Franklin Templeton’s Bluechip and Prima Fund are about to complete 20 years of existence. Both funds were launched in November 1993.
Franklin India Prima Fund invests in small and mid-sized companies across sectors and across stocks within a sector. The fund is managed by R. Janakiraman and K. N. Sivasubramanian. According to the fund house, Prima fund has 93000 investors while the Bluechip fund has around three lakh investors.
Mr. K.N. Sivasubramanian, Chief Investment Officer, Franklin Equity – India, Franklin Templeton Investments said, “Whilst the journey has been satisfying for both us and investors, the past 20 years have been a chastening experience. Markets often throw up surprises and investing is a continuous learning process. The track record of these two funds is an indication that equities can potentially yield good results over a longer time horizon. The experience of investing through market cycles has helped us realize that the key to successful investing is a level head, ability to ignore the noise and having a long term perspective.”
As on September 2013, Franklin India Bluechip manages Rs. 4,827 crore while Franklin India Prima manages Rs. 769 crore. According to Value Research, the former has delivered 22% CAGR while the latter has posted 19% CAGR.
Franklin Templeton started operations in India in 1996 and subsequently acquired Pioneer ITI in 2002. The fund house currently manages Rs. 43688 crore, making it the seventh largest AMC in terms of AUM.
