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Equity mutual fund categories in April had varying performances. Small cap funds led, while mid cap, contra, and multi cap funds also showed good results. Additionally, value funds and tax saving or ELSS funds performed well in the said period.
Multi-cap mutual funds can serve as a beneficial tool for investors aiming for diversification and long-term capital appreciation through a single investment.
Multi cap mutual funds invest a minimum of 75 percent in equity & equity related instruments with 25 percent in each of the three categories of market capitalisation i.e., small cap, mid cap and large cap.
Investors can participate with a minimum SIP of Rs 2,500 and in multiples of Rs 1 thereafter
Feroze Azeez says: “In a year like this one, large and mid cap is going to outperform large cap because there has been a broader market rally unlike the last few years. If the broader market rally continues, which is likely if governance or government continues, mid cap and the broader market should continue the performance.”