According to existing rules, the top-100 stocks by market capitalisation, i.e. market cap, are designated as large caps; the next 150 as mid caps, and those ranked 251 and onwards as small caps. But in view of the changing landscape of Indian markets, it may be time for the market regulator, Securities and Exchange Board of India (SEBI), to revise the market cap categorisation definitions a bit.
My views on Why it is time to Expand Marketcap Buckets?, were published in a column in Economic Times Wealth (Edition 17-23 November 2025). You can read the same via this link or in the image below:
