INSUBCONTINENT EXCLUSIVE:
Mumbai: AMFI on Friday reclassified Adani Transmission, Info Edge, Kansai Nerolac Paints, Muthoot Finance and REC as largecap stocks
On the other hand, Cadila Healthcare, Indiabulls Housing Finance, New India Assurance, Vodafone Idea and YES Bank were moved to the midcap
list.
AMFI on a half yearly basis releases a list, as mandated by Sebi, which sends many midcaps into the largecap category and vice-versa
The Securities and Exchange Board of India (Sebi) in 2017 had defined largecap, midcap and smallcap companies in order to ensure uniformity
in respect to the investment universe for equity mutual fund schemes.
Sebi had also stipulated that AMFI shall prepare the list of stocks in
this regard, in accordance with the points specified under the circular.
Accordingly, AMFI, in consultation with Sebi and stock exchanges,
has prepared list of stocks, based on the data provided by BSE, NSE and MSEI.
Stocks that were moved to the midcap space from smallcap are
Adani Green, Akzo Nobel, CreditAccess Grameen, Dr Lal Pathlabs, Future Lifestyle, ICICI Securities, Minda Industries, NIIT Technologies,
Schaeffler India, Zydus Wellness, JK Cements and PVR.
IRCTC and IIFL Wealth Management, which made market debut during the second half of
the year, were included in the midcap space.
Scrips that were moved to the smallcap space from midcap are Central Bank, Graphite India,
Indian Bank, Jubilant Life, National Aluminium, Century Textiles, NBCC, NLC India, Quess Corp, Sterlite Technologies, TTK Prestige and IIFL
Finance.
CSB Bank, Gujarat Fluorochemicals, IndiaMART InterMESH and Spandana Sphoorty Financial were the new entrants in the smallcap
space.
Largecap stocks as per AMFI’s new categorisationMidcap stocks
