The scheme aims to provide growth of capital and regular dividend from a portfolio of equity, debt and money market instruments and focussing on wealth creating companies across all sectors and market cap ranges

 

If you are looking for consistency, it is hard to beat Franklin India Prima Plus. The fund has lagged behind its benchmark only in three of the last 19 years. It has been solidly lodged at a 4-star rating for the last ten years.

Strategy: The fund usually maintains a fixed allocation between large-, mid- and small-cap stocks. It tends to be overweight on mid and small caps relative to the category. In recent months, it has retained 55-65 per cent of its portfolio in large-cap stocks, 25-35 per cent in mid caps and the remaining in small caps. The fund invests in wealth-creating companies whose competitive advantages are likely to translate into superior return on capital. In recent months the fund has pruned small-cap exposure in the favour of mid caps. The fund tends to lean towards growth rather than value and avoids companies with governance issues.

Performance: The fund has outperformed its category by a margin of 10.6 per cent in the last one year. Three-year and 5-year returns are also ahead of the category by 4.4 and 3.7 per cent, respectively. The fund is a consistent benchmark beater, ahead of its index by over 6 per cent over 5-, 7- and 10- year time frames. The fund has seen relatively few manager changes in the last 19 years.

What we don't like: The fund tends to maintain a steady-state allocation between large, mid and small caps. Why invest: The fund's track record of consistent outperformance over three market cycles and stable management team make it a great fund for conservative investors.

ICICI Prudential Balanced Advantage Fund

 

 ICICI Prudential Balanced Advantage Fund - A fund which follows a disciplined approach of buying low and selling high based on Market Movements.

Suitability in the Current Environment - The short term volatility would continue in the market going forward. Some of the reasons which can be attributed to the same are mentioned below. ICICI Prudential Balanced Advantage Fund is an apt product in the current environment.

• Uncertainty around Monsoon
• Weak Corporate Earnings
• Political headwinds faced by the Government
• Oil Price Fluctuations
• Uncertainty on timing of US Federal Reserve's decision on interest rate hike

Monthly Dividend Feature –Track Record of Month on Month Tax Free Dividend.

    This Fund introduced a monthly dividend feature in the fund from April 2013 and declared the first monthly dividend on May 31, 2013.

     An Investment of Rs. 10 Lacs in the fund has yielded a Tax Free dividend of Rs. 1.63 Lacs and the Current Valuation of Rs. 13.68 Lacs. (Past performance may or may not be sustained in future)