This article discusses the performance of Indian Largecaps over the last 2 years, compared with midcap and smallcaps, why largecaps have lagged and why midcaps and smallcaps have outperfromed. The article suggests diversification not just in different assets but also within equity segment

When evaluating the performance of large cap mutual funds, we typically compare them against the Nifty 100 Index, which serves as their official benchmark. This makes sense on paper — after all, SEBI mandates that large cap funds must invest at least 80% of their portfolio in the top 100 companies by market capitalization, represented by the Nifty 100 universe. However, this comparison isn’t entirely apple-to-apple . Large cap funds are allowed to invest up to 20% of their c