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, …

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