Long-term investors who do not have a framework or do not want to go through the troubles of individual stock selection but want to allocate to the mid-cap and small-cap spaces for the long term can opt for multi-cap funds. Long-term investors who do not have a framework or do not want to go through the troubles of individual stock selection but want to allocate to the mid-cap and small-cap spaces for the long term can opt for multi-cap funds. Economic Times