If you have an investment horizon of more than 7 years, you can consider investing in large & mid cap mutual funds. Long term goals like buying a house, child’s education or early retirement can be met by investing in large and mid cap mutual funds. 

Large and mid cap funds invest in India's top 250 companies. Thus, these funds diversify their assets across different sectors in mid to large-size companies. This mitigates risks from a market downfall.

Use the mutual fund comparison tool to analyse the returns during the last five to seven years and compare the same to the benchmark returns such as nifty 200 index as well as the category average of Large & Mid cap mutual funds. 

Expense ratio is a percentage of your investment used to cover the costs of running the fund.. A lower expense ratio is generally better, as it means more of your money is working for you, and less is going toward fees. The expense ratio of Large & Mid cap funds is usually less than 1%

The performance of Large & Mid cap mutual funds depends on the manager's ability to make sound investment decisions without which the fund may struggle to outperform the market.

Large & Mid-cap funds are best suited to long-term investments of at least 7 years. 

Large & Mid cap funds are not suited for short-term investment. They give adequate returns when invested for a minimum of 7 years. 

Large & Mid cap funds are riskier than large cap funds as this mutual fund invests in mid cap stocks too which are relatively less stable and hence more volatile.

These funds may give less returns than other equity funds like mid cap and small cap funds but are also lower risk.