NIFTY MIDCAP SELECT (MIDCPNIFTY) (NIFTY MID SELECT) live share price today at NSE

Nifty Midcap Select Index - A Brief Introduction

Nifty Midcap Select is the broad-based index of the National Stock Exchange (NSE). The index tracks and captures the performance of the 25 most liquid midcap stocks listed on the NSE. The constituents of the Nifty Midcap Select index are identified and selected based on their availability on the F&O segment, market cap, and average daily turnover. 

The Nifty Midcap Select was launched on 14th September 2021 by NSE Indices Limited. The index carries a base date of 3rd October 2005 and a base index value of 1000. The NSE Indices Limited, a wholly owned subsidiary of the National Stock Exchange, is responsible for owning, managing, and governing the Nifty Midcap Select index. 

The Nifty Midcap Select stocks list comprises 25 liquid midcap equity shares representing the 11 sectors of the Indian economy. These sectors include the financial services (23.29%), information technology (15.09%), healthcare (14.28%), capital goods (12.87%), consumer durables (7.76%), fast-moving consumer goods (6.38%) and 5 others. 

Nifty Midcap Select Share Price Formula & Calculation

Being a broad-based index, the Nifty Midcap Select is calculated using the free-float market capitalisation method. This method returns an index value that represents the aggregate free-float market cap of the index constituents. 

Nifty Midcap Select Formula - (Current free-float market cap) / (Base market cap * base index value)

Here, 

Base index value = 1000

Free float market cap = shares outstanding * IWF * capping factor * price 

Free float = Shares freely available for trading in secondary markets 

IWF = Investible weight factor

The stocks in the Nifty Midcap Select index are ranked according to their free float market capitalisation. Also, the index is reconstituted semiannually in March and September.

Nifty Midcap Select Stocks Eligibility Criteria

Nifty Midcap Select stocks are selected based on the following criteria:

1. The stock must be domiciled in India and listed on the National Stock Exchange. 
2. The company must form part of the Nifty 150 index. 
3. Index compulsorily includes the top 10 stocks from the eligible universe based on a 6-month average full market capitalisation. 
4. New stocks are included if the adjusted market cap is at least 1.5 times that of the smallest constituents. 
5. Stocks are excluded if they do not form part of the Nifty Midcap 150 index or their rank falls below 30 based on the market capitalisation.

Nifty Midcap Select Index Historical Returns

As of 30th May 2025, the Nifty Midcap select price returns for the last 5 years stand at 31.12%, along with a 1-year return of 11.92% and QTD returns of 10.10%. On the other hand, the total returns of the index for 5 years are 15.18%, for 1 year, 12.63%, and QTD returns are 10.24%.

Key Takeaways on Nifty Midcap Select Index

• The Nifty Midcap Select is a market index that tracks the real-time performance of the top 25 liquid NSE midcap stocks. 
• It was launched on 14th September 2021, with a base date and index value of 3rd October 2005 and 1000. 
• The index comprises of 25 listed equity shares which represent 11 sectors of the stock market. 
• The value of the Nifty Midcap Select index is calculated using the free float market capitalisation method. 
• As of 30th May 2025, the PE ratio, PB ratio, and dividend yield of the index are 53.62, 8.55, and 0.69, respectively.