These mid-cap funds have unusually higher large-cap presence

Very few people know that mid-cap funds can also invest in large-cap stocks.

While at least 65 per cent of their portfolio needs to be in mid-cap stocks (101-250th ranked companies in India), they can invest the remaining money in large- and small-cap stocks.

As of April 30, 2023, mid-cap funds, on average, had around 14 per cent exposure to large-cap stocks.

However, we have listed four mid-cap funds that have a higher-than-average exposure to large-cap stocks, which implies two things: a) these funds may be playing it a little safe, or b) they are minimising their high-risk strategy by investing in the relatively-safer large-cap stocks.

Suggested read: These small-cap funds have high large-cap exposure