Amfi reshuffle signals market leadership shift as BSE enters large-cap club
Awaiting price reaction for this filing.
AMFI's semi-annual reclassification for the second half of 2026 (effective August 1, 2026 to January 31, 2027) signals a market leadership shift, with capital markets, power equipment, PSU banks, telecom infrastructure and metals displacing several pharma, healthcare, auto and consumer names in the large-cap basket. Prominent new entrants include BSE, Vodafone Idea, Hitachi Energy India, Indian Bank, Indus Towers, BHEL, Jindal Steel and Billionbrains Garage Ventures, while large-caps now account for 59.5% of overall market cap, up marginally from 59.3%. Analysts note the reclassification directly shapes mutual fund investment universes and that NSE's upcoming IPO could further alter the large-cap composition.