The large-cap threshold has been increased to Rs 67,000 crore from Rs 49,700 crore in June 2023 and the mid-cap threshold increased to Rs 22,000 crore from Rs 17,400 crore.
Following the restructuring initiative of the Association of Mutual Funds of India (AMFI), Jio Financial entered the large-cap segment, while new entrants such as Tata Tech, JSW Infra and IREDA made their debuts. Currently in the mid-cap segment.
The large-cap threshold has been increased to Rs 67,000 crore from Rs 49,700 crore in June 2023 and the mid-cap threshold increased to Rs 22,000 crore from Rs 17,400 crore. Effective from February and in effect until July this year, these changes will apply until the next round of AMFI reforms.
In the transition from mid-cap to large-cap status, Jio Financial is a notable addition. Other stocks promoted include Power Finance Corporation, IRFC, Macrotech Developers, Polycab India, REC, Shriram Finance, Union Bank and IOB.
Stocks moving from small to mid-cap include Mazagon Dock, Suzlon Energy, Lloyds Metals, SJVN, Kalyan Jewelers, KEI Industries, Credit Access Grameen, Exide Industries, Nippon Life, Ajanta Pharma, Narayana Hrudaya and Glenmark Pharma.
While the stocks moving from large cap to mid cap are Hero Motocorp Limited, Samvardhana Motherson International Limited, Tube Investments Of India Limited, Bosch Limited, Indian Railway Catering & Tourism Corporation Limited, PI Industries Limited, Adani Wilmar Limited and UPL Limited.
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