Market structure Market cap Classification

Large / mid / small-cap classification at Zerodha

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Per SEBI’s classification (applied uniformly across Indian capital markets):

CategoryRanking by market cap
Large-capTop 100
Mid-capRanks 101 to 250
Small-capRanks 251 onwards

AMFI (Association of Mutual Funds India) updates the list semi-annually. Zerodha and Kite reflect the same classification.

Why classification matters

  • Mutual fund category eligibility: Schemes must invest specified percent in each category.
  • Index inclusion: Indices use these classifications.
  • Risk profiles: Large-cap = lower volatility; small-cap = higher.
  • Tax / regulatory frameworks: Some rules differ by classification.

Where to see

  • AMFI website: Authoritative classification.
  • NSE / BSE: Per-scrip market cap.
  • Kite: Indicates the category in scrip details (where applicable).

See also

External references

References

  1. AMFI India, Stock classification list, amfiindia.com.
  2. SEBI, Market cap classification framework, sebi.gov.in.

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