Top microcaps upgraded to smallcaps category on AMFI list. Do you own any?
In AMFI’s latest half-yearly rebalance of stocks, 23 stocks that were ranked below 500 in terms of market capitalisation have now graduated to become small-caps; ranked between 251 and 500
Mutual fund industry body, Association of Mutual Funds in India (AMFI), has published the updated list of large-cap, mid-cap and small-cap stocks for the six months ended June 2024. AMFI conducts this exercise twice a year (July and January) to provide uniformity in respect of the investment universe for various categories of equity MF schemes. The reclassification has been carried out based on the rank as per the full market capitalisation. Large Cap: 1st-100th company Mid Cap: 101st -250th company Small Cap: 251st company onwards
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Since there is no classification of microcap on the AMFI list, stocks that are ranked below 500 are considered as microcaps for our study. Lists that are as of December 2023 and as of June 2024 are compared. The study finds that there are 23 stocks that were ranked below 500 in the December 2023 review have been promoted to a ranking between 251 and 500 in June 2024 review. Here we display 12 such microcap stocks that are held by the most number of actively managed schemes as of May 2024. [Source: AMFI and ACEMF]
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Sobha AMFI’s rank as of Dec 2023 list: 526 AMFI’s rank as of June 2024 list: 369 Total no. of active schemes holding the stock: 56 Sector: Construction - Real Estate
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Sterling and Wilson Renewable Energy AMFI’s rank as of Dec 2023 list: 536 AMFI’s rank as of June 2024 list: 390 Total no. of active schemes holding the stock: 36 Sector: Engineering - Construction
Voltamp Transformers AMFI’s rank as of Dec 2023 list: 610 AMFI’s rank as of June 2024 list: 498 Total no. of active schemes holding the stock: 25 Sector: Electric Equipment
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Techno Electric & Engineering Company AMFI’s rank as of Dec 2023 list: 573 AMFI’s rank as of June 2024 list: 469 Total no. of active schemes holding the stock: 24 Sector: Engineering - Construction
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Gujarat Pipavav Port AMFI’s rank as of Dec 2023 list: 552 AMFI’s rank as of June 2024 list: 495 Total no. of active schemes holding the stock: 18 Sector: Port
Netweb Technologies India AMFI’s rank as of Dec 2023 list: 615 AMFI’s rank as of June 2024 list: 481 Total no. of active schemes holding the stock: 16 Sector: IT - Hardware
Newgen Software Technologies AMFI’s rank as of Dec 2023 list: 510 AMFI’s rank as of June 2024 list: 431 Total no. of active schemes holding the stock: 14 Sector: IT - Software
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Anand Rathi Wealth AMFI’s rank as of Dec 2023 list: 503 AMFI’s rank as of June 2024 list: 373 Total no. of active schemes holding the stock: 12 Sector: Finance - Others
Kirloskar Brothers AMFI’s rank as of Dec 2023 list: 533 AMFI’s rank as of June 2024 list: 475 Total no. of active schemes holding the stock: 10 Sector: Engineering - Industrial Equipments
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Gujarat State Fertilizers & Chemicals AMFI’s rank as of Dec 2023 list: 501 AMFI’s rank as of June 2024 list: 490 Total no. of active schemes holding the stock: 9 Sector: Fertilizers
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Jubilant Pharmova AMFI’s rank as of Dec 2023 list: 531 AMFI’s rank as of June 2024 list: 474 Total no. of active schemes holding the stock: 3 Sector: Pharmaceuticals & Drugs
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Railtel Corporation Of India AMFI’s rank as of Dec 2023 list: 520 AMFI’s rank as of June 2024 list: 417 Total no. of active schemes holding the stock: 3 Sector: Telecommunication - Service Provider
