Tuesday, Mar 21, 2023 05:45 [IST]

Last Update: Tuesday, Mar 21, 2023 00:07 [IST]

Large & Mid-Cap Fund — A bet on India's growth story

Chandan Ghosh, Founder & Director , Prudent Wealth

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.

Sikkim at a Glance

  • Area: 7096 Sq Kms
  • Capital: Gangtok
  • Altitude: 5,840 ft
  • Population: 6.10 Lakhs
  • Topography: Hilly terrain elevation from 600 to over 28,509 ft above sea level
  • Climate:
  • Summer: Min- 13°C - Max 21°C
  • Winter: Min- 0.48°C - Max 13°C
  • Rainfall: 325 cms per annum
  • Language Spoken: Nepali, Bhutia, Lepcha, Tibetan, English, Hindi