Nuvama sees India's mutual fund association raising large, mid-cap cut-offs

Berger Paints India

01/07/2024 08:46

** Nuvama expects Association of Mutual Funds (AMFI) to
raise cut-offs for large-cap stocks and mid-caps in upcoming
rejig
    ** Nuvama Alternative & Quantitative Research sees AMFI
raising large cap cut-off to 840 bln rupees ($10.07 billion)
from 670 bln rupees and mid-caps' threshold to about 275 bln
rupees from 220 bln rupees
    ** AMFI updates classification of companies based on market
capitalisation changes semi-annually, with the next update due
July
    ** Nuvama Zydus Lifesciences  ZYDU.NS , Hero Motocorp
 HROM.NS , NHPC  NHPC.NS , Bosch  BOSH.NS , JSW Energy  JSWE.NS 
moving to large-cap from mid-cap
    ** Sees  Marico  MRCO.NS , Berger Paints  BRGR.NS , SBI
Cards  SBIC.NS , and Polycab India  POLC.NS  to move to mid-cap
from large-cap segment
    ** Benchmark Nifty 50 index  .NSEI  up 11% YTD, while
mid-cap index  .NIFMDCP100  up 22%
    ($1 = 83.3853 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))