Mumbai: Stock Like Adani PowerHAL in the upcoming Association of Mutual Funds in India’s semi-annual upcoming reclassification, and is likely to be upgraded from mid-cap to large-cap.

IDBI Bank,

The brokerage said there is a possibility of a downgrade in the mid-cap category from SAIL, LIFE, and large-cap.

amphi Announces reclassification of shares twice a year. The next round is scheduled in the first week of July.

Mutual fund managers should consult the AMFI classification to balance their portfolios as per the category requirement.

No new inflows or outflows are required for reclassification. It is not necessary that active equity fund managers change the stock weightage in their respective portfolios to match the AMFI classification.

But, equity-oriented schemes, whose portfolios are focused on market capitalization, will have to renegotiate their holdings within one month of the announcement, at their discretion.

AMFI classifies the stocks keeping in mind the data from January to June 2022. According to ICICI Securities, KPR Mills, Tanla Platforms, Poonawalla Fin, and Poonawalla Fin are likely to move from small-cap to mid-cap category.