RVNL, NTPC Green, Bajaj Housing & Swiggy Enter AMFI’s Largecap List
AMFI Rejigs Market Categorization; Several Stocks Move Up or Down in Classification…..
In the latest update from the Association of Mutual Funds in India (AMFI), several stocks have been promoted to the largecap category, including Rail Vikas Nigam Ltd (RVNL), NTPC Green Energy, Bajaj Housing Finance, and Swiggy Ltd. These additions are part of AMFI’s revised market categorization for H1 2025, effective from February 1. Other new largecap stocks include ICICI Prudential Life, Cummins India, and Polycab India.
However, notable exclusions from the largecap list include Adani Total Gas, BHEL, and IndusInd Bank, which have been reclassified as midcaps. This rejig reflects the ongoing market momentum, with the largecap threshold rising to Rs 1 lakh crore, up from Rs 84,000 crore earlier.
AMFI’s classification is widely referenced by equity fund managers for portfolio adjustments, although it does not directly influence stock inflows. Additionally, several stocks have been downgraded to midcap or smallcap categories, such as Canara Bank and IndusInd Bank, while others like Kaynes Tech and Aditya Birla Fashion have been upgraded to midcaps.
The semi-annual AMFI categorization ensures uniformity in the investment universe for mutual funds and is in accordance with guidelines set by SEBI.
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