Finally, multicap mutual fund schemes are getting their due. There was a time when every mutual fund investor used to own units of a multicap scheme. Mutual fund advisor used to reason that if a person is holding just one mutual fund scheme, it better be a multicap scheme. However, slowly these funds lost their relevance as laregecap, midcap and smallcap schemes gained more popularity among investors. This trend was finally reversed in 2017. Mutual fund advisors once again started strongly recommending multicap schemes during the year.
Blame it on demonetization or relentless campaigns like 'mutual fund sahi hai', many new investors are getting into mutual funds like never before. However, many of them have their eyes set on the returns posted by schemes in the past year. They have been pestering advisors that they would like to invest in small and midcap schemes for better returns.