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Amfi’s New List To Have Gland Pharma,Yes Bank, Adani Enterprises,3 Others In Large Cap

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The Association of Mutual Funds of India (AMFI) is very likely to come up with the new list of large, mid and small cap stocks in January first week. And as per the belief of brokerage firm Edelweiss Securities stocks that may move from mid-cap space to large cap category include Gland Pharma, YES Bank, Adani Enterprises, PI Industries, Hindustan Aeronautics and Jubilant FoodWorks.

Amfi’s List To Have Gland Pharma,Yes Bank, Adani Enterprises,3 More In Large Cap
 

And on the other hand, stocks such as Bank Of Baroda, GIC of India, Concor, United Breweries, MRF and NMDC may move from large cap category to mid-cap.

This new list that shall be out by January first week will come into force from February to July 2021. Mutual fund houses will have a one month time period to re-align their mutual fund schemes.

Similarly, stocks that may move from small cap to mid-cap space include Laurus Labs, Indiamart Intermesh and Dixon Tech. While Future Retail, Symphony, PVR and V-Guard Industries are the stocks that may move to small cap category from mid-cap space, said the brokerage house.

In September this year, the SEBI amended its October 2017 circular and mandated multi-cap funds to invest 25% each in small, mid and large cap stocks, leaving the balance 25% to their discretion. Further such funds are required to invest a minimum 75% in equity and equity related instruments as against 65% requirement earlier.

GoodReturns.in

Read more about: amfi edelweiss markets large cap
Story first published: Wednesday, December 23, 2020, 12:29 [IST]
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