11 midcap stocks including Swiggy, RVNL, NTPC Green are likely to be upgraded to largecap stocks after the changes in AMFI.

Shares of Swiggy, Rail Vikas Nigam Limited (RVNL), NTPC Green Energy and Bajaj Housing Finance are among the 11 mid-cap stocks that are expected to move to the large-cap segment in the upcoming half-yearly classification by the Association of Mutual Funds . India (AMFI).

The cut-off period is from July 1, 2024 to December 31, 2024, which is expected to be announced in the first week of January 2025. The classification will be effective from February 1, 2025.

Nuvama Alternative & Quantitative Research estimates AMFI large-cap cut-off to rise above 1 lakh crore 84,000 crore in June 2024, while it is expected to grow to mid-cap range Rs 32,800 crore against 27,500 crore in June 2024.

large cap entrants

Around 11 stocks are potential large-cap entrants from the current mid-cap sector, including CG Power and Industrial Solutions. Rail Vikas Nigam Limited (RVNL), ICICI Prudential Life Insurance Company, Polycab India, Cummins India and Info Edge (India),

Additionally, recently listed Hyundai Motor IndiaBajaj Housing Finance, NTPC Green India and swiggy The large-cap segment is also expected to be upgraded in the upcoming AMFI makeover.

Eleven stocks are likely to be downgraded from largecap to midcap. these are Adani Total GasNHPC, IDBI Bank, Shree Cements, Union Bank of India, Bharat Heavy ElectricalsCanara Bank, Jindal Steel & Power, IndusInd BankMankind Pharma and Apollo Hospitals Enterprises.

midcap entrants

Eight stocks are likely to be upgraded to midcap sector. These potential midcap entrants include GE T&D India, 360 One WAM, Keynes Technology IndiaAditya Birla Fashion & Retail, Vari Energies, Premier Energies, Vishal Mega Mart and Ola Electric Mobility.

On the other hand, stocks that can move from midcap to smallcap are ITI, ZF Commercial Vehicle Control Systems India, DelhiwariPoonawala Fincorp, Hindustan CopperMotherson Sumi Wiring, Global Health, Gland Pharma, Bandhan BankMangalore Refinery Petrochemicals, Go Digit General Insurance and Star Health & Allied Insurance Company.

small cap entrants

Stocks that are expected to move to the small-cap category include Brainbees Solutions, Emcure Pharmaceuticals, Sajility Indiaafcons infrastructure, a mobikwik systemECOS Mobility, Sai Life Sciences, Jinka Logistics, PN Gadgil Jewellers, and Seagull India among others.

It should be noted that the change in classification does not result in incremental inflows or outflows. Active mutual fund managers keep an eye on the list while taking fresh or revised positions in shares in different categories of schemes.

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