Considering the above, we deemed it fit to move it to the large-cap category, given the primarily fact that portfolio changes are not required, and we are not diluting our endeavour to generate decent risk-adjusted returns.
While reviewing this change, we also realised that the leeway to invest in mid-caps in a typical large-sized multi-cap fund is 25-28 per cent, vs. The important point is that the gap is only 5-10 per cent if we consider the current industry pattern.
But over the past year, more questions have been coming in, and there is improvement.
Many of these platforms (including robo-advisors) — many of whom we work with — review their businesses and practices regularly and significantly. I don’t think that one form of distribution has to die for the other to exist.
Both will flourish and cater to different market segments. It is the investor’s best friend, more specifically the SIP investor’s best friend. Sell India at your own risk, I have been saying this for the last 10 years.