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This Mid-Cap Fund Has 27.97% SIP Returns In 3 Years, SIP Starts At Rs 500
Mid-cap mutual funds invest in mid-cap firms. These funds invest anywhere from 65 percent to 95 percent of their portfolio in mid-cap firms, despite the fact that, under current SEBI guidelines, mid-cap corporations must have at least 75 percent of their portfolio in mid-cap equities. These funds strive to outperform benchmarks such as the BSE Mid-Cap Index by tracking them. Here, in this article, we have given insights and details such as returns, and the portfolio of a mid-cap fund. This mid-cap fund has delivered good returns in the last 5 years.
Franklin India Prima Fund - Direct - Growth
As mentioned, this is a mid-cap fund launched on 01 December 1993 by the Franklin Templeton Mutual Fund. This is an open-ended medium-sized fund of its category. This fund has worth Rs 7328.47 Crore Asset under Management (AUM). The Net Asset Value (NAV) of this fund declared on 06th May 2022 is Rs 1473.089. The fund has an expense ratio of 1.04%, which is higher than its category average expense ratio.
The fund's objective is to offer medium to long term capital appreciation as a primary objective and income as a secondary objective. The fund is rated highly risky for investment. However, it is also rated 1-Start by the rating agency CRISIL. This fund's benchmark is NIFTY Midcap 150.
The investment in this fund starts with a minimum investment amount of Rs 5,000. The minimum SIP amount required is Rs 500. The fund has no lock-in period. It charges 1% for the redemption of investment within 365 days.
Absolute And Annualised Returns
Lump-Sum Investment Returns
The fund has delivered 6.93% returns in the last 1-year. Whereas, since its launch, it has delivered 17.24% average annual returns. The fund has doubled the money invested in it every 3 years.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 6.93% | 6.93% |
| 2 Year | 84.20% | 35.72% |
| 3 Year | 47.61% | 13.85% |
| 5 Year | 57.99% | 9.57% |
| Since Inception | 342.13% | 17.24% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | -6.53% | -11.90% |
| 2 Year | 16.23% | 15.22% |
| 3 Year | 27.97% | 16.70% |
| 5 Year | 36.30% | 12.34% |
Portfolio
The fund has 97.01% investment in equities of which 10.38% is in large-cap stocks, 63.07% is in mid-cap stocks, and 14.55% is in small-cap stocks.
The fund has the majority of its money invested in the Financial, Services, Consumer Discretionary, Automobile, and Materials sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top holdings are Crompton Greaves Consumer Electricals Ltd., Voltas Ltd., Federal Bank Ltd., Deepak Nitrite Ltd., and Mphasis Ltd
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
