New Delhi, June 1 -- The Association of Mutual Funds in India (AMFI) will likely announce its semi-annual stock re-categorisation in the first week of July, a key development that serves as the reference framework for active domestic mutual fund managers.

Based on current average market capitalisation levels, Nuvama Alternative & Quantitative Research estimates the large-cap cut-off at around Rs.1.07 lakh crore, marginally higher than Rs.1.05 lakh crore in December 2025. The mid-cap cut-off is estimated at approximately Rs.32,700 crore, compared with Rs.34,800 crore in the previous review period.

The categorisation exercise will be based on the six-month average market capitalisation during the period from January 1 to June 30, 2026, wi...