AMFI reviews companies on the basis of market capitalization every half year and puts them in large cap and mid cap categories.
Paytm, Zomato, Nykaa and Policybazaar (PB Fintech) may find a place in the large cap category of AMFI (Association of Mutual Funds India). AMFI reviews companies on the basis of market capitalization every half year and puts them in large cap and mid cap categories. These new-age companies have recently been listed in the stock market.
According to Edelweiss Alternative Research, AMFI will release its review in the first week of January 2022. According to the brokerage firm, other companies that can find a place in the large cap category of AMFI include MindTree, IRCTC, SRF and Tata Power. AMFI considers December 31 as the cut-off date for change in market cap.
New-age companies, which can get place in large cap
Zomato – Market Capitalization – Rs 1,04,532 crore
Nykaa (FSN Ecommerce Ventures)- Market Cap. Rs -1,01,830 crore
Paytm (One 97 Communications) Market Cap. – Rs 87,640 crore
Policy Bazaar (PB Fintech)- Market Cap.- Rs 43,249 crore
Journey from Mid to Large Cap
Mindtree – Market Capitalization – Rs 76,931 crore
SRF – Market cap. -71,141 crores
IRCTC – Market Cap. – Rs 70,320 crore
Tata Power – Market Cap. – Rs 70,936 crore
Mphasis – market cap. – Rs.62,456 crore
Godrej Properties – Market cap. – Rs 52,789 crore
Bharat Electronics – Market Cap. – Rs 50,437 crore
(Article: Kshitij Bhargava)
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