Association of Mutual Funds of India ie AMFI recently listed start-up companies Nykaa ( Nykaa) Can put Policy Bazaar and Zomato in the large cap category. AMFI changes the category of companies twice a year. brokerage and research firm Edelweiss believes that IRCTC, MindTree, Tata Power and four other companies can make it to the large cap category, while Yes Bank, Punjab National Bank (PNB), Lupine (Lupin) and seven other stocks can go downgrade to the midcap category. AMFI issues a list of large, midcap and smallcap stocks every half year. This is very important as mutual fund managers follow it to re-balance their portfolio.
Potential companies to move from mid cap to large cap category
MindTree – current market cap Rs 81,761 crore
SRF Ltd – current market cap Rs 64,914 crore
Mphasis – current market cap Rs 64,637 crore
IRCTC – current market cap Rs 73,380 crore
Godrej Properties – current market cap Rs 64,529 crore
Tata Power – current market cap Rs 78,573 crore
PI Industries – current market cap Rs 44,113 crore
Zomato – current market cap Rs 1.25 lakh crore
Nykaa – current market cap Rs 1.07 lakh crore
PB Fintech (Policybazaar) – current market cap Rs 61,309 crore
Possible companies to move from large cap to mid cap
Yes Bank – current market cap Rs 32,872 crore
Honeywell Automation – current market cap Rs 37,544 crore
Bank Of Baroda – current market cap Rs 51,118 crore
Biocon – current market cap Rs 43,833 crore
Punjab National Bank – current market cap Rs 45,640 crore
Procter & Gamble Hygiene – current market cap Rs 8,532 crore
Colgate-Palmolive – current market cap Rs 41,283 crore
Cholamandalam Investment and Finance – current market cap Rs 13,142 crore
Lupin Ltd – current market cap Rs 42,508 crore
NMDC – current market cap Rs 41,189 crore
Potential companies to move from small cap to mid cap category
Happiest Minds Technologies
Central Bank of India
Gujarat Fluorochemicals
National Aluminum
Indian Energy Exchange
KIOCL
Prestige Estates Projects
Even if the category of these shares is changed, it is not necessary that it will increase the fund flow in them immediately. But by changing the category, the shares benefit. Although Edelweiss says that re-categorization can be beneficial, but it does not necessarily lead to immediate fund inflows. If a stock moves from small to midcap segment, its visibility increases. This can come quickly in the eyes of fund managers.
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