What is the minimum mid-cap allocation for a fund to be called a mid-cap fund?

Answer transcript: Most funds claiming to be mid-cap funds are substantially in mid-caps. But let me cite you an example. One of the largest mid-cap funds is HDFC Mid-cap Opportunity, which by its very design is 30% in large caps to provide you with liquidity. It becomes difficult to sell mid-cap stocks in tough market conditions at any price and funds can get into a negative spiral.

This article was originally published on August 18, 2017.