ACC, Nykaa, HDFC AMC and Muthoot Fin likely to be dropped from Nifty 100

ACC, FSN E-Commerce Ventures (Nykaa), HDFC Asset Management (HDFC AMC), Muthoot Finance and Indus Towers are likely to get removed from the Nifty 100 index—an index of 100 large listed firms. Meanwhile, Jindal Steel and Power, Punjab National Bank, TVS Motor, Tube Investments and Zydus Lifesciences are expected to get added to the index. Union Bank of India is also a likely candidate for addition.

Interestingly, 8 Nifty 100 constituents are in the deletion zone. However, only 5 will be deleted in September as that is the maximum number of changes permitted at a single review, says analyst Brian Freitas of Periscope Analytics.

All of the potential adds are also expected to migrate from the mid-cap to the large-cap segment of the market at the next AMFI reclassification in June. On the other hand, Nykaa and Indus Towers are expected to move from the large-cap segment to the mid- cap segment.

How the Nifty 100 rejig will impact stocks

Likely additions	Estimated inflows	Likely deletions	Estimated outflows (Rs cr)
TVS Motor	330	ACC	182
Jindal Steel and Power	263	HDFC AMC	179
Punjab National Bank	194	Indus Towers	166
Zydus Lifesciences	164	Muthoot Finance	142
Tube Investments	137	Nykaa	85

Chart source: Smartkarma