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.
