Large-Cap Funds vs Mid-Cap Funds vs Small-Cap Funds vs Multi-Cap Funds: What’s the Difference? Large-Cap Funds vs Mid-Cap Funds vs Small-Cap Funds vs Multi-Cap Funds: What’s the Difference? If you're new to investing or trying to understand different types of mutual funds, you've probably come across terms like large-cap, mid-cap, small-cap, and multi-cap funds. Kiran Shroff / Monday, February 3, 2025 / Article rating: 5.0 Each type has its own characteristics, and understanding these differences can help you make informed investment decisions based on your goals, risk tolerance, and time horizon.