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vThe Association of Mutual Funds in India (AMFI) has released its updated market categorization list for the first half of calendar year 2025 (H1CY25). This new list of the mutual fund regulator matches the estimates of Nuvama Alternative & Quantitative Research. This new categorization of stocks will be effective from February 1, 2025 and will be valid till July 31, 2025.
Changes in the limits of large, mid and small cap stocks
AMFI has made some important changes in the categories of stocks for the first half of 2025. The limits for large cap, mid cap and small cap stocks have now been set anew. These changes have been made keeping in mind the current situation of the stock market and the increasing capitalization. Its purpose is to provide better information to investors and promote market growth.
Large-Cap Stocks: The limit for the large cap category has been raised to Rs 1 lakh crore, from Rs 840 billion in June 2024. Large cap stocks now make up 62.1% of the market, down from 63.6% in the last review.
Mid-Cap Stocks: The limit for the mid-cap category has increased to Rs 332 billion from Rs 275 billion earlier. The market share of these stocks is now 19.6%, up from 18.2% earlier.
Small-Cap Stocks: Small-cap stocks now make up 18.3% of the market, up from 18.2% previously. This has seen a marginal increase.
The revised limits reflect the current bull run in the Indian market, which has broken previous records. These changes are indicative of strong market growth, making this an exciting time for domestic investors.
Categories of many companies have changed, see the full list
The categories of many companies have changed in AMFI's updated market categorization list for the first half of calendar year 2025 (H1CY25).
Companies moving from mid cap to large cap
ICICI Prudential Life Insurance
Polycab India
Indusind Bank
Cummins India
Companies moving from small cap to mid cap
GE T&D India
360 One WAM
Keys Technology
Aditya Birla Fashion & Retail
Vari Energy
AMFI releases updated market categorization list every six months
AMFI releases an updated market categorization list every six months. This is necessary to ensure compliance with SEBI rules. In October 2017, SEBI issued a circular directing to strictly classify listed stocks into large cap, mid cap and small cap. The purpose of this is to maintain uniformity in the investment field for equity mutual fund schemes. SEBI has entrusted AMFI with the responsibility of preparing the list of these stocks.
AMFI, in consultation with SEBI and stock exchanges (BSE, NSE, MSEI), lists stocks based on market capitalization (MCap).
