India's mutual fund association raises cut-offs for large, mid-caps

Housing and Urban Development

05/07/2024 06:41

** India's Association of Mutual Funds (AMFI) raised
cut-offs for large-cap stocks and mid-caps in its rejig released
overnight
    ** Large-cap threshold now at 843 bln rupees ($10.10 bln),
up from 670 bln rupees in Dec. 2023, while mid-cap cut-off at
276 bln rupees up from 220 bln rupees, as per Nuvama Alternative
& Quantitative Research
    ** Rejig effective from Aug. 2024 to Jan. 2025
    ** AMFI updates classification of companies based on market
capitalisation changes semi-annually
    ** Zydus Lifesciences  ZYDU.NS , Hero Motocorp  HROM.NS ,
NHPC  NHPC.NS , Bosch  BOSH.NS , JSW Energy  JSWE.NS , BHEL
 BHEL.NS  among new large-cap entrants from mid-cap
    ** Shares of ZYDU, BOSH, BHEL up between 0.7% and 2%
    ** MRPL  MRPL.NS , Housing and Urban Development Corp
 HUDC.NS , BSE  BSEL.NS , Bharat Dynamics  BARA.NS  among new
mid-cap entrants from small-caps; stocks up between 1% and 4%


($1 = 83.4875 Indian rupees)

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