The Securities and Exchange Board of India (Sebi) is reportedly considering expanding mutual fund categories. At present, large-cap companies are defined as the top 100 by market capitalization, mid-caps as those whose market-cap ranges from the 101st largest to the 150th, and small-caps as those below the 150th largest company. However, some experts argue that the narrow definitions have constrained the ability of mutual funds in certain segments such as large-caps to generate an alpha. Neil Borate asks four experts if there is merit in recalibrating the existing Sebi-defined categories
Nimish Shah, Head, investments, BNP Paribas Wealth Management
