NIFTY MIDCAP 50

The primary objective of the Nifty Midcap 50 Index is to capture the movement of the midcap segment of the market. The index
comprises of 50 stocks listed and is also available for trading in F&O segment at National Stock Exchange (NSE).
Nifty Midcap 50 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free
float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Midcap 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs
and structured products.
Index Variants: Nifty Midcap 50 Total Returns Index.

Eligibility Criteria for Selection of

Constituent Stocks
i. C o m p a n i e s w i t h a v e r a g e m a r k e t
capitalization ranging from Rs. 1000 Crore
to Rs. 5000 Crore at the time of selection.
ii. Companies which are forming part of the
CNX NIFTY index are excluded.

Index
Methodology

Bloomberg:
NIFTYM50
Thomson Reuters:
.NSMID50
Contact Us:
Email: iisl@nse.co.in
Tel: +91 22 26598386
Fax: +91 22 26598120

iii. Companies that are allowed to trade in F&O

segment are only eligible to be constituent
of the index.
iv. Final selection of 50 companies shall be
done based on the free-float market
capitalization of the companies.

Index Re-Balancing:
Index is re-balanced on semi annual
basis. The cut-off date is January 31 and
July 31 of each year, i.e. For semiannual review of indices, average data
for six months ending the cut-off data is
considered. Four weeks prior notice is
given to market from the date of change.

Index Govenance:
A professional team at IISL manages
Nifty Midcap 50 Index. There is a threetier governance structure comprising the
Board of Directors of IISL, the Index
Policy Committee, and the Index
Maintenance Sub-Committee.

NIFTY MIDCAP 50
September 30, 2014

Portfolio Characteristics
Methodology
No. of Constituents
Launch Date
Base Date
Base Value
Calculation Frequency
Index Rebalancing

Statistics
Free Float Market Capitalization
50
January 01, 2004
1000
Real-time Daily
Semi-Annually

FINANCIAL SERVICES
ENERGY
PHARMA
INDUSTRIAL MANUFACTURING
CONSUMER GOODS
AUTOMOBILE
IT
CONSTRUCTION
FERTILISERS & PESTICIDES
METALS
SERVICES
CHEMICALS
TEXTILES
MEDIA & ENTERTAINMENT
CEMENT & CEMENT PRODUCTS

Returns (%)# -7.48

1.28
0.74

Since
Inception
29.17
22.04
1.05
0.98
0.82
0.86

P/B
1.72

Dividend Yield
1.25

1 Year
Std. Deviation *
Beta (Nifty)
Correlation (Nifty)

Sector Representation
Sector

Since
1 Year 5 Years Inception
35.82 65.97
4.47
11.19

QTD YTD

Weight
(%)
18.33
15.60
11.06
10.73
9.85
7.85
4.40
4.27
4.01
3.73
3.44
2.75
1.70
1.31
0.97

Fundamentals
P/E
16.11

5 Years

23.53

Top 10 constituents by weightage

Companys Name

Weight
(%)

Aurobindo Pharma Ltd.

5.05

Divi's Laboratories Ltd.

4.49

UPL Ltd.

4.01

Bharat Forge Ltd.

4.00

Aditya Birla Nuvo Ltd.

3.44

Power Finance Corporation Ltd.

3.30

MRF Ltd.

3.30

Hindustan Petroleum Corporation Ltd.

3.13

Reliance Infrastructure Ltd.

3.11

Siemens Ltd.

2.89

# QTD,YTD and 1 year returns are absolute returns.Returns for greater than one year are CAGR returns.
* Average daily standard deviation annualised
Disclaimer: All information contained herewith is provided for reference purpose only. IISL ensures accuracy and reliability of the above information to the best of its endeavors. However, IISL
makes no warranty or representation as to the accuracy, completeness or reliability of any of the information contained herein and disclaim any and all liability whatsoever to any person for any
damage or loss of any nature arising from or as a result of reliance on any of the information provided herein. The information contained in this document is not intended to provide any
professional advice.