Mumbai: Knowledge Realty Trust (KRT), Embassy Office Parks, Mindspace Business Parks, Nexus Select Trust and Brookfield could be included in the equity categories in the next Association of Mutual Fund in Indias semi-annual reclassification in January 2026, according to Nuvama Alternative & Quantitative Research.

Late last month, the Securities and Exchange Board of India (Sebi) announced the reclassification of Real Estate Investment Trusts (Reits) as equity-related instruments to boost mutual fund participation in these instruments.

If the mutual fund trade body brings in REITs into the equity share categories, KRT and Embassy could come under mid-caps, while Mindspace, Nexus and Brookfield could fall under small caps, said Nuvama Alternatives head Abhilash Pagaria.