The rule

One boundary per category

Large-cap additions and exclusions are measured across rank 100. Mid-cap changes are measured only across rank 250, so companies moving between large and mid cap are not repeated in the mid-cap table. Small-cap changes are measured only across rank 500; movements between mid and small cap are excluded from the small-cap table.

This answers the investable-universe question directly: which companies entered or left each category at its lower cutoff?

Large cap: crossed rank 100

Added · 9

Vedanta Aluminium Metal

New → #47

Entry

BSE

#105 → #74

↑ 31

Vodafone Idea

#116 → #83

↑ 33

Hitachi Energy India

#131 → #85

↑ 46

Jindal Steel

#102 → #87

↑ 15

Indian Bank

#107 → #89

↑ 18

Indus Towers

#108 → #92

↑ 16

Billionbrains Garage Ventures (Groww)

#114 → #95

↑ 19

BHEL

#130 → #98

↑ 32

Excluded · 9

Bosch

#87 → #101

↓ 14

Siemens Energy India

#84 → #102

↓ 18

Hero MotoCorp

#99 → #103

↓ 4

Dr. Reddy’s Laboratories

#100 → #104

↓ 4

LG Electronics India

#93 → #108

↓ 15

Max Healthcare

#83 → #111

↓ 28

Mazagon Dock Shipbuilders

#86 → #112

↓ 26

Indian Hotels

#98 → #115

↓ 17

Lodha Developers

#79 → #118

↓ 39

Mid cap: crossed rank 250

Added · 9

Hindustan Copper

#274 → #194

↑ 80

NLC India

#253 → #223

↑ 30

AIA Engineering

#265 → #233

↑ 32

Ajanta Pharma

#263 → #236

↑ 27

Aster DM Healthcare

#259 → #244

↑ 15

Sona BLW Precision Forgings

#280 → #248

↑ 32

Knowledge Realty Trust

New → #195

Entry

Embassy Office Parks REIT

New → #220

Entry

Bagmane Prime Office REIT

New → #242

Entry

Excluded · 10

Hexaware Technologies

#211 → #254

↓ 43

Jubilant Foodworks

#226 → #258

↓ 32

Kaynes Technology

#227 → #310

↓ 83

PhysicsWallah

#235 → #263

↓ 28

Tata Investment Corporation

#239 → #252

↓ 13

CRISIL

#242 → #259

↓ 17

KPR Mill

#243 → #257

↓ 14

Cholamandalam Financial Holdings

#244 → #264

↓ 20

SJVN

#249 → #272

↓ 23

Global Health (Medanta)

#250 → #262

↓ 12

Small cap: crossed rank 500

Added · 33

Mindspace Business Parks REIT

New → #265

Entry

Brookfield India REIT

New → #296

Entry

Nexus Select Trust

New → #314

Entry

Prime Focus

#668 → #338

↑ 330

Bharat Coking Coal

New → #390

Entry

Vedanta Power

New → #399

Entry

HFCL

#537 → #400

↑ 137

Avanti Feeds

#567 → #407

↑ 160

Fractal Analytics

New → #414

Entry

Central Mine Planning & Design Institute

New → #418

Entry

TD Power Systems

#581 → #419

↑ 162

MTAR Technologies

#737 → #423

↑ 314

Rubicon Research

#538 → #429

↑ 109

Chennai Petroleum

#506 → #432

↑ 74

Sammaan Capital

#501 → #436

↑ 65

Sansera Engineering

#596 → #440

↑ 156

Aether Industries

#545 → #443

↑ 102

Shriram Pistons & Rings

#514 → #449

↑ 65

Cupid

#706 → #450

↑ 256

Sterlite Technologies

#759 → #460

↑ 299

Jammu & Kashmir Bank

#517 → #461

↑ 56

JSW Dulux

New → #464

Entry

Canara HSBC Life Insurance

#509 → #465

↑ 44

RRP Semiconductor

#566 → #469

↑ 97

Vedanta Oil and Gas

New → #473

Entry

Graphite India

#531 → #474

↑ 57

JK Tyre & Industries

#532 → #488

↑ 44

Clean Max Enviro Energy Solutions

New → #489

Entry

India Cements

#503 → #490

↑ 13

Shipping Corporation of India

#541 → #493

↑ 48

Thangamayil Jewellery

#661 → #495

↑ 166

Ingersoll-Rand India

#502 → #498

↑ 4

INOX India

#536 → #499

↑ 37

Excluded · 37

ICICI Securities

#278 → New

Exit

Elitecon International

#286 → #621

↓ 335

Piramal Enterprises

#298 → New

Exit

Reliance Power

#370 → #520

↓ 150

Vedant Fashions

#399 → #540

↓ 141

Whirlpool of India

#422 → #529

↓ 107

Afcons Infrastructure

#425 → #508

↓ 83

Akzo Nobel India

#426 → New

Exit

Intellect Design Arena

#446 → #544

↓ 98

Bata India

#449 → #570

↓ 121

Nuvoco Vistas

#450 → #513

↓ 63

Swan Corp

#451 → #517

↓ 66

BLS International Services

#453 → #518

↓ 65

PCBL Chemical

#461 → #519

↓ 58

Jupiter Wagons

#462 → #501

↓ 39

Indian Energy Exchange

#466 → #516

↓ 50

Godrej Agrovet

#467 → #524

↓ 57

Bombay Burmah Trading

#468 → #521

↓ 53

Cyient

#469 → #538

↓ 69

Indegene

#470 → #506

↓ 36

Aavas Financiers

#471 → #537

↓ 66

Cello World

#474 → #573

↓ 99

Jaiprakash Power Ventures

#475 → #512

↓ 37

Transformers & Rectifiers India

#476 → #586

↓ 110

Newgen Software Technologies

#477 → #655

↓ 178

Home First Finance

#480 → #514

↓ 34

Gravita India

#481 → #507

↓ 26

Mahanagar Gas

#482 → #530

↓ 48

Lemon Tree Hotels

#485 → #577

↓ 92

NCC

#487 → #575

↓ 88

Action Construction Equipment

#489 → #539

↓ 50

SKF India (Industrial)

#490 → #509

↓ 19

Embassy Developments

#491 → #623

↓ 132

Elecon Engineering

#492 → #552

↓ 60

Inox Wind Energy

#494 → New

Exit

RITES

#498 → #554

↓ 56

Finolex Industries

#500 → #526

↓ 26

Methodology matters

Companies were reconciled using ISIN, NSE symbol and normalized company names. Identifier changes such as Kotak Bank and MCX, plus the LTIMindtree/LTM succession, were not counted as genuine entries or exits. Trezofin treats ranks 251–500 as small cap and rank 501 onward as micro cap for analysis; micro cap is not an official SEBI category.

Why fund investors should care

Reclassification can change portfolio constraints and flows.

A category migration is not a buy or sell signal. It is a prompt to examine liquidity, portfolio concentration, index eligibility and whether a fund’s actual holdings still match its stated mandate.

See the June 2026 master analysis