Morningstar has done intensive research on largecap funds like Birla Sun Life Frontline EQ , Franklin India Bluechip , ICICI Pru Top 100 and SBI Bluechip Fund . Kaustubh Belapurkar of Morningstar Investment Adviser tells us the rationale for investing in them. According to him an investor should give a bigger allocation to largecap funds in his portfolio because they hold lower risks. Even a first-time investor can dabble in them because they have lower risks than other funds, he adds. The house tracks the importance of a fund by its ability to protect capital, says Belapurkar. Most funds are comfortable holding private banks than public sector banks, says Belapurkar. However, in an exception of sorts, HDFC Mutual Fund holds SBI, Punjab National Bank and Bank of Baroda. Although these holdings have impacted the fund’s performance, Prashant Jain who manages the fund is convinced of a turnaround in them, says Belapurkar.
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