Multi-cap funds have gained favour among investors and distributors in the past two years owing to their flexibility to invest in stocks across market capitalisations. Fund managers get the leeway to tilt the portfolio towards large-, mid- or small-cap shares depending on a host of factors.
Franklin India Focused Equity, a multi-cap fund, has a large-cap lean, comprising about two-thirds of its portfolio. Fund manager Roshi Jain, however, clarifies that the fund is market-cap agnostic, with no pre-defined percentage for large- or mid- or small-cap allocation.
“The fund dynamically manages its market cap allocation based on the risk-reward offered by

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