I have short listed Multicap mutual fund for SIP investment with Time horizon of 7-8 years.
Fankline India Prima plus is considered as good performer in multicap as per many blogs on internet , but as per website of Franklin this is a large cap fund.
Same is case of Kotak select focus fund also.
Shall we consider Franklin India prima plus & Kotak Select focus as Multicap fund or not?
Regarding other Multicap funds my comments are as under
Birla Sunlife Advantage & ICICI prudential Dynamc fund are not doing well in last 2-3 years.
SBI Magnum Multicap is steady performer
DSPBR opportunities is good with more conservative approach
Principal Emerging blue chips is also good but it is relatively younger fund & not exposed much to bear market.
Pl. advise me to select multicap fund between SBI Magnum or Principal Emerging blue chip or DSPBR opportunities OR any other better multicap you feel better.
Multicap Mutual Funds have a mandate to move any market cap as per opportunity. Hence, few portals may be mentioning them as large cap (as of now). However, you can go ahead with Franklin India Prima Plus. Invest in equity for 7-8 years (as per your claim), with proper debt and equity allocation.