AMFI reshuffle: Jio Platforms and NSE may get largecap status, Vedanta may become midcap in H1 CY27

Jio Platforms and National Stock Exchange of India (NSE) are likely to enter the largecap category, while Vedanta may be classified as a midcap in AMFI's semi-annual reshuffle for H1 CY27, according to a prediction by Nuvama Institutional Equities.

Around five midcap stocks may get upgraded to the largecap segment in the AMFI rejig, including Bosch, Zydus Lifesciences, Lodha Developers, Lenskart Solutions and LG Electronics India. Jio Platforms and NSE may also get largecap status in the AMFI rejig.

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Seven stocks may get demoted to the midcap segment from their current largecap status. These seven stocks include Godrej Consumer Products, Ambuja Cements, Indus Towers, Vedanta, Tata Consumer Products, Indian Railway Finance Corporation and HDFC AMC.

Nearly 13 stocks may get upgraded to the midcap segment from the smallcap segment, such as Ather Energy, RBL Bank, Welspun Corporation, Gland Pharma, Aditya Infotech, Aegis Logistics, Cupid, K.P.R. Mill and Physicswallah. The other four names are borderline stocks in the smallcap segment that may get upgraded to the midcap segment.

These four stocks are Emcure Pharmaceuticals, Sterlite Technologies, Global Health and Anand Rathi Wealth, the report said. Three new stocks may get midcap status, including SBI Funds Management, Manipal Health Enterprises and Indo-MIM.

ITC Hotels, Container Corporation and Cochin Shipyard are among 18 midcap stocks that may get demoted to the smallcap segment. The other 15 stocks include Procter & Gamble, Godfrey Phillips India, UCO Bank, Escorts Kubota, Dalmia Bharat, Tata Investment Corporation, Indian Renewable Energy Development Agency, Blue Star, Delhivery, United Breweries, PI Industries, Housing & Urban Development Corporation, 3M India, AIA Engineering and NLC India.

Dhoot Transmission, Milky Mist Dairy Food, Lalithaa Jewellery Mart, ESDS Software Solution, Molbio Diagnostics, Juniper Green Energy, Horizon Industrial Parks, Karamtara Engineering, Augmont Enterprises, Moneyview, Manipal Payment & Identity, Shiprocket, Symbiotec Pharmalab, Hero Motors, Kanohar Electricals, Waterways Leisure Tourism, Leap India, Kusumgar, Lohia Corp, Elevate Campuses, Rentomojo, SS Retail and BLS Polymers are among 87 stocks that may enter the smallcap segment in H1 CY27.

Based on current average market capitalisation levels, AMFI may increase the largecap cut-off to approximately Rs 1.12 lakh crore, compared with Rs 1.06 lakh crore as of June 2026. The midcap threshold may rise to around Rs 36,700 crore, compared with Rs 33,600 crore as of June 2026.

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The change in categorisation does not lead to incremental inflows or outflows. Active mutual fund managers keep an eye on the list while taking fresh positions or modifying existing ones in stocks across different scheme categories, the report said.

The cut-off period spans July 1, 2026, to December 31, 2026. The categorisation will take effect from February 1, 2027.

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