NIFTY MIDCAP 100

The Nifty Midcap 100 Index aims to capture the movement of the midcap segment of the Indian equity market. It comprises 100 tradable stocks listed on the NSE, including all constituents of the Nifty Midcap 50 and additional stocks selected based on turnover within the Nifty Midcap 150.

What is Nifty Midcap 100 Index?

The index is computed using the free-float market capitalisation method, where the level reflects the total free float market value of all constituent stocks relative to the base market capitalisation. It includes a Total Returns Index variant and is governed by a professional three-tier governance structure. The index is calculated in real-time and currently has 100 constituents.

Uses of Nifty Midcap 100 Index

The index is used for benchmarking fund portfolios, launching index funds, ETFs, and structured products. It provides investors and fund managers with a comprehensive representation of midcap market performance.

Launch Date and Base Date of Nifty Midcap 100 Index

The Nifty Midcap 100 Index was launched on January 1, 2003, which is also its base date. The base value is set at 1,000 points.

Nifty Midcap 100 Index Rebalancing

The index undergoes semi-annual rebalancing with cut-off dates on January 31 and July 31. Data from the preceding six months is used, and changes take effect on the last trading day of March and September, with four weeks’ prior notice given.

Top Companies and Weightage of Nifty Midcap 100 Index

As of the latest data, the top 10 constituents and their weightages are:

• BSE Limited — 2.84%
• Hero MotoCorp Limited — 2.42%
• Dixon Technologies (India) Limited — 2.28%
• Suzlon Energy Limited — 2.27%
• PB Fintech Limited — 1.95%
• HDFC Asset Management Company Limited — 1.91%
• Coforge Limited — 1.81%
• Cummins India Limited — 1.81%
• Persistent Systems Limited — 1.76%
• Fortis Healthcare Limited — 1.72%

Nifty Midcap 100 Index Methodology

Eligibility Criteria

• Includes all Nifty Midcap 50 constituents plus additional securities ranked by turnover within the Nifty Midcap 150.
• Constituents are included based on average daily turnover rankings among the Nifty Midcap 150.
• Exclusions apply to securities with turnover ranks below 130 or removed from the Nifty Midcap 150.

Calculation Method

The index is calculated using the free-float market capitalisation weighted approach, updated continuously during market hours to accurately reflect the market value of freely traded shares.

Performance Metrics

As of September 30, 2025:

Returns (Total Return Index):

• QTD: -5.16%
• YTD: -0.70%
• 1 Year (Absolute): -5.51%
• 5 Years CAGR: 28.16%
• Since Inception CAGR: 21.00%

Fundamentals:

• P/E Ratio: 32.7
• P/B Ratio: 0.86
• Dividend Yield: 4.04%

Risk Metrics (Price Return Index basis):

• Standard Deviation: 18.05%
• Beta (relative to Nifty 50): 1.15
• Correlation (with Nifty 50): 0.85