NIFTY Midcap 50 Index

The primary objective of the NIFTY Midcap 50 Index is to capture the movement of the midcap segment of the market. NIFTY Midcap 50 includes top 50 companies based on full market capitalisation from NIFTY Midcap 150 index and on which derivative contracts are available on National Stock Exchange (NSE). In case 50 midcap stocks do not have derivatives contract available on them then it could have less than 50 stocks in the index.

Method of computation

NIFTY Midcap 50 is computed using free float market capitalisation weighted method, wherein the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value. The NIFTY Midcap 50 Index has a base date of Jan 1, 2004 and a base value of 1000.

Market Representation:

  • The NIFTY Midcap 50 Index represents about 5.8% of the free float market capitalization of the stocks listed on NSE as on March 31, 2017.
  • The total traded value for the last six months ending March 2017, of all index constituents is approximately 13% of the traded value of all stocks on NSE.

* NIFTY Midcap 50 Index was computed using market capitalization weighted method from the launch date till February 25, 2010.

Criteria for Selection of Constituent Stocks

The constituents and the criteria for the selection judge the effectiveness of the index. Selection of the index set is, inter alia, based on the following criteria:

  • To be considered for inclusion in NIFTY Midcap 50 index, companies must form part of NIFTY 150
  • Securities will be included if rank of any F&O constituent in NIFTY Midcap 150 based on full market capitalisation is among top 30
  • Securities will be included if full market capitalisation of any F&O constituent in NIFTY Midcap 150 is twice of the last constituent in NIFTY Midcap 50

Download Methodology (.pdf)

Download List of NIFTY Midcap 50 Stocks (.csv)

Download Fact sheet of NIFTY Midcap 50 (.pdf)

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