PPFAS Mutual Fund is set to launch a new scheme, the Parag Parikh Large Cap Fund, marking its entry into the large-cap equity segment. The fund will primarily invest in the top 100 companies listed by market capitalisation.

According to Value Research Online, the move indicates PPFAS’s intention to extend its established investment process — known for long-term, value-oriented stock selection — into a segment that is typically more benchmark-driven and competitive.

Large-cap mutual funds invest predominantly in well-established companies and are generally perceived to offer relatively stable returns compared to mid- or small-cap funds. However, generating consistent outperformance, or alpha, in this space has become difficult in recent years due to high market efficiency and limited valu

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