This research focuses on determining how well large cap mutual funds performed in India using both the growth and value approaches for investment. The study compares the historical returns that were generated and considers risk adjusted returns and volatility over a certain time frame. It will also provide information about the relative success of using these investment strategies during different types of market conditions. In addition to evaluating the committee's overall way of determining a manager's investment strategy, this paper will evaluate the preferences and behavioral patterns of Indian investors when it comes to growth and value mutual funds. Finally, the study offers specific recommendations for policy makers who wish to improve both performance and appeal of India's large cap mutual fund industry, resulting in an overall more transparent and efficient mutual fund sector.