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Franklin India Prima Plus Review

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Franklin India Prima Plus

About Franklin Templeton Mutual Fund  

With its establishment in 1996 Franklin Templeton shares its association with India as the investor with more than two decades. The commencement of mutual fund business in India occurred when the Templeton India Growth Fund got itself launched in India in the same year. Apart from this, the company also started in-house shareholder service, especially for their clients.  

Some of the Features can be read as: 

  • Franklin Templeton mutual funds is one of the largest and trustworthy fund houses. 
  • Being present in 42 research offices, 12 global trading offices, 15 local asset management teams, and 170 plus countries being served with its best. 
  • The first-hand understanding of local culture, economies and companies sets them apart as a truly global partner.  
  • Perfectly and safely backed with years of strong research by offering differentiated mutual fund products.  

About Franklin India Prima Plus 

Franklin India Prima Plus is an equity mutual fund scheme that was launched by Franklin Templeton mutual fund. Later on, it was introduced on 1st Dec 1993 to its investors. Currently, the fund is managed by Srikesh Nair, R Janakiraman, and Hari ShyamsunderTalking about AUM, it is of INR 7583 Cr, and, the latest NAV is of INR 987.10 (dated as of 4th Feb 2020). The fund growth is rated as moderately high risk. Also, the minimum SIP investment is INR 500, and, minimum lumpsum investment is INR 5000. Exit load of 1% only if redeemed within a year.  

Investment Objective 

The objective of the mutual fund scheme is to achieve a high degree of capital-appreciation through investments in smaller & faster growing companies.  

Tax Implications 

Returns are clearly taxed at 15%, only if you redeem before a year. After a year, you are required to pay LTCG tax of 10% on returns of INR 1 lakh+ in a financial year.  

Top Holdings 

Name  Sector  Instrument  % Assets 
HDFC Bank Ltd.  Financial  Equity  3.5% 
Kotak Mahindra Bank Ltd.  Financial  Equity  3.0% 
City Union Bank Ltd.  Financial  Equity  3.0% 
Kansai Nerolac Paints Ltd.  Chemicals  Equity  2.8% 
The Ramco Cements Ltd.  Construction  Equity  2.7% 
Tata Chemicals Ltd.  Chemicals  Equity  2.6% 
Bharat Petroleum Corpn. Ltd.  Energy  Equity  2.5% 
Voltas Ltd.  Cons Durable  Equity  2.5% 
Indian Hotels Co. Ltd.  Services  Equity  2.4% 
Wabco India Ltd.  Automobile  Equity  2.4% 

 

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

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