Tuesday, Mar 21, 2023 05:45 [IST]
Last Update: Tuesday, Mar 21, 2023 00:07 [IST]
India is expected to grow the
fastest in the next couple of years. Given the supportive government policies such as production linked incentive scheme (PLI),
insolvency and bankruptcy code (IBC), consolidation of PSU banks, roll-out of
GST, land reforms and the ‘Make in India’ campaign have led to rejuvenation of
the private capex cycle. The swift economic recovery post the pandemic is a
clear indication how the resultant impact of all these policies helped India
emerge stronger. Further, a
favourable lower debt to GDP ratio can help India attain better financial
stability. Investing in India's growth story through suitable exposure to
equity is the best way to create long-term wealth.
However, in the near-term, markets are likely to remain
volatile given the uncertainties emerging from the stimulus stance by global
central banks amid geopolitical tensions. In such times, it is always advisable
to structure your equity portfolio with a set of diversified mutual funds
taking into consideration the risk appetite and goals. When it comes to equity
investment, it is important to invest in a mix of names across the large and
midcap for wealth creation and achieve life goals.
Large Caps are established businesses and sector leaders
while midcap companies have the potential to become tomorrow's large caps.
Thus, exposure to both sets of businesses enables investors to have stability
and growth factors. However, for a lay investor, keeping track of the market
and taking necessary investment calls is not easy. It is here that Large &
Midcap Equity schemes come to the rescue. Introduced in October 2017, by the
market regulator SEBI, such schemes professionally manage your investment while
you get exposure to both sets of companies at one place.
Investors who are seeking stability and growth should
consider Large & Midcap Schemes. While there are several offerings in this
category, a consistent performer has been the ICICI Prudential Large &
Midcap Fund. The scheme is well placed
to reap the benefits of India's growth story and help fulfil your goals.
