Newly Listed Stocks Set to Shake Up AMFI Rejig; Groww, Lenskart Among Likely Midcap Entrants

India’s market landscape is set for a potential shake-up as several newly listed companies prepare to enter large-cap, midcap, and small-cap categories during AMFI’s upcoming half-yearly reclassification.
According to market experts, the January reshuffle may see three new listings entering the large-cap list, five joining the mid-cap segment, and seven moving into the small-cap universe.

This reclassification is closely watched by mutual funds, as it determines how schemes allocate their portfolios across market capitalisation buckets.

The review period for AMFI’s half-yearly categorisation ends on December 31, and the updated list will be published in the first week of January. Mutual funds are then given one month to rebalance their portfolios according to the new list.

Tata Capital, LG Electronics India Among Probable Largecap Entrants

Among the most notable names, Tata Capital, LG Electronics India, and the recently demerged Tata Motors Commercial Vehicles division are expected to join the large-cap segment.

These companies have gained significant investor attention following their listings and restructuring, making them strong contenders for inclusion in the top 100 companies by market capitalisation.

A move into the large-cap category could significantly boost their visibility and institutional ownership, as funds tracking large-cap mandates will be required to allocate more weight to these stocks.

Also Read: IndiGo Up 2% on Sensex Entry; Tata Motors PV Drops 1.5%

Groww, Lenskart, and Others Likely to Join Midcap Segment

The midcap segment may also see meaningful additions.
Newly listed platforms such as Groww and Lenskart Solutions, along with HDB Financial Services, Knowledge Realty Trust, and Anthem Biosciences, are seen as likely entrants based on their recent performance and market valuations.

These companies have seen high investor interest, particularly in the digital financial services and consumer-tech categories.
Their inclusion in midcap lists could attract additional mutual fund inflows, as midcap funds are required to invest at least 65% of their assets in midcap stocks.

Seven New Names Expected in the Smallcap Category

A separate group of newly listed companies is expected to be slotted into the small-cap category, which includes firms ranked 251 and below by market capitalisation.

Companies likely to join the small-cap universe include:

• Pine Labs

• NSDL

• Urban Company

• JSW Cement

• Aditya Infotech

• Travel Food Services

• Jain Resources Recycling

These additions reflect the increasing diversity of companies going public across fintech, travel services, cement manufacturing, and digital platforms.

Why AMFI Reclassification Matters for Mutual Funds?

The upcoming reshuffle has major implications for fund managers as each equity category must follow strict allocation rules:

• Large-cap funds must invest at least 80% of their assets in largecap stocks.

• Large & midcap funds must allocate at least 35% to both categories.

• Midcap funds must keep 65% or more in midcap stocks.

• Small-cap funds must maintain 65% exposure to smallcap names.

• Flexi-cap funds are free to invest across market caps.

These allocation rules mean any shift in AMFI’s categorisation directly impacts mutual fund buying and selling patterns, often influencing stock prices in the short term.

Existing Stocks May Also Shift Categories

It’s not just newly listed companies that could see changes. Experts expect several existing names to move between categories during the upcoming AMFI reshuffle.

Stocks that may move from midcap to largecap include:

• Muthoot Finance

• HDFC Asset Management

• Canara Bank

• Bosch

• Polycab India

• Cummins India

• Hero MotoCorp

Meanwhile, among smallcaps, companies such as Endurance Technologies, Poonawalla Fincorp, and Apar Industries may shift upward into the midcap basket.

Such migrations often reflect sustained performance, improved market capitalisation, and growing investor interest across these companies.

Conclusion

With AMFI’s reclassification scheduled for early January, the market is gearing up for notable shifts across the large-cap, midcap, and small-cap segments.
Newly listed companies such as Groww, Lenskart, Tata Capital, and Pine Labs are likely to reshape how mutual funds allocate portfolios in 2025.

As the reshuffle approaches, investors and fund managers are closely watching the developments, anticipating how these changes may influence sectoral allocations and market flows.