I watched that part. A large cap fund might be restricted to the large cap stocks. However as @ChaitanyaC pointed out, there are wide variety of mutual funds and not all of them have to stick to the same 50 stocks.
For example a Flexi cap fund can invest in any of the 4000+ listed companies.
I skimmed through the rest of the video and he speaks of a cautionary tale. Figuring out the right valuation is a challenge and even tougher is to trust what you know and stay the course. By staying the course I mean to stay invested even when the market corrects.
Lets see how this turns out. In the mean time educate yourself
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