New Delhi, July 29 -- Investors are often confused about whether to invest in large-cap funds, mid-cap funds, or opt for a mix through large & mid-cap funds.

According to a study by Abakkus Mutual Fund, the large & mid-cap category has historically delivered a balance between the two, offering stronger long-term returns than large-cap funds while witnessing lower volatility than mid-cap funds.

The study compares the performance of the Nifty 100 TRI, Nifty Large Midcap 250 TRI, and Nifty Midcap 150 TRI, which can be considered broad proxies for large-cap funds, large & mid-cap funds, and mid-cap funds, respectively.

The study shows that the large & mid-cap category has consistently ranked between large-cap and mid-cap funds across diffe...