In the present market condition, one should be more skewed towards multi-cap and large cap funds. At the same time, given the market euphoria, we run a balanced advantage fund which is supposed to be moving equity exposure from a low of about 40% to a high of 85% during the peak period. Today, we are running it at 40%, says A Balasubramanian, MD & CEO, Aditya Birla Sun Life Mutual Fund.