New Delhi, Aug. 2 -- After years of mid- and small-cap stocks leading the market rally, large-cap companies could be poised for a stronger phase of performance, according to the latest 'Thinking Aloud' note by Axis Mutual Fund.

The fund house believes India's long-term growth story remains intact, but changing global conditions, attractive valuations and improving domestic economic indicators are creating a stronger case for large-cap companies.

At the same time, it advised investors against taking an extreme market-cap view and instead maintaining a balanced portfolio.

The report highlighted six factors that could support large-cap companies in the coming years.

"Historically, the earnings trajectory of large-cap companies has been c...