Nifty Midcap 100

Nifty Midcap 100 Today

The NIFTY Midcap 100 index is an equities index on the National Stock Exchange (NSE) that tracks the midcap segment's movement. It comprises 100 stocks, including 50 from NIFTY Midcap 50 and 50 from the NIFTY Midcap 150 index, covering 18 sectors like Financial Services, Capital goods, Oil, Gas & Consumable Fuels, and Healthcare. As of June 2022, it represents almost 11% of float-adjusted market capitalization on NSE. The index was launched in 2005 and has since breached the level of 27,000. 

It is reconstituted semi-annually to reflect the changing dynamics of Indian financial markets and the economy. The index is regulated by a three-tier structure that includes NSE Indices Limited's Board of Directors, the Index Advisory Committee (Equity), and the Index Maintenance Sub-Committee. It also has a variant, the Midcap NIFTY 100 Total Returns Index, which is ideal for benchmarking fund portfolios, index funds, and ETFs like the MO Midcap 100 ETF.

How is NIFTY Midcap 100 Calculated?

The index value is calculated as follows:

Index value = Current free-float market capitalization/ (Base free-float market capitalization * Base Index Value)

The NIFTY Midcap 100 index is evaluated semi-annually, using six months of data from January and July. The replacement of stocks in NIFTY Midcap 100 (if any) begins on the final trading day of March and September.

How to Invest in Nifty Midcap 100? 

You may invest in the Nifty Midcap 100 in two ways:

1. Individual Stock Investment: You can invest directly in individual stocks from the Nifty Midcap 100 stocks list. This strategy necessitates a thorough investigation of each stock's performance, finances, and market movements.
2. Exchange Traded Funds: For a more diversified strategy, invest in ETFs that follow the Nifty Midcap 100. This strategy exposes a basket of midcap equities, which lowers risk as compared to choosing individual stocks. Investors should consider their risk tolerance, investment horizon, and financial objectives before deciding on the best way to participate in the Nifty Midcap 100.

Nifty Midcap 100 Stocks Selection Criteria

• Computed by weighing 100 stocks based on free-float market capitalization.
• Eligibility criteria include listing on the National Stock Exchange, inclusion of all companies from NIFTY Midcap 50, inclusion of securities from NIFTY Midcap 150 based on average daily turnover, exclusion of securities below 130 or excluded from NIFTY Midcap 150, and judging newly listed securities based on three-month period data.
• Equities with differential voting rights (DVRs) are eligible, but fixed-return instruments are excluded.

You can follow daily the midcap nifty chart with BlinkX.