The complete Nifty Midcap Select Stocks List with their weightages are given below. Do read the post completely to get a better understanding of Index.
Table of Contents
What is Nifty Midcap Select?
The Nifty Midcap Select is a stock market index consisting of 25 midcap stocks in the Indian stock market. Midcap stocks in India are companies with a market capitalization above 22000 crore but less than 67000 crore. The stocks are selected by free float market capitalization technique by NSE. The Nifty Midcap Select is not the same as other midcap index variants such as Nifty Midcap 100, Nifty Midcap 150. The Index was launched on September 14, 2021 with a base date of October 3, 2005. Nifty Midcap Select has a derivative segment.
The index is maintained by NSE, stocks are added or removed to the index depending on their selection criteria which is given below.
Do checkout our post on other indices Bank Nifty, Nifty IT and Nifty Financial Service(Finnifty).
Nifty Midcap Select Stocks List with Weightage
The stocks are arranged from the highest weightage to their lowest weightage. Indian Hotels Co. Ltd. has the highest weightage in the index at 6.03% followed by Cummins India Ltd. at 6.01%.
| No. | Company Name | Sector | Symbol | Weightage |
|---|---|---|---|---|
| 1 | Indian Hotels Co. Ltd. | Consumer Services | INDHOTEL | 6.03% |
| 2 | Cummins India Ltd. | Capital Goods | CUMMINSIND | 6.01% |
| 3 | Bharat Forge Ltd. | Automobile and Auto Components | BHARATFORG | 4.96% |
| 4 | HDFC Asset Management Company Ltd. | Financial Services | HDFCAMC | 4.86% |
| 5 | Lupin Ltd. | Healthcare | LUPIN | 4.76% |
| 6 | AU Small Finance Bank Ltd. | Financial Services | AUBANK | 4.53% |
| 7 | Federal Bank Ltd. | Financial Services | FEDERALBNK | 4.53% |
| 8 | Persistent Systems Ltd. | Information Technology | PERSISTENT | 4.39% |
| 9 | Hindustan Petroleum Corporation Ltd. | Oil Gas & Consumable Fuels | HINDPETRO | 4.27% |
| 10 | Aurobindo Pharma Ltd. | Healthcare | AUROPHARMA | 4.16% |
| 11 | Ashok Leyland Ltd. | Capital Goods | ASHOKLEY | 4.02% |
| 12 | Godrej Properties Ltd. | Realty | GODREJPROP | 3.95% |
| 13 | Vodafone Idea Ltd. | Telecommunication | IDEA | 3.92% |
| 14 | Polycab India Ltd. | Capital Goods | POLYCAB | 3.91% |
| 15 | Voltas Ltd. | Consumer Durables | VOLTAS | 3.87% |
| 16 | Coforge Ltd. | Information Technology | COFORGE | 3.79% |
| 17 | IDFC First Bank Ltd. | Financial Services | IDFCFIRSTB | 3.77% |
| 18 | Container Corporation of India Ltd. | Services | CONCOR | 3.67% |
| 19 | PI Industries Ltd. | Chemicals | PIIND | 3.55% |
| 20 | Astral Ltd. | Capital Goods | ASTRAL | 3.23% |
| 21 | UPL Ltd. | Chemicals | UPL | 3.19% |
| 22 | MRF Ltd. | Automobile and Auto Components | MRF | 3.18% |
| 23 | Page Industries Ltd. | Textiles | PAGEIND | 2.75% |
| 24 | MphasiS Ltd. | Information Technology | MPHASIS | 2.37% |
| 25 | Jubilant Foodworks Ltd. | Consumer Services | JUBLFOOD | 2.36% |
Sectors in Nifty Midcap Select
There are a total of 13 sectors representing 25 stocks in the index.
| Industry | Total Weightage |
|---|---|
| Financial Services | 17.68% |
| Capital Goods | 17.17% |
| Information Technology | 10.54% |
| Healthcare | 8.92% |
| Consumer Services | 8.39% |
| Automobile and Auto Components | 8.14% |
| Chemicals | 6.73% |
| Oil Gas & Consumable Fuels | 4.24% |
| Realty | 3.95% |
| Telecommunication | 3.92% |
| Consumer Durables | 3.87% |
| Services | 3.67% |
| Textiles | 2.75% |
Nifty Midcap Index Chart
Index Methodology
- Stocks within Nifty Midcap 150 index which are available for trading on NSE’s Futures & Options segment are eligible to be a part of the index.
- The stocks are selected based on market cap, average daily turnover.
- Weight of each stock is based on its free float market capitalization.
- The index is reconstituted semi-annually.
How to invest in Nifty Midcap Select index?
Currently, there are no ETF that cover the Nifty Midcap Select index, the ideal way to invest in the midcap select index is to buy the stocks at the current weightage. A better strategy would be to invest in other Midcap Index such as Nifty Midcap 100, Nifty Midcap 150 who have their own ETFs.
FAQ on Nifty Midcap Select Index
How many stocks are there in Nifty Midcap Select Index?
There are 25 stocks in the index from 13 sectors.
Does the Nifty Midcap Select Index have derivatives?
Yes, Nifty Midcap Select has a derivative section. It trades under the symbol of Midcpnifty.
What is the lot size of Nifty Midcap select?
The lot size has been changed to 50 from 75.
What is the expiry of Nifty Midcap select index?
Monday is the weekly expiry of Nifty Midcap Index derivative contracts. The last Monday of the month is the expiry of monthly contracts. If Monday is a holiday the previous trading day is chosen as the expiry.
What is the name of Nifty Midcap Select Index?
Midcpnifty
What is the all time high of Nifty Midcap Select Index?
12063.90 is the all time high of the Nifty Midcap Select Index this was acheived on 14 June 2024.