Last week renowned broking firm Sharekhan recommended its top 5 equity mutual fund picks from the large cap funds. The firm has identified the best equity-oriented schemes available in the market based on the following five parameters: the past performance as indicated by the one-year, two-year and three-year returns, the Sharpe ratio and the Information ratio.
ICICI Prudential Focused Bluechip Equity Fund
Sharekhan has accorded a 5-star rating for the fund. The six month return from the scheme has been 9.4 per cent, while the three year returns have been 9.3 per cent. The growth fund of the scheme had a net asset value of Rs 18.27 as on March 15. ICICI Prudential Focused Bluechip Equity Fund is an Open-ended equity scheme.
Franklin India Bluechip Fund
For Franklin India Bluechip Fund Sharekhan has once again accorded a 5-star rating. Since inception the fund has given a return of 24.5 per cent. The growth option under the scheme has a net asset value of Rs 232.81 as on March 15. The Fund is an open ended diversified equity fund.
Birla Sun Life Frontline Equity Fund – Plan A
Birla Sun Life Frontline Equity Fund - Plan A has given a returns of 23.9 per cent since inception. The net asset value for the funds growth option is Rs 98.07 as at March 15, 2013. This is a large cap fund.
SBI Magnum Bluechip Fund
Sharekhan has accorded a 5-star rating for this fund. The net asset value of SBI Magnum Blue Chip Fund Growth option is Rs 16.68 as on March 15. SBI Blue Chip Fund invests in stocks of bluechip companies i.e. in stocks of companies with market capitalization equal to or more than the least market capitalized stock of BSE 100 Index.