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Shanthi Venkataraman

AN enhanced exposure to technology sector stocks was the major change in the portfolio of Franklin India Bluechip Fund in May.

The fund is one of the top performing large- cap funds.

The fund has taken advantage of the correction in the markets to add the stocks of Tata Motors, Dr Reddys, ICICI Bank and HDFC to its portfolio.

It has also enhanced its exposures in technology stocks such as Infosys and Satyam, even as it pared exposures in the stock of HCL Technologies. All the three tech stocks form a part of the top ten holdings of the fund.

The fund has completely liquidated its holding in the stock of Maruti Udyog. The stocks in which the fund has reduced exposures include that of L&T, ACC, ONGC and Tata Power.

Exposures have been enhanced in the stocks of SBI, Reliance Industries, Asian Paints, GAIL and MTNL. Stocks in which exposures remained unchanged include that of Hindalco, HDFC Bank, TV Today, CMC, Grasim and Hero Honda.

The top ten holdings in the fund are Infosys, SBI, Grasim, ITC, BPCL, Satyam, HCL Technologies, Hero Honda, Reliance and Hindalco.

The stocks of Reliance and Satyam are the latest to join the top ten holdings, while that of HPCL and L&T which were previously in the top ten have been edged out.

Fund facts: The fund was launched in 1993. The size of the fund is about Rs 1,668 crore. The minimum investment amount is Rs 5,000. The entry load is 2.25 per cent; exit load is nil. The fund manager is Mr K.N. Siva Subramanian.

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