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AMFI’s Semi Annual Classification Review for January 2021
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The Association of Mutual Funds in India (AMFI) has released the latest list of stocks as per market capital (m-cap) classification. This new classification is based on 30 December, 2020 data which will be effective from February to July 2021. As per the Circular released by SEBI on 06-Oct-17, Indian Mutual Funds Schemes have to be strictly categorized into below baskets with a well-defined classification:

Large Cap: 1st -100th companies

Mid Cap: 101st -250th companies

Small Cap: 251st onwards companies

Highlights as per the release:

  1. December 2020 cut off for Large Cap stocks was up 8.3 per cent to Rs.28897 crore and for Mid Cap, it was up 21 per cent at Rs.8389 crore as compared to June 2020.
  2. Large Cap stocks attribute 73.68%, Mid Cap stocks attribute 15.41% whereas Small Cap stocks attribute 10.91% of the total market cap.
  3. With full market cap, the Large Cap classification has highest exposure to BFSI (25.3%), Consumer (17%), IT (16.6%) and Oil & Gas (15%) sector.

Changes in the Classification – H1 CY21

From Large Cap to Mid Cap

Stock Name

Symbol

Current

New

Container Corporation of India Ltd.

CONCOR

Large Cap

Mid Cap

NMDC Ltd.

NMDC

Large Cap

Mid Cap

MRF Ltd.

MRF

Large Cap

Mid Cap

United Breweries Ltd.

UBL

Large Cap

Mid Cap

General Insurance Corporation of India

GICRE

Large Cap

Mid Cap

Bank Of Baroda

BANKBARODA

Large Cap

Mid Cap

Max Healthcare Institute Ltd.

MAXHEALTH

New Entrant

Mid Cap

 

From Mid Cap to Large Cap

Stock Name

Symbol

Current

New

Yes Bank Ltd.

YESBANK

Mid Cap

Large Cap

Gland Pharma Ltd.

GLAND

Mid Cap

Large Cap

Adani Enterprises Ltd.

ADANIENT

Mid Cap

Large Cap

PI Industries Ltd.

PIIND

Mid Cap

Large Cap

Jubilant FoodWorks Ltd.

JUBLFOOD

Mid Cap

Large Cap

Hindustan Aeronautics Ltd.

HAL

Mid Cap

Large Cap

 

From Small Cap to Mid Cap

Stock Name

Symbol

Current

New

Laurus Labs Ltd.

LAURUSLABS

Small Cap

Mid Cap

IndiaMART InterMESH Ltd.

INDIAMART

Small Cap

Mid Cap

Dixon Technologies (India) Ltd.

DIXON

Small Cap

Mid Cap

Navin Fluorine International Ltd.

NAVINFLUOR

Small Cap

Mid Cap

Astrazeneca Pharma India Ltd.

ASTRAZEN

Small Cap

Mid Cap

Deepak Nitrite Ltd.

DEEPAKNI

Small Cap

Mid Cap

Bombay Burmah Trading Corp. Ltd.

BBTC

Small Cap

Mid Cap

Suven Pharmaceuticals Ltd.

SUVENPHAR

Small Cap

Mid Cap

Procter & Gamble Health Ltd.

PGHL

Small Cap

Mid Cap

Granules India Ltd.

GRANULES

Small Cap

Mid Cap

Persistent Systems Ltd.

PERSISTENT

Small Cap

Mid Cap

 

From Mid Cap to Small Cap

Stock Name

Symbol

Current

New

Indiabulls Housing Finance Ltd.

IBULHSGFIN

Mid Cap

Small Cap

Kajaria Ceramics Ltd.

KAJARIACERA

Mid Cap

Small Cap

Apollo Tyres Ltd.

APOLLOTYRE

Mid Cap

Small Cap

TTK Prestige Ltd.

 TTKPRESTIG

Mid Cap

Small Cap

Cholamandalam Investment and Finance Company Ltd.

CHOLAFIN

Mid Cap

Small Cap

CESC Ltd.

CESC

Mid Cap

Small Cap

SKF India Ltd.

SKFINDIA

Mid Cap

Small Cap

JM Financial Ltd.

JMFINANCIL

Mid Cap

Small Cap

V-Guard Industries Ltd.

VGUARD

Mid Cap

Small Cap

PVR Ltd.

PVR

Mid Cap

Small Cap

Symphony Ltd.

SYMPHONY

Mid Cap

Small Cap

Future Retail Ltd.

FRETAIL

Mid Cap

Small Cap

 

Next review will be due in July 2021 based on data from 1 January to 30 June, 2021. This usually leads to churning in various mutual fund schemes based on any stock “new category”.

To see notes of our last release Click Here

To see new AMFI Complete List Click Here

 

The author may have positions in the stocks as mentioned in the article above, please assume us to be biased. This is not a recommendation to buy or sell securities. This is purely information about the company mentioned.  Equity investing contain risks and please consult your financial adviser for any buy and sell securities!


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