AMFI reclassification: Smallcap stocks that got upgraded to midcaps. Do you own them?

The updated list of stocks that are classified based on the latest market capitalisation data is out. The mutual fund (MF) industry body AMFI conducts the exercise of reclassifying stocks as per their market capitalization twice a year in July and January. Large-cap stocks: Top 100 companies in terms of full market capitalisation; Mid-cap stocks: 101st to 250th stock; Small-cap stocks: from 251th stock onwards. Based on this reclassification, MFs rejig their portfolios. The latest data shows that 9 stocks graduated from being small-caps to mid-caps. Expect mid-cap funds to add these new stocks. These stocks are getting more visibility and put under the watch list of the fund managers. but it is unlikely that the fund managers could flock into these stocks with sizeable corpus. Portfolio data shown below are as of May 31, 2023. (Source: AMFI and ACEMF).

Punjab & Sind Bank
Total number of active equity schemes that held the stock: Nil
A sample of active schemes that held significant exposure: Nil

Carborundum Universal
Total number of active equity schemes that held the stock: 83
A sample of active schemes that held significant exposure: IDBI Dividend Yield, Kotak Small Cap and SBI Infrastructure Fund

Fertilizers and Chemicals Travancore
Total number of active equity schemes that held the stock: Nil
A sample of active schemes that held significant exposure: Nil

Also see: MC30 scheme analysis: Why we like the Nippon India Small Cap Fund

Bank of Maharashtra
Total number of active equity schemes that held the stock: Nil
A sample of active schemes that held significant exposure: Nil

Rail Vikas Nigam
Total number of active equity schemes that held the stock: 4
A sample of active schemes that held significant exposure: Bank of India Flexi Cap and Bank of India Large & Mid Cap Equity

Also read: Smallcap MFs outshine: Top schemes surge up to 12 times in 10 years

The New India Assurance Company
Total number of active equity schemes that held the stock: 1
A sample of active schemes that held significant exposure: SBI Long Term Equity Fund

Jindal Stainless
Total number of active equity schemes that held the stock: 21
A sample of active schemes that held significant exposure: ICICI Pru Commodities, Bank of India Mid & Small Cap Equity & Debt and Tata Resources & Energy Fund

Read here: 12 new midcap stocks that PMS fund managers picked in May. Do you own any?

Bharat Dynamics
Total number of active equity schemes that held the stock: 31
A sample of active schemes that held significant exposure: Invesco India PSU Equity, HDFC Flexi Cap and ITI Small Cap Fund.

IIFL Finance
Total number of active equity schemes that held the stock: 7
A sample of active schemes that held significant exposure: WOC Mid Cap, WOC Flexi Cap and HSBC Small Cap Fund.

See here: Cautious of market highs, these large-caps exit MF portfolio