Jio Financial Ascends to Large-Cap Segment in AMFI’s Reorganization
After a recent reorganization orchestrated by the Association of Mutual Funds in India (AMFI), Jio Financial has ascended to the large-cap segment. This move comes as the large-cap threshold has been elevated to ₹67,000 crore, a significant increase from its previous level of ₹49,700 crore as of June 2023, according to a report by Nuvama Institutional Equities. This reorganization aims to provide a more accurate classification of stocks based on their market capitalization.
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