NIFTY MIDSMALLCAP 400 (NIFTY MIDSMALLCAP 400) live share price today at NSE
23 October, 2025 22:48 | NSE : NIFTY MIDSMALLCAP 400

Nifty Midsmallcap 400 Index
The Nifty MidSmallCap 400 Index represents the small market capitalisation companies and forms a part of medium and small-sized companies. On 28th March 2025, the Mid Smallcap 400 companies, listed on the National Stock Exchange, were traded at a rate of 25.31% using the free-float market capitalisation method. The value of trading for the last six months across all sectors represented in the Nifty Midsmallcap 400 was approximately 42.78%.
The Nifty MidSmallcap 400 has diversified its portfolio into various sectors which are growing at a high level. There are many sectors in which the Nifty Small Cap 400 is involved, but the top three sectors with the highest weightage are Financial Services, Capital Goods, and Healthcare. The weight of these sectors is 22.78%, 14.05% and 12.43%. It engages in mid-small cap companies, which are highly momentum stocks and have high returns in the long term.
The National Stock Exchange launched the Nifty MidSmallcap 400 on 1st April 2016, with a Base Date of April 1, 2005, and a base value of 1000. The Total number of companies shall not be more than 401 and shall be calculated by the method based on free-float market capitalisation. The company is in the Nifty Mid-Small Cap 400 Index and shall be a part of the Nifty Midcap 150 and Nifty Small Cap 250 Index. Investing in the Nifty Midcap 400 enables investors to diversify their portfolios across various segments, offering an opportunity to gain exposure to these companies.
Key Aspects of the Nifty Midsmallcap 400
- The yearly Price Return of the Nifty Midsmallcap 400 Sector is 15.58%, and over 5 years, it is 16.94%.
- The total Standard Deviation, Beta, and correlation of the Nifty Midsmallcap 400 Sector are 20.98%, 0.83%, and 0.83%, respectively.
- The P/B ratio in the fundamentals is 4.12%, the P/E ratio is 31.89%, and the Dividend Yield is 0.8%.
- The top three diversified sector weightages of the Nifty Midsmallcap 400 Sector Index are Financial Services, Capital Goods, and Healthcare.
- The weightage of the top three sectors is 22.78%, 14.05%, and 12.43%.
Eligibility Criteria of the Nifty Midsmallcap 400 Index
- All the companies must be listed on the National Stock Exchange.
- For the Nifty Midsmallcap 400 Index, companies must be part of either the Nifty Mid Cap 150 or the Nifty Small Cap 250.
- The criteria for reviewing the Nifty Midsmallcap 400 Index are semi-annually and include the Nifty Mid Cap 150 and Nifty Small Cap 250.
- January 31 and July 31 shall be the cut-off dates every year.
- If there is any change in the market's stock prices, then it should provide four weeks' prior notice.
- The verification criteria for the newly listed security will take place after three months instead of six months.
- If the stock meets the inclusion criteria, it may be excluded if the inclusion condition of any other stock has a free-float market capitalisation that is 1.50 times the index's free-float market capitalisation.
Calculation and Formulation of the Nifty Smallcap 400 Index
The ranking of the stocks involved in the Nifty Smallcap 400 Index will be from 251 to 650, and the method of valuation will be based on free-float market capitalisation, with adjustments for bonus issues, rights issues, and split issues etc. The calculation of the Nifty Midsmallcap 400 Index is based on the free-float market capitalisation, with the outstanding basic shares, which implies an essential part for calculation in the Nifty SmallCap 400 Index.
The Free-float market capitalisation refers to the freely traded shares on the platform of the National Stock Exchange. There will be an exclusion of shares held by the government, promoters, investors, and analysts. The Calculation of the Nifty Midsmallcap Index will help investors to analyse the Top Small and medium companies on the NSE.
Formula of the Nifty Smallcap 400 Index = Current Free-Float Market Cap of 400 Stocks / Base Market Cap * Base Index Value.
Advantages of the Nifty Midsmallcap 400
The main advantage of the Nifty Midsmallcap 400 is that it provides support to the mid and small-cap companies, which are highly growing and have reasonable financial health, offering opportunities to investors for higher returns and long-term growth and stability.
