Unkindest cut since 2020: mid, small-cap cut-off drops to its lowest

Amfi releases list of large, mid, and small-caps based on H1 stock price movement

What is a large-cap, mid-cap, and small-cap?
 
According to a formula prescribed by the Securities and Exchange Board of India (Sebi) for the Rs 38-trillion domestic mutual fund industry, stocks with a market capitalisation (m-cap) between $2 billion (Rs 16,443 crore) and $6 billion (Rs 47,228 crore) are classified mid-caps. Those above $6 billion are large-caps. Ones below $2 billion are small-caps.
 
The latest stock reclassification based on the January-June 2022 data was released by the Association of Mutual Funds in India on Monday.
 
Under Sebi framework, the first 100 stocks by m-cap are defined large-caps; the