Here's a monthly update on our recommended large and mid cap mutual fund schemes. And the happy news: there is no change in the recommendations this month. As the name suggests, Large & Mid Cap mutual fund schemes would invest in a mix of large and mid-sized companies. These schemes may sound similar to the erstwhile multi cap mutual fund schemes. The newly formed category has also been hit by the recent correction in the equity market. The large & mid cap category has offered -0.34 per cent returns in one year.