Franklin India Bluechip Fund (FIBF) seeks aggressive growth and aims to provide medium to long term capital appreciation through investment in shares of quality companies and by focusing on well established large sized companies. Stated asset allocation will be minimum 85% in equity and maximum 15% in debt. By and large this fund delivers returns superior to the category average and occasionally comes at the top slot also. Bluechip fund was launched in November 1993. Mr.Anand Radhakrishnan and Mr.Anand Vasudevan are the fund managers. Energy, Financial services, Communication, Technology and Engineering are the top sectors in the portfolio.
Investors can buy the units of Franklin Bluechip given its long-term track record of delivering steady returns. Over one, three and five year timeframes, the fund has outperformed its benchmark, the BSE Sensex. The fund's large-cap focus may pay off in the current market environment as such stocks have better earnings visibility and limited volatility. After the slowdown of 2008-09, large-caps from the Sensex, Nifty and BSE-100 baskets have done better than the broader market.
FIBF can be considered for SIP by any investor based on its strong focus on large-cap stocks. Bluechip fund has the potential to bring stability to the overall portfolio and deliver stable long-term returns.
A performance comparison table between FIBF and its peer group is given below.
If you had invested Rs.5000/- per month in FIBF on the 1st of every month through Systematic Investment Plan,
FRANKLIN INDIA BLUECHIP FUND | |||
SIP Performance | |||
SIP (in Years) | Amount Invested | Present Value | CAGR(%) |
3 | 180000.00 | 259138.33 | 25.22 |
5 | 300000.00 | 457639.10 | 16.94 |
7 | 420000.00 | 870080.26 | 20.46 |
10 | 600000.00 | 2531894.85 | 33.66 |
( NAV as on June 1, 2011: Rs.215.02)
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