Why large cap and mid cap funds could be the best mutual fund to bet on now, according to Abakkus study

Abakkus Mutual Fund's internal study recommends Large and Mid Cap Funds as attractive investments, citing improving earnings of 14-16 percent against muted share price gains of just 1-2 percent over the past two years. Around 59 percent of stocks in this universe are trading more than 20 percent below their all-time highs, while large and mid-cap companies together account for nearly 79 percent of India's listed market capitalisation. The study notes Indian equities are transitioning into an earnings-driven phase, favouring active stock selection.