What is the definition of Large Caps? Should we follow only Top 100 stocks as Large Caps or is there any better definition?
I have been exploring strategy to invest only in Large Caps and Mid Caps but often find that considering only Top 100 companies as large caps and Next 150 companies as Mid caps is not correct.
There are lot of well established companies which are outside these top 250 companies but have Market cap above 10,000 Crores like CAMS, IEX, TTK Prestige, Exide, Blue Dart Express? But these are classified as Small Caps as per AMFI/SEBI.
Looking for more wider approach to define large caps and mid caps.
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