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
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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
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Next review will be due in early July 2021 based on data from 1 Jan 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

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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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Adroit Financial

Adroit Financial

SEBI Registered PMS Advisor - INP000005349
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