indexPe

Nifty MidSmallcap400 50:50 PE Ratio

Fairly ValuedOtherNSELast updated: 1 Oct 2026
Select Metric:
Current PE Ratio
30.81
6M Median PE
31.71
vs 6M Median
-2.84%

Valuation Percentile

Not enough history yet for a percentile.

The Nifty MidSmallcap400 50:50 PE ratio is 30.81 as of 1 October 2026, about 3% below its 6-month median of 31.71, which places it in fairly valued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
6 Months31.71-2.84%
3 Months31.78-3.05%

Historical PE Ratio

Series start. P/E is published from 3 Feb 2026. 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 MidSmallcap400 50:50 index earnings (EPS, index points)

Earnings growth is annualised from the last trading day at or before the start of each window. 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 MidSmallcap400 50:50

0 ETFs and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.

Index funds (1)

FundAMCNAVSince
Zerodha Nifty MidSmallcap400 50 50 Index FundZerodha Asset Management Private Limited10.811 Oct 20262026

Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.

Performance and risk

1Y total return
+6.00%
5Y total return (p.a.)
+14.69%
Volatility (1Y std dev)
16.40%
Beta vs Nifty 50 (1Y)
1.05

View full performance and risk

Returns as of September 2026, from the NSE factsheet for the Nifty MidSmallcap400 50:50. 1-year returns are absolute; 5-year returns are annualized.

Stocks in the Nifty MidSmallcap400 50:50

The Nifty MidSmallcap400 50:50 contains 401 constituents. Its largest sectors by weight are Financial Services (23.1%) and Capital Goods (13.7%).

Financial Services: 23.1%Capital Goods: 13.7%Healthcare: 10.9%Automobile and Auto Components: 8.4%Consumer Services: 5.5%Chemicals: 5.0%+14 more sectors

Recent changes

4 October 2026: Added Aether Industries Ltd., Avanti Feeds Ltd., Azad Engineering Ltd., Bagmane Prime Office REIT, Bharat Coking Coal Ltd., Black Box Ltd., Brookfield India Real Estate Trust, Central Mine Planning & Design Institute Ltd., Clean Max Enviro Energy Solutions Ltd., Cupid Ltd., EMBASSY OFFICE PARKS REIT, Fractal Analytics Ltd., INOX India Ltd., Indian Hotels Co. Ltd., KSB Ltd., Kirloskar Brothers Ltd., Lodha Developers Ltd., MTAR Technologies Ltd., Privi Speciality Chemicals Ltd., REC Ltd., Rubicon Research Ltd., SPR Auto Technologies Ltd., Sansera Engineering Ltd., Shree Cement Ltd., Sterlite Technologies Ltd., TD Power Systems Ltd., Thangamayil Jewellery Ltd., United Spirits Ltd., Vedanta Iron and Steel Ltd., Vedanta Oil and Gas Ltd., Vedanta Power Ltd.. Removed 3M India Ltd., Aditya Birla Fashion and Retail Ltd., Aditya Birla Lifestyle Brands Ltd., BSE Ltd., Bayer Cropscience Ltd., Bikaji Foods International Ltd., Blue Dart Express Ltd., Blue Jet Healthcare Ltd., Bombay Burmah Trading Corporation Ltd., C.E. Info Systems Ltd., Chalet Hotels Ltd., DCM Shriram Ltd., Eris Lifesciences Ltd., Go Digit General Insurance Ltd., Hitachi Energy India Ltd., Indegene Ltd., JSW Dulux Ltd., Jubilant Pharmova Ltd., Latent View Analytics Ltd., Leela Palaces Hotels & Resorts Ltd., Newgen Software Technologies Ltd., Niva Bupa Health Insurance Company Ltd., Pfizer Ltd., Polycab India Ltd., SBFC Finance Ltd., Sapphire Foods India Ltd., Saregama India Ltd, Sonata Software Ltd., Supreme Petrochem Ltd., Travel Food Services Ltd., Vodafone Idea Ltd..

