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Franklin India Prima: Average performer

It is certainly better than a whole lot of other funds that fall in this category, it currently does not rank among the best

Is it worthwhile investing in Franklin India Prima? How does it compare with its peers?
-Huzeifa Khyrullah

Franklin India Prima falls in the mid- and small-cap category. The fund had a great start but turned out to be a very average performer. In recent times, it has shown some improvement and did very well in 2009. While it is certainly better than a whole lot of other funds that fall in this category, it currently does not rank among the best. Below are the best picks in the mid- and small-cap category.

From the schemes mentioned below, two schemes have slightly different investment mandates. ICICI Prudential Discovery is a value fund where the fund manager scouts for undervalued stocks. The objective of ING Dividend Yield is to invest at least 65 per cent of its assets in high dividend paying companies.

Schemes  Fund Rating  3 Year Ret (%)  1 Year Ret (%)
Birla Sun Life Mid Cap Plan A * * * * 14.40 37.86
DSP BlackRock Small & Mid Cap  * * * * * 18.27 61.84
ICICI Prudential Discovery * * * * * 20.88 46.59
IDFC Premier Equity Plan A * * * * * 25.27 53.31
ING Dividend Yield * * * * * 23.91 53.54
Reliance Growth * * * * 16.78 35.15
Sundaram BNP Paribas S.M.I.L.E * * * * * 20.93 34.90
Franklin India Prima * * * 8.53 43.41
Mid & SmallCap Category Average  9.70 29.50
Rating as on July 31, 2010
Return as on August 16, 2010


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