LIC, Adani Wilmar, BoB likely in large-cap list

Mumbai: Life Insurance Corporation of India and Adani Wilmar will make an entry into the list of large-caps when the Association of Mutual Funds in India's (AMFI) semi-annual reclassification is announced in a few weeks.

Ahead of the semi annual cut-off date (June 30) for the market cap reclassification, IIFL said Adani Power, Cholamandalam Investment, Bank of Baroda, Bandhan Bank and L&T Technology Services are likely to be reclassified as large-caps from mid-caps earlier.

Vedant Fashions and Motherson Sumi Wiring will be the new mid-cap entrants, said IIFL.


Stocks that will be reclassified to mid-cap from small-cap include Tata Teleservices (Maharashtra), KPR Mill, Tanla Platforms, Poonawalla Fincorp, Chambal Fertilisers & Chemicals, Phoenix Mills, SKF India, and Sheela Foam.

Stocks that will be classified as mid-cap from large-cap such as SAIL, Jubilant FoodWorks, Cadila Healthcare, HDFC AMC, Torrent Pharma, Godrej Properties and PB Fintech.

AMFI announces the reclassification of shares twice a year. The next round is scheduled for the first week of July.

Mutual fund managers must consult the AMFI classification to balance their portfolio, according to the category requirement.