27 September 2026: Added HEG Advanced Materials Ltd.. Removed HEG Ltd..

13 September 2026: Added Dummy HEG Ltd..

SymbolCompanyIndustryWeight(%)
MCXMulti Commodity Exchange of India Ltd.Financial Services1.03
FEDERALBNKFederal Bank Ltd.Financial Services0.96
LAURUSLABSLaurus Labs Ltd.Healthcare0.94
PAYTMOne 97 Communications Ltd.Financial Services0.89
SONACOMSSona BLW Precision Forgings Ltd.Automobile and Auto Components0.84
HEROMOTOCOHero MotoCorp Ltd.Automobile and Auto Components0.83
WELCORPWelspun Corp Ltd.Capital Goods0.80
INDHOTELIndian Hotels Co. Ltd.Consumer Services0.78
COFORGECoforge Ltd.Information Technology0.75
BHELBharat Heavy Electricals Ltd.Capital Goods0.74
360ONE360 ONE WAM Ltd.Financial Services
ACCACC Ltd.Construction Materials
ACMESOLARACME Solar Holdings Ltd.Power
AIAENGAIA Engineering Ltd.Capital Goods
APLAPOLLOAPL Apollo Tubes Ltd.Capital Goods
AUBANKAU Small Finance Bank Ltd.Financial Services
AWLAWL Agri Business Ltd.Fast Moving Consumer Goods
AADHARHFCAadhar Housing Finance Ltd.Financial Services
AARTIINDAarti Industries Ltd.Chemicals
AAVASAavas Financiers Ltd.Financial Services
ABBOTINDIAAbbott India Ltd.Healthcare
ACEAction Construction Equipment Ltd.Capital Goods
ACUTAASAcutaas Chemicals Ltd.Healthcare
ATGLAdani Total Gas Ltd.Oil Gas & Consumable Fuels
ABCAPITALAditya Birla Capital Ltd.Financial Services
ABRELAditya Birla Real Estate Ltd.Realty
ABSLAMCAditya Birla Sun Life AMC Ltd.Financial Services
CPPLUSAditya Infotech Ltd.Capital Goods
AEGISLOGAegis Logistics Ltd.Oil Gas & Consumable Fuels
AEGISVOPAKAegis Vopak Terminals Ltd.Oil Gas & Consumable Fuels
AETHERAether Industries Ltd.Chemicals
AFCONSAfcons Infrastructure Ltd.Construction
AFFLEAffle 3i Ltd.Information Technology
AJANTPHARMAjanta Pharmaceuticals Ltd.Healthcare
ALKEMAlkem Laboratories Ltd.Healthcare
ABDLAllied Blenders and Distillers Ltd.Fast Moving Consumer Goods
ARE&MAmara Raja Energy & Mobility Ltd.Automobile and Auto Components
AMBERAmber Enterprises India Ltd.Consumer Durables
ANANDRATHIAnand Rathi Wealth Ltd.Financial Services
ANANTRAJAnant Raj Ltd.Realty
ANGELONEAngel One Ltd.Financial Services
ANTHEMAnthem Biosciences Ltd.Healthcare
ANURASAnupam Rasayan India Ltd.Chemicals
APARINDSApar Industries Ltd.Capital Goods
APOLLOTYREApollo Tyres Ltd.Automobile and Auto Components
APTUSAptus Value Housing Finance India Ltd.Financial Services
ASAHIINDIAAsahi India Glass Ltd.Automobile and Auto Components
ASHOKLEYAshok Leyland Ltd.Capital Goods
ASTERDMAster DM Quality Care Ltd.Healthcare
ASTRALAstral Ltd.Capital Goods
ATHERENERGAther Energy Ltd.Automobile and Auto Components
ATULAtul Ltd.Chemicals
AUROPHARMAAurobindo Pharma Ltd.Healthcare
AIILAuthum Investment & Infrastructure Ltd.Financial Services
AVANTIFEEDAvanti Feeds Ltd.Fast Moving Consumer Goods
AZADAzad Engineering Ltd.Capital Goods
BEMLBEML Ltd.Capital Goods
BLSBLS International Services Ltd.Consumer Services
BAGMANEBagmane Prime Office REITRealty
BAJAJHFLBajaj Housing Finance Ltd.Financial Services
BALKRISINDBalkrishna Industries Ltd.Automobile and Auto Components
BALRAMCHINBalrampur Chini Mills Ltd.Fast Moving Consumer Goods
BANDHANBNKBandhan Bank Ltd.Financial Services
BANKINDIABank of IndiaFinancial Services
MAHABANKBank of MaharashtraFinancial Services
BATAINDIABata India Ltd.Consumer Durables
BELRISEBelrise Industries Ltd.Automobile and Auto Components
BERGEPAINTBerger Paints India Ltd.Consumer Durables
BHARATCOALBharat Coking Coal Ltd.Oil Gas & Consumable Fuels
