Amfi’s reclassified list to see Adani Gas, NMDC, others join large caps

Adani Gas, Apollo Hospitals Enterprise, Cholamandalam Investment, NMDC, Honeywell Automation and Bank of Baroda are likely to be reclassified as large-caps from mid-caps in the upcoming semi-annual review by the Association of Mutual Funds in India (Amfi), according to reports by Edelweiss Alternative Research and IIFL Alternative Research.

Meanwhile, Abbott India, Hindustan Aeronautics, Alkem Laboratories, Hindustan Petroleum, PI Industries, Petronet LNG are likely to be reclassified to mid-caps from large-caps. The reclassified list of large-cap, mid-cap and small-caps will be released by Amfi by the first week of July and will be effective for the July to December period.

Equity-oriented schemes focused on market-cap classification will have to re-align the schemes within one month.


The reclassification will also see Indian Railway Finance Corporation, Macrotech Developers and Indigo Paints becoming new entrants to the mid-cap space, said IIFL and Edelweiss.

In the small-cap space, Kalyan Jewellers, Anupam Rasayan, Jubilant Ingrevia, Laxmi Organic, Nazara Technologies, Home First Finance, RailTel Corporation, Craftsman Automation, MTAR Technologies, Suryoday Small Finance Bank and Barbeque Nation will make an entry, said IIFL and Edelweiss.