Does it make sense to choose large cap schemes over mid, small cap mutual funds now?

It is a perennial dilemma faced by some mutual fund investors: should one choose large cap or mid cap or small cap mutual fund schemes to invest? The query gains urgency as large cap schemes are faring better than mid cap and small cap schemes lately. A participant at ET Wealth Investment Workshop held in Pune had a similar doubt: does it make sense to invest in large cap mutual funds over mid and small cap schemes at this point, he asked Krishna Sanghavi, head-equities, Canara Robeco Mutual Fun .. 

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