BDLBharat Dynamics Ltd.Capital Goods
BHARATFORGBharat Forge Ltd.Automobile and Auto Components
BHARTIHEXABharti Hexacom Ltd.Telecommunication
GROWWBillionbrains Garage Ventures Ltd.Financial Services
BIOCONBiocon Ltd.Healthcare
BSOFTBirlasoft Ltd.Information Technology
BBOXBlack Box Ltd.Information Technology
BLUESTARCOBlue Star Ltd.Consumer Durables
FIRSTCRYBrainbees Solutions Ltd.Consumer Services
BRIGADEBrigade Enterprises Ltd.Realty
BIRETBrookfield India Real Estate TrustRealty
CCLCCL Products (I) Ltd.Fast Moving Consumer Goods
CESCCESC Ltd.Power
CIEINDIACIE Automotive India Ltd.Automobile and Auto Components
CRISILCRISIL Ltd.Financial Services
CANFINHOMECan Fin Homes Ltd.Financial Services
CANHLIFECanara HSBC Life Insurance Company Ltd.Financial Services
CAPLIPOINTCaplin Point Laboratories Ltd.Healthcare
CGCLCapri Global Capital Ltd.Financial Services
CARBORUNIVCarborundum Universal Ltd.Capital Goods
CARTRADECartrade Tech Ltd.Consumer Services
CASTROLINDCastrol India Ltd.Oil Gas & Consumable Fuels
CEATLTDCeat Ltd.Automobile and Auto Components
CEMPROCemindia Projects Ltd.Construction
CENTRALBKCentral Bank of IndiaFinancial Services
CDSLCentral Depository Services (India) Ltd.Financial Services
CMPDICentral Mine Planning & Design Institute Ltd.Services
CHAMBLFERTChambal Fertilizers & Chemicals Ltd.Chemicals
CHENNPETROChennai Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
CHOICEINChoice International Ltd.Financial Services
CHOLAHLDNGCholamandalam Financial Holdings Ltd.Financial Services
CUBCity Union Bank Ltd.Financial Services
CLEANMAXClean Max Enviro Energy Solutions Ltd.Power
CLEANClean Science and Technology Ltd.Chemicals
COCHINSHIPCochin Shipyard Ltd.Capital Goods
COHANCECohance Lifesciences Ltd.Healthcare
COLPALColgate Palmolive (India) Ltd.Fast Moving Consumer Goods
CAMSComputer Age Management Services Ltd.Financial Services
CONCORDBIOConcord Biotech Ltd.Healthcare
CONCORContainer Corporation of India Ltd.Services
COROMANDELCoromandel International Ltd.Chemicals
CRAFTSMANCraftsman Automation Ltd.Automobile and Auto Components
CREDITACCCreditAccess Grameen Ltd.Financial Services
CROMPTONCrompton Greaves Consumer Electricals Ltd.Consumer Durables
CUPIDCupid Ltd.Fast Moving Consumer Goods
CYIENTCyient Ltd.Information Technology
DOMSDOMS Industries Ltd.Fast Moving Consumer Goods
DABURDabur India Ltd.Fast Moving Consumer Goods
DALBHARATDalmia Bharat Ltd.Construction Materials
DATAPATTNSData Patterns (India) Ltd.Capital Goods
DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. Ltd.Chemicals
DEEPAKNTRDeepak Nitrite Ltd.Chemicals
DELHIVERYDelhivery Ltd.Services
DEVYANIDevyani International Ltd.Consumer Services
DIXONDixon Technologies (India) Ltd.Consumer Durables
LALPATHLABDr. Lal Path Labs Ltd.Healthcare
DUMMYHEGDummy HEG Ltd.Capital Goods
EIDPARRYE.I.D. Parry (India) Ltd.Fast Moving Consumer Goods
EIHOTELEIH Ltd.Consumer Services
EMBASSYEMBASSY OFFICE PARKS REITRealty
ELECONElecon Engineering Co. Ltd.Capital Goods
ELGIEQUIPElgi Equipments Ltd.Capital Goods
EMAMILTDEmami Ltd.Fast Moving Consumer Goods
EMCUREEmcure Pharmaceuticals Ltd.Healthcare
EMMVEEEmmvee Photovoltaic Power Ltd.Capital Goods
ENDURANCEEndurance Technologies Ltd.Automobile and Auto Components
ENGINERSINEngineers India Ltd.Construction
ESCORTSEscorts Kubota Ltd.Capital Goods
EXIDEINDExide Industries Ltd.Automobile and Auto Components
NYKAAFSN E-Commerce Ventures Ltd.Consumer Services
