It has been a little over a year since Sebi’s fund categorisation and classification norms kicked in. This exercise led to portfolio repositioning in a lot of schemes and also introduced a new category—large and mid cap. Mandated by Sebi to invest at least 35% each in large-cap and mid-cap stocks, these funds share many similarities with multicap funds. It was pointed out then that these funds were too similar to be separate categories. A look at the portfolios of the two offerings of each fund ..
