Comparison between Franklin India Bluechip Fund and SBI Magnum Contra Fund
Franklin India Bluechip Fund
Franklin India Bluechip Fund is an aggressive growth fund launched on 16 Nov, 1993. Fund has great experience in the capital market. Last one year return by this fund is 11.6%. Last one year return by nifty is 7.9%. It shows the strength of this fund. There was a negative storm in the global markets in 2008. Nifty gave a negative return of 51% in that period .The fund only gave 48.1% negative return in 2008. In 2009, nifty gave a return of 75% where the fund gave first class return of 81.3%. The fund gave 19.1% and 16.4% annualized return in the last two and five years respectively.
Bharti Airtel, Infosys Technologies, ICICI Bank, Reliance Industries, Grasim Industries, kotak Mahindra Bank, HDFC Bank, Hindustan Zinc, State Bank of India, Crompton Greaves, GAIL India, BHEL, Cummins India, Coal India, Hindustan Unilever, Asian paints, NTPC, and Bajaj Auto are the important stocks included in the portfolio. Banking/ finance, Oil & Gas, Telecom are the sectors preferred by this fund. 90.24% of the amount is invested in the equities. Bharti Airtel is the most respected telecom stock in India. 8.03% of the amount is invested in Bharti Airtel.NAV of the fund closed @ 213.10 (3 June, 2011).
SBI Magnum Contra Fund
SBI Magnum Contra Fund is an attractive growth fund. It is an open ended fund managed by Pankaj Gupta. Fund launched in 1999. It gave steady returns to its investors. The fund gave 13.2% and 8.3% annualized return in last five and two years respectively. Fund’s last one year performance was very bad. Fund gave negative return of 0.1%. It was because of the underperformance by Reliance Industries. The stock has 7.35% weightage in the portfolio. It is expected that Reliance Industries will perform very well in the coming years. Because this is the largest company in the India and managed by Mukesh Ambani. Diesel price deregulation may be happened in the coming years. This will help Reliance to go higher levels.
Reliance Industries, ICICI Bank, Oil & Natural Gas Corporation, Bharti Airtel, ITC, NTPC, Hindustan Unilever, Indian Hotels Company, HDFC Bank, Hindustan Zinc, L & T, Jaiprakash Associates, Hindustan Petroleum Corporation, Gail India, Indian Oil Corporation, BHEL, NHPC, Reliance Infrastructure, and Zee Entertainment Enterprises are the main stocks included in its portfolio. Oil & Gas, Banking/ Finance, and Engineering are the main sectors preferred by this fund. NAV of the fund closed @ 54.67 (June 3, 2011).