1 vote
One of the major issues in the mid-cap space is liquidity. The fund manager of Birla Sun Life Mid Cap recognises this and limits exposure to single stocks to five per cent. The fund has a large-cap limit of 25 per cent, which it had touched before the March 2009 rally began. However, in the next few months, large-caps were reduced to a meagre one per cent. This helped the fund deliver 120 per cent in 2009 (category average, 97 per cent).