Vedanta Aluminium is likely to be upgraded to the largecap category, while Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel may be classified as smallcaps in AMFI’s semi-annual reshuffle for H2 CY26 following Vedanta’s demerger, according to a prediction by Nuvama Institutional Equities.Vedanta’s demerged entities were listed on June 15, 2026. Based on current average market-cap levels, AMFI may raise the large-cap cut-off to approximately Rs 1.07 lakh crore (compared to Rs 1.05 lakh crore as of December 2025) and set the mid-cap threshold at around Rs 32,800 crore (compared to Rs 34,800 crore in December 2025).Also Read | Smallcap funds beat all equity mutual fund categories over 3 months. Should investors change SIP strategy? According to the report, Vedanta Aluminium has a market cap of Rs 1.84 lakh crore, while Vedanta Power stands at Rs 16,091 crore. Vedanta Oil & Gas has a market cap of Rs 13,765 crore, and Vedanta Iron & Steel is valued at Rs 8,646 crore.An ETMarkets report showed that on listing day, Vedanta Aluminium Metal debuted at Rs 527, Vedanta Power at Rs 41.30, Vedanta Iron & Steel at Rs 22, and Vedanta Oil & Gas at Rs 39. Residual Vedanta Limited’s market cap stood at Rs 1,21,000 crore, while Vedanta Aluminium Metal alone commanded Rs 2,06,000 crore, emerging as the single largest entity by value.Vedanta Power was valued at Rs 16,149.90 crore, Vedanta Iron & Steel at Rs 7,821 crore, and Vedanta Oil & Gas at Rs 14,859.47 crore.The Anil Agarwal-led group announced in April that each eligible shareholder will receive one share in each of the four companies for every share held in Vedanta on the record date, marking one of the biggest corporate restructurings in India’s metals and mining space.Vedanta had set May 1 as the record date for the much-awaited demerger. While Vedanta shares have already adjusted for the restructuring, investors are now awaiting the listing of the four newly carved-out companies.The change in categorisation does not lead to incremental inflows or outflows. Active mutual fund managers keep track of the list while taking fresh positions or adjusting holdings across different scheme categories, the report said.The cut-off period spans January 1, 2026, to June 30, 2026, and the categorisation will take effect from August 1, 2026.Also Read | Retirement savings gap after a career break? Expert shares how to recover without taking big risks The report further highlighted that BSE Vodafone Idea, Hitachi Energy India, Jindal Steel, Indian Bank, Indus Towers, Billionbrains Garage Ventures, and Bharat Heavy Electricals, which currently enjoy mid-cap status, are likely to be upgraded to large-cap status, with Vedanta Aluminium emerging as a new entrant in the large-cap segment.Hindustan Copper, NLC India, AIA Engineering, Ajanta Pharma, Aster DM Healthcare, and Sona BLW Precision Forgings, currently in the small-cap segment, may be upgraded to mid-cap status.Meanwhile, companies such as Lodha Developers, Indian Hotels Co., Mazagon Dock Shipbuilders, Max Healthcare Institute, LG Electronics India, Dr. Reddy’s Laboratories, Siemens Energy India, Bosch, and Hero MotoCorp, which currently enjoy large-cap status, may be downgraded to the mid-cap segment.Kaynes Technology India, SJVN, Cholamandalam Financial Holdings, Physicswallah, Global Health, and Crisil may lose their mid-cap status and move into the small-cap segment.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get them answered by our panel of experts. Do share your questions at ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.