Hi Chandan,
For the large cap fund, you can look at ICICI Pru Top 100 fund instead of Franklin India Bluechip.
Following reasons (based on style analysis of funds using
http://www.thefundoo.com/Fundoscope.aspx)
1. Franklin India has generated most of the out-performance from dividend returns and not from sector allocation or stock selection skills. ICICI Pru Top 100 has generated higher returns/alpha and majority of it from the Stock Picking skills/actions (1 yr return and analysis you can further deep dive)
Details at following links:
http://www.thefundoo.com/Fundoscope_app.aspx?Fund=56&Name=Franklin-India-Bluechip
http://www.thefundoo.com/Fundoscope_app.aspx?Fund=93&Name=ICICI-Prudential-Top-100-Fund
2. There are other aspects like the % wt. invested in Index which is 53% for Franklin Bluechip and 85% for ICICI PRU. I would give higher credit to a fund manager who outperforms by being within his benchmark index.
Also read this for Franklin :
http://bseindia.morningstar.co.in/m...ia-bluechip-fund-growth/analyst-research.aspx
3. The alpha generated by Franklin from the index is negative, however the same is high positive for ICICI Pru Top 100
Since I would highly recommend to base investment decisions on the basis of skill and style rather than just NAV based statistics, ICICI Pru Top 100 would be my pick.
You can do more such analysis using the above mentioned website tool which is coming up with quite a number of schemes already live.
You can refer to the following link where, in an answer, I have explained in some detail, why we must look at this way of analysis mutual funds;
http://www.jagoinvestor.com/forum/current-2012-best-equity-mutual-fund-to-invest-in/5411/
Feel free to ask for more questions.
Best Regards,
Sharad
