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In this edition of Ask Money Today, find out how listed companies are classified in the stock market, and how you should choose between equity schemes
"In a strong market, the swing and upside in mid caps and small caps can be that much greater. They can deliver higher returns, as has been seen in the increasing investments in mid and small cap stocks and funds in recent times," says Ankit Jain, Fund Manager, Mirae Asset Investment Managers (India).
Some banking and finance sector funds are actively managed. Among passive schemes, some track Nifty Bank Index, Nifty PSU Bank Index and Nifty Private Bank Index.
The performance of the Canara Robeco Multi Cap Fund is benchmarked against the NIFTY 500 Multicap 50:25:25 Index TRI.
Mirae Asset Flexi Cap Fund, (An open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks) aims to offer a mix of value and growth stocks at favourable valuations which are spread across market capitalisations. The New Fund Offer (NFO) for the fund closes for subscription on February 17, 2023. Read on to know why you may consider investing in it!