Indian Railway Catering and Tourism Corporation (IRCTC), Mphasis, MindTree, Godrej Properties, Tata Power, PI Industries and SRF LTD are among the stocks that could move from midcaps to the large-cap category in AMFI review, as per brokerage and research firm Edelweiss.

New entrants like Zomato, Nykaa (FSN Ecommerce Ventures), and PolicyBazaar (PB Fintech) could also move to the large-cap stocks category in the review, which AMFI will release the official list in the first week of January 2022.

Edelweiss Alternative Research has populated potential changes to the AMFI market cap categorization. Its current list is an initial prediction to the official list to be released by the Association of Mutual Funds in India (AMFI) between January 05 to 07, 2022. The updated list that AMFI will announce will be valid from the start of February till July 2022 end.

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As per SEBI, the listed stocks must be strictly categorized into baskets with a well-defined classification of large-cap, midcap and smallcap stocks. This is to ensure uniformity in respect of the investment universe for equity mutual fund schemes.

The categorization does not necessarily lead to fresh inflows or outflows in the stocks. The active equity fund manager may choose to add/remove or increase/reduce weights in the stores from their respective portfolios, depending upon their fundamental rationale.

Stock Covered in the news

Indian Railway Catering and Tourism Corporation (IRCTC)-View Detailed Analysis