Why Sebi needs to redefine the scope of large-cap and mid-cap mutual funds

Over the last few months, large-cap funds have seen sizeable outflows, while mid-cap and small-cap funds have been witness to robust inflows.
As per the October 2017 definition of market regulator Securities and Exchange Board of India, large-cap funds could invest in companies with a market-cap of over ₹29,000 crore; however, as the market expanded, the minimum threshold has been raised to ₹50,000 crore. Similarly, for mid-cap funds, this number has changed from ₹8,500 -29,000 crore to ₹17,500-50,000 crore.

Click to read