Markets regulator Sebi on Monday said it is actively looking at re-categorisation of mid cap and small cap mutual fund schemes. The move is expected to permit these products to invest in a wider set of stocks, according to industry experts. In order to ensure uniformity in respect of the investment universe for equity schemes, the regulator, in 2017, had defined large cap, mid cap and small cap.
Top 100 companies in terms of market capitalisation come under the large cap segment, while the 101st to 250th firms falls under mid cap and 251st company onwards come under small cap.
