A bluechip fund

FUND PICK: Franklin India Bluechip

Net
Assets (%)

BPCL144.318.18 SBI144.228.17 Infosys Technologies123.607.00 Grasim Industries123.136.98 ITC122.586.95 HPCL116.756.62 Hindalco Inds.109.56.21 Hero Honda Motors82.584.68 Larsen & Toubro80.414.56 Tata Power68.253.87 HCL Technologies67.793.84 Reliance Industries62.893.56 LIC Housing Fin57.013.23 HDFC Bank49.102.78 Maruti Udyog43.102.44 ACC42.222.39 Ashok Leyland37.172.11 Satyam Computer33.421.89 MTNL31.041.76 Gail22.471.27  In 2001 when markets crashed, the fund nearly mirrored the index's returns. After 9/11, it lost 16 per cent, but it made up for the losses in the following quarter aided by its top IT holdings like HCL Technologies and Infosys as well as a rally in cement and auto stocks.  Mutual fund investors have also taken notice of the fund's performance and it has become one of the largest equity funds in the country. But since the fund is purely into large caps, the impact cost of transactions should be low.  Outlook: Franklin India Bluechip fund merits a place in every investor's equity fund portfolio.