Nifty MidSmall India Consumption PE Ratio
Valuation Percentile
Nifty MidSmall India Consumption's PB is cheaper than 98% of the last 3 years.
Not enough history for a 5Y percentile, showing 3Y instead.
The Nifty MidSmall India Consumption PE ratio is 48.59 as of 1 October 2026, about 28% below its 3-year median of 67.17, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 3 Years | 67.17 | -27.66% |
| 1 Year | 79.45 | -38.85% |
Historical PE Ratio
Series start. P/E is published from 10 Oct 2022. Index values go back to 1 Apr 2005.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Nifty MidSmall India Consumption earnings grew +18.97% a year over the last 3 years, while the index moved +9.53% a year and its P/E went from 62.3 to 48.6.
Earnings growth is annualised from the last trading day at or before the start of each window to 1 Oct 2026. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Ways to invest in Nifty MidSmall India Consumption
0 ETFs and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.
Index funds (1)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| Motilal Oswal Nifty MidSmall India Consumption Index Fund | Motilal Oswal Asset Management Company Limited | 9.191 Oct 2026 | 2024 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2022 returned a median of +14.86% (best +59.35%, worst -13.41%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty MidSmall India Consumption. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty MidSmall India Consumption
The Nifty MidSmall India Consumption contains 30 constituents. Its largest sectors by weight are Consumer Services (33.0%) and Fast Moving Consumer Goods (16.6%).
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
How this index works
- Selection
- The Nifty MidSmall India Consumption index aims to track the performance of the portfolio of stocks that broadly represent the consumption theme within the basic industries like pharmaceuticals, media and entertainment, telecom services, hotels, consumer electronics, residential, commercial
- Weight cap
- At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%.
Summarised from NSE's official methodology document (PDF) for the Nifty MidSmall India Consumption; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty MidSmall India Consumption PE ratio?
As of 1 October 2026, the Nifty MidSmall India Consumption PE ratio is 48.59. That is about 28% below its 3-year median of 67.17 and about 39% below its 1-year median of 79.45.
Is the Nifty MidSmall India Consumption undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 48.59 sits below every median window: 1-year (79.45) and 3-year (67.17).
What is a normal PE ratio for the Nifty MidSmall India Consumption?
Over the past three years its median PE has been 67.17, and over the past one year 79.45. Today's 48.59 is toward the lower end of that historical range.
How many stocks are in the Nifty MidSmall India Consumption?
The Nifty MidSmall India Consumption contains 30 stocks. By number of companies, its largest sectors are Healthcare (8 stocks), Consumer Durables (7 stocks) and Realty (4 stocks).
What returns has the Nifty MidSmall India Consumption delivered?
As of September 2026, the Nifty MidSmall India Consumption total return (with dividends reinvested) is -6.75% over the past year and +10.59% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.
How volatile is the Nifty MidSmall India Consumption?
Over the year to September 2026, the Nifty MidSmall India Consumption had an annualized volatility (standard deviation of daily returns) of 16.19%. Its beta versus the Nifty 50 is 1.03, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty MidSmall India Consumption?
Across every one-year holding window since 2022, the Nifty MidSmall India Consumption total return has a median of +14.86%, with the best window at +59.35% and the worst at -13.41%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty MidSmall India Consumption earnings grown?
Nifty MidSmall India Consumption earnings, measured as the index level divided by its P/E, grew +18.97% a year over the last 3 years, while the index itself moved +9.53% a year and its P/E fell from 62.30 to 48.59. Past growth, not a forecast.
Last updated: 1 October 2026.