BoI Mutual Fund Midcap Fund and SEBI Cap Classification
Why in the news
Bank of India Mutual Fund introduced a midcap scheme to tap growth in mid-sized companies.
Key facts
- Style: bottom-up stock picking of quality, scalable businesses with strong management.
- Objective: long-term capital appreciation.
SEBI classification
| Class | Rank by market cap |
|---|---|
| Large cap | 1-100 |
| Mid cap | 101-250 |
| Small cap | 251 onwards |
Exam angle
- Mid cap funds hold mainly mid-sized firms that sit between small and large caps and are usually in an expansion phase.
- Sectors in focus: financials, industrials, healthcare and consumer.