Mid-cap stock valuations have risen sharply over the last couple of years making them expensive compared to the largecap stocks. The Nifty Midcap 150 now trades at a PE of 34.68 which is at a sharp premium in comparision to the Nifty 50 PE of 22.43. Financial planners believe investors should play safe by staying with large-cap oriented equity mutual funds. ET takes you through five such mutual fund schemes that have given an annualised return of more than 20 per cent over the last three years.
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