Large-cap winner

Franklin India Bluechip has outperformed its category and benchmark during four of the past five years.

FUND FACTS
Inception: November 1993
Category: Equity Large-cap
Type: Open ended
AUM: Rs 3,326.76 crore
Benchmark index: BSE Sensex

WHAT IT COSTS
NAV: Rs 221.98 (G) | Rs 44.44 (Div)
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 500
Expense ratio: 1.85 per cent
Exit load: 1 per cent if redeemed within one year

How has the fund performed?
The fund has delivered a 3-year annualised return of 5.13 per cent, compared with the category average of -0.24 per cent.

Meet the fund manager
Anand Radhakrishnan, the fund manager, does not follow the crowd and is focused on long-term value. "We are bottomup investors, so our sectoral exposures reflect our fundamental analysis over market cycles," he says.

Who should invest in it?
An excellent pick for investors who want to beat the market over the long term without taking undue risk. During the 2008 crash, when most funds were piling up cash, Franklin India Bluechip fund manager Anand Radhakrishnan went bargain shopping in order to increase the exposure to financial services.

This, along with the 25 per cent exposure to mid-caps, helped the fund deliver a return of 84 per cent last year, compared with the category average of 73 per cent. "Given the low penetration of banking and financial services in India, companies in this sector have a huge growth potential," says Radhakrishnan.

Data and analysis of the fund have been sourced from Value Research

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