Swiggy, NTPC Green Energy, Bajaj Housing Finance Among 11 Stocks Set to Join Large-Cap Index in 2025: AMFI Update
The upcoming semi-annual categorization by the Association of Mutual Funds in India (AMFI) is set to bring significant changes to India’s stock market landscape. In the rejig, Swiggy, NTPC Green Energy, Bajaj Housing Finance, and Rail Vikas Nigam Ltd (RVNL) are among 11 mid-cap stocks expected to make the leap to the large-cap segment. This shift will take effect from February 1, 2025, after the announcement in the first week of January 2025.
Key Changes Expected in AMFI Categorization
The cut-off period for the categorization spans from July 1, 2024, to December 31, 2024, with the large-cap cut-off expected to rise to ₹1 lakh crore, up from ₹84,000 crore in June 2024. Similarly, the mid-cap threshold is projected to increase to ₹32,800 crore, compared to ₹27,500 crore in June 2024.
Stocks Upgrading to Large-Cap
Among the 11 stocks expected to transition from mid-cap to large-cap, several high-profile names are making the list. These include:
- CG Power and Industrial Solutions
- Rail Vikas Nigam Ltd (RVNL)
- ICICI Prudential Life Insurance
- Polycab India
- Cummins India
- Info Edge (India)
Additionally, recently listed companies like Hyundai Motor India, Bajaj Housing Finance, NTPC Green Energy, and Swiggy are poised to join the prestigious large-cap segment.
Stocks Likely to Be Downgraded
While some stocks rise to the large-cap category, others face downgrades. The 11 stocks likely to move from large-cap to mid-cap include:
- Adani Total Gas
- NHPC
- IDBI Bank
- Shree Cements
- Union Bank of India
- Bharat Heavy Electricals
- Canara Bank
- Jindal Steel & Power
- IndusInd Bank
- Mankind Pharma
- Apollo Hospitals Enterprises
Stocks Moving Up to Mid-Cap
Eight stocks are expected to be upgraded from small-cap to mid-cap, further enhancing their prominence. These potential mid-cap entrants include:
- GE T&D India
- 360 One WAM
- Kaynes Technology India
- Aditya Birla Fashion and Retail
- Waaree Energies
- Premier Energies
- Vishal Mega Mart
- Ola Electric Mobility
Small-Cap Entrants: New Additions to Watch
A number of stocks are set to enter the small-cap category, including:
- Brainbees Solutions
- Emcure Pharmaceuticals
- Sagility India
- Afcons Infrastructure
- One Mobikwik Systems
- ECOS Mobility
- Sai Life Sciences
- Zinka Logistics
- PN Gadgil Jewellers
- Ceigall India
A Shift with No Immediate Fund Impact
It’s important to note that while these categorization changes are significant, they do not directly lead to any immediate inflows or outflows of funds. Mutual fund managers monitor such changes closely, adjusting their positions based on the updated categorizations in order to optimize their portfolio strategies.
The upcoming AMFI rejig is a key event for investors and market participants, as it provides insight into the evolving dynamics of India’s stock market.
Disclaimer: The views and recommendations shared above are those of individual analysts or brokerage firms.
