I wanted to know what exactly Large Cap, Mid Cap and Small Cap funds are? I tried to google it and I admit to be very weak in understanding the technical terminologies used in Finance domain. Also Please let me know the difference between Large cap and Balanced funds.
Secondly, I am ready to invest 5000 per month. I would like to start with the mutual funds that are moderately risky. I read your article Top 10 Best SIP Mutual Funds to invest in India in 2018.
What I finally concluded is to invest in ICICI Pru Foccussed Bluechip Fund (G). Would it be fair enough to invest and expect good returns? As far as timeline is considered, I would like to invest for 5 years now.
Please review and revert.