklin India Prima Fund, watch the video below.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
