The Association of Mutual Funds in India (AMFI) is an industry standards organisation in India in the mutual funds sector. It was formed in 1995. Most mutual funds firms in India are its members.
The organisation aims to develop the mutual funds market in India, by improving professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders.
AMFI has made a few changes in stock classification in its semi-annual review. This classification of stocks will be effective for the February-to-July 2021 period.
Six stocks added in the large-cap basket from mid-cap are
- Yes Bank,
- Gland Pharma,
- Adani Enterprises,
- PI Industries,
- Jubilant Foodworks
- Hindustan Aeronautics Ltd
The stocks shifted as mid-cap from large-cap are
- Concor,
- NMDC,
- MRF,
- United Breweries,
- GIC of India,
- Bank of Baroda
- Max Healthcare
Stocks that have been shifted to mid cap from small cap are
- Laurus Lab,
- Indiamart Intermesh,
- Dixon Technologies,
- Navin Fluorine,
- Astrazeneca Pharma,
- Bombay Burmah,
- Suven Pharma,
- Persistent Systems
As per the circular released by Sebi in 2017, Indian mutual fund schemes have to be strictly categorized into below baskets with a well-defined classification of large-cap, mid-cap and small-cap stocks.
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(Link Source: amfiindia.com)