 "SEBI")
The Securities and Exchange Board of India (Sebi) is reviewing the current stock categorisation framework followed by actively managed equity mutual funds (MFs) to ensure they are true-to-label.
Individuals familiar with the matter said the universe of largecap and midcap stocks could be expanded by 25-50 stocks. The move follows concerns raised by industry players that the current threshold has been skewed following a sharp run-up in the domestic markets after the Covid-19 pandemic.
At present, the top 100 stocks by market capitalisation (mcap) are labelled as ‘largecap’, and the next 150 falls into the ‘midcap’ bucket. The rest of