- The chances of growth are higher in this sector as the Nifty Midsmallcap promotes the development of medium and small companies.
- The Nifty Midsmallcap 400 Index is primarily focused on the quality of the companies, which have strong financial conditions and those that reduce the risks for the long-term.
- The Nifty Midsmallcap 400 has different types of stocks, with more than 100 types of stocks. Investors have the opportunity to diversify their returns across various growing sectors.
- The rebalancing of the Nifty Midsmallcap Index is semi-annual, ensuring that the stocks contain high-quality and momentum in line with current market conditions.
Disadvantages of the Nifty Midsmallcap 400
- The companies engaged in the Nifty Midsmallcap 400 exhibit higher volatility, as they contribute to the large cap sector, resulting in widespread price changes.
- If there is an unexpected economic downturn in the ongoing trend, it leads to the underperformance of stocks, and the chances of high risk can increase.
- The companies in the Nifty Midsmallcap 400 are interdependent, so the change in the market condition of any stock will affect the volatility of the other stocks.
- The liquidity in these segments is low relative to other sectors, so investors face a high-risk, low-return situation after investing in the Nifty Midsmallcap 400.
How to Invest in the Nifty Midsmallcap 400?
There are various methods by which investing in the Nifty Midsmallcap 400Stocks can be done. The investor may choose a broker who helps them select high-potential stocks in the Nifty Midsmallcap 400. On the platform of the brokerage, Investors can assess the Mutual Funds or ETFs. The investors can track the performance of the Nifty Midsmallcap 400 through their demat account. The investors can choose the highly growing Nifty Midsmallcap 400 company for investing, which provides them with long-term growth and stability in the future. Investors can purchase shares of the mutual funds through the demat account and chase the long-term financial goals by investing in the high-potential growth.
Conclusion
The Nifty MidSmallcap 400 is used to analyse the behaviour of the companies that have small market capitalisation and are involved in the performance of the medium and small-sized companies. On March 28, 2025, the Mid Smallcap 400 companies, listed on the National Stock Exchange, were traded at a rate of 25.31% using the free-float market capitalisation method. The Nifty MidSmallcap 400 has diversified its portfolio into various sectors which are growing at a high level. There are many sectors in which the Nifty Small Cap 400 is involved, but the top three sectors with the highest weightage are Financial Services, Capital Goods, and Healthcare. The company is in the Nifty Mid-Small Cap 400 Index and shall be a part of the Nifty Midcap 150 and Nifty Small Cap 250 Index.
The main advantage of the Nifty Midsmallcap 400 is that it provides support to the mid and small-cap companies, which are highly growing and have reasonable financial health, offering opportunities to investors for higher returns and long-term growth and stability. The companies engaged in the Nifty Midsmallcap 400 exhibit higher volatility, as they contribute to the large cap sector, resulting in widespread price changes.
FAQs
What is Nifty Midsmallcap 400?
The Nifty MidSmallcap 400 is used to analyse the behaviour of the companies that have small market capitalisation and are involved in the performance of the medium and small-sized companies.
What are the key aspects of the Nifty Midsmallcap 400?
The yearly Price Return of the Nifty Midsmallcap 400 Sector is 15.58%, and over 5 years, it is 16.94%. The P/B ratio in the fundamentals is 4.12%, the P/E ratio is 31.89%, and the Dividend Yield is 0.8%. The top three diversified sector weightages of the Nifty Midsmallcap 400 Sector Index are Financial Services, Capital Goods, and Healthcare.
What are the benefits of the Nifty Midsmallcap 400?
The main advantage of the Nifty Midsmallcap 400 is that it provides support to the mid and small-cap companies, which are highly growing and have reasonable financial health, offering opportunities to investors for higher returns and long-term growth and stability.
How to Invest in the Nifty Mid-Small Cap 400?
There are various methods by which investing in the Nifty Midsmallcap 400Stocks can be done. The investor may choose a broker who helps them select high-potential stocks in the Nifty Midsmallcap 400. Investors can purchase shares of the mutual funds through the demat account and chase the long-term financial goals by investing in the high-potential growth.


