AMFI classification: These 6 stocks can move to largecaps; what should you do?

Midcaps are in a better position to deliver strong returns in the long run. Hence, investors can look at a portfolio of quality mid and largecaps, experts said.

Largecaps have been instrumental in Sensex and Nifty's ascent to 40,000 and 12,000, respectively. Riding on their stellar performance, both benchmark indices have surged about 9 percent in the first six months of 2019.

After a SEBI circular in October 2017 on restructuring mutual fund schemes to avoid duplicate schemes and rationalize stock holding, AMFI has been mandated with reviewing the list of large/small/midcap stocks based on the 6-month average market capitalisation criteria. This list is released every six months and is due in July first week.

According to AMFI, largecaps comprise the top 100 listed companies in terms of full market capitalisation. Midcaps comprise 101st to 250th company and the rest of the companies fall under the category.

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