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Franklin India Prima Plus - Gain From Restraint

| 11/7/2011 11:03 AM Monday

If you are looking at a fund that can sail you through the current volatility, Franklin India Prima Plus is one fund that you surely can look at. It is a consistently- performing fund that can be considered for long-term investment by any moderate risk-taking investor. Launched in September 1994, the fund has done well to beat its category and benchmark returns consistently.

This is not one of those funds that will sport flashy returns, but it will surely help in restraining losses in bad market conditions, and in good times, will yield above-average returns as compared to its category. The best example is that the fund’s NAV eroded by 47.71 per cent and 6.27 per cent in the recent downfall of CY08 and in the last one-year period respectively, as compared to its category average NAV that was battered by 52.57 per cent and 12.18 per cent correspondingly. Over the three- and five-year periods, the fund has outpaced the category by 399 bps and 159 bps respectively.

This is predominantly a Large-Cap fund, flaunting a diversified portfolio of nearly 50 stocks. In September 2011, the fund was majorly invested in 56 stocks, wherein the top 10 stocks contributed to almost 44.35 per cent of the assets, while 70 per cent of its equity portfolio was invested in Large-Cap stocks. Anand Radhakrishnan, who has over 15 years' experience in fund anagement, has been managing this fund since April 2007. Beginning February 2011, R Janakiraman has joined him in co-managing the fund.

 

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