Three years ago I was searching for a mid cap mutual fund and I came across Franklin India Prima Fund1. I decided to go ahead with it as it was one of the oldest funds starting way back in 1993. Initially I used to invest only lumpsum amount as when I had surplus. But starting Aug-2021 I decided to start an SIP in the fund. During the market crash of COVID-19, I continuously invested in the fund accumulating units at a lower price.
Franklin India Prima Fund has been outperforming the Nifty 50 Index ever so slightly. But a better comparison will be another actively managed madcap fund. So, I am comparing it against PGIM India Midcap Opportunities Fund2. And against that, Franklin India Prima Fund has underperformed by a huge margin. Had I invested in PGIM India Midcap Opportunities Fund I would have made an XIRR of 45% compared to 25% of Franklin India Prima Fund. Ouch!
But despite the underperformance, I am planning to continue my SIP in near future with hope that it is able to match the performance of its peer mutual funds.
Returns
Profit Percent
XIRR
Footnotes
- I am investing in direct plan.
- I am comparing the direct plans of Franklin India Prima Fund and PGIM India Midcap Opportunities Fund