Sharing his views on Franklin India High Growth Companies Fund, Kaustubh Belapurkar says it has been a quality conscious stock picker. It looks for high quality stocks which record more growth than the industry average. It is making the most of India growth story.
Kaustubh Belapurkar, Director-Manager, Research, Morningstar India, believes that mid and small caps funds, which have outperformed large caps by a great extent in the last 3-5 years, have returned better value for investors, depending on risk profile.
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, says Kaustubh Belapurkar of Morningstar.