What is a large- and mid-cap fund The Securities and Exchange Board of India (SEBI), the regulatory authority for mutual funds in India, has classified mutual funds into various categories based on their investment objectives, asset allocation, and market capitalisation. As per SEBI’s classification, large- and mid-cap funds are open-ended equity schemes. Also, these funds must allocate a minimum of 35 per cent of their assets to large-cap stocks and a minimum of 35 per cent to mid-cap stocks.
According to SEBI, large-cap companies are defined as the top 100 companies in total market capitalisation. In contrast, mid-cap companies are ranked from 101st to 250th in terms of market capitalisation. The segregation between the companies is done twice a year—January 1 and July 1. This list is made available on amfindia.com for reference.
Benefits of Investing in Large and Midcap Fund
This story is from the July 16, 2023 edition of THE WEEK India.
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This story is from the July 16, 2023 edition of THE WEEK India.
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