ET BureauMumbai: Newly-listed startups such as , and Policybazaar are among the 10 stocks that are likely to find a place in the Association of Mutual Funds in India's (Amfi) large-cap category of stocks, according to brokerage Edelweiss.
Amfi announces reclassification of share categories twice a year. The next revamp will be announced in the first week of January. The list is valid for the period February to July 2022. Though additions or removals of stocks need not result in flows, the categorisation makes them available to the fund managers in the event of a portfolio reshuffle. Mutual fund must consult the Amfi classification to balance their portfolio
The other stocks that are likely to be included in the large-cap category are Mindtree, SRF, Mphasis, IRCTC, Godrej Properties, Tata Power and PI Industries, said Abhilash Pagaria, a research analyst at Edelweiss Alternative Research in a note to clients.
Ten stocks including Yes Bank, Honeywell Automation, Bank of Baroda, Biocon, Punjab National Bank, P&G, Colgate Palmolive, Cholamandalam Investment, Lupin, and NMDC may be moved from large-cap to mid-cap stock category.
Five newly-listed stocks such as Clean Science and Technologies, Nuvoco Vistas, Aditya Birla Sunlife, GR Infraprojects, and Aptus Value Housing will enter the mid-cap category directly, said Edelweiss.
In the last four months, the sharp rally in the broader market has pushed up the cut-off for large-cap and mid-cap share categories. About 14 stocks, including Jubilant Pharmova, RBL Bank, Indigo Paints are likely to move from mid-cap to small-cap category, said the brokerage.
Amfi announces reclassification of share categories twice a year. The next revamp will be announced in the first week of January. The list is valid for the period February to July 2022. Though additions or removals of stocks need not result in flows, the categorisation makes them available to the fund managers in the event of a portfolio reshuffle. Mutual fund must consult the Amfi classification to balance their portfolio
The other stocks that are likely to be included in the large-cap category are Mindtree, SRF, Mphasis, IRCTC, Godrej Properties, Tata Power and PI Industries, said Abhilash Pagaria, a research analyst at Edelweiss Alternative Research in a note to clients.
Ten stocks including Yes Bank, Honeywell Automation, Bank of Baroda, Biocon, Punjab National Bank, P&G, Colgate Palmolive, Cholamandalam Investment, Lupin, and NMDC may be moved from large-cap to mid-cap stock category.
Five newly-listed stocks such as Clean Science and Technologies, Nuvoco Vistas, Aditya Birla Sunlife, GR Infraprojects, and Aptus Value Housing will enter the mid-cap category directly, said Edelweiss.
In the last four months, the sharp rally in the broader market has pushed up the cut-off for large-cap and mid-cap share categories. About 14 stocks, including Jubilant Pharmova, RBL Bank, Indigo Paints are likely to move from mid-cap to small-cap category, said the brokerage.
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