FACTFertilisers and Chemicals Travancore Ltd.Chemicals
FINCABLESFinolex Cables Ltd.Capital Goods
FSLFirstsource Solutions Ltd.Services
FIVESTARFive-Star Business Finance Ltd.Financial Services
FORCEMOTForce Motors Ltd.Automobile and Auto Components
FORTISFortis Healthcare Ltd.Healthcare
FRACTALFractal Analytics Ltd.Information Technology
GVT&DGE Vernova T&D India Ltd.Capital Goods
GMRAIRPORTGMR Airports Ltd.Services
GABRIELGabriel India Ltd.Automobile and Auto Components
GALLANTTGallantt Ispat Ltd.Capital Goods
GRSEGarden Reach Shipbuilders & Engineers Ltd.Capital Goods
GICREGeneral Insurance Corporation of IndiaFinancial Services
GILLETTEGillette India Ltd.Fast Moving Consumer Goods
GLANDGland Pharma Ltd.Healthcare
GLAXOGlaxosmithkline Pharmaceuticals Ltd.Healthcare
GLENMARKGlenmark Pharmaceuticals Ltd.Healthcare
MEDANTAGlobal Health Ltd.Healthcare
GPILGodawari Power & Ispat Ltd.Capital Goods
GODFRYPHLPGodfrey Phillips India Ltd.Fast Moving Consumer Goods
GODREJINDGodrej Industries Ltd.Diversified
GODREJPROPGodrej Properties Ltd.Realty
GRANULESGranules India Ltd.Healthcare
GRAPHITEGraphite India Ltd.Capital Goods
GRAVITAGravita India Ltd.Metals & Mining
GESHIPGreat Eastern Shipping Co. Ltd.Services
FLUOROCHEMGujarat Fluorochemicals Ltd.Chemicals
GMDCLTDGujarat Mineral Development Corporation Ltd.Metals & Mining
HBLENGINEHBL Engineering Ltd.Capital Goods
HDBFSHDB Financial Services Ltd.Financial Services
HEGAMHEG Advanced Materials Ltd.Capital Goods
HFCLHFCL Ltd.Telecommunication
HAVELLSHavells India Ltd.Consumer Durables
HEXTHexaware Technologies Ltd.Information Technology
HSCLHimadri Speciality Chemical Ltd.Chemicals
HINDCOPPERHindustan Copper Ltd.Metals & Mining
HINDPETROHindustan Petroleum Corporation Ltd.Oil Gas & Consumable Fuels
HOMEFIRSTHome First Finance Company India Ltd.Financial Services
HONASAHonasa Consumer Ltd.Fast Moving Consumer Goods
HONAUTHoneywell Automation India Ltd.Capital Goods
HUDCOHousing & Urban Development Corporation Ltd.Financial Services
ICICIGIICICI Lombard General Insurance Company Ltd.Financial Services
ICICIAMCICICI Prudential Asset Management Company Ltd.Financial Services
ICICIPRULIICICI Prudential Life Insurance Company Ltd.Financial Services
IDBIIDBI Bank Ltd.Financial Services
IDFCFIRSTBIDFC First Bank Ltd.Financial Services
IFCIIFCI Ltd.Financial Services
IIFLIIFL Finance Ltd.Financial Services
INOXINDIAINOX India Ltd.Capital Goods
IRBIRB Infrastructure Developers Ltd.Construction
IRCONIRCON International Ltd.Construction
ITCHOTELSITC Hotels Ltd.Consumer Services
ITIITI Ltd.Telecommunication
INDIACEMIndia Cements Ltd.Construction Materials
INDIAMARTIndiamart Intermesh Ltd.Consumer Services
INDIANBIndian BankFinancial Services
IEXIndian Energy Exchange Ltd.Financial Services
IOBIndian Overseas BankFinancial Services
IRCTCIndian Railway Catering And Tourism Corporation Ltd.Consumer Services
IREDAIndian Renewable Energy Development Agency Ltd.Financial Services
IGLIndraprastha Gas Ltd.Oil Gas & Consumable Fuels
INDUSTOWERIndus Towers Ltd.Telecommunication
INDUSINDBKIndusInd Bank Ltd.Financial Services
NAUKRIInfo Edge (India) Ltd.Consumer Services
INOXWINDInox Wind Ltd.Capital Goods
INTELLECTIntellect Design Arena Ltd.Information Technology
IGILInternational Gemological Institute Ltd.Services
IKSInventurus Knowledge Solutions Ltd.Information Technology
IPCALABIpca Laboratories Ltd.Healthcare
JKCEMENTJ.K. Cement Ltd.Construction Materials
JBMAJBM Auto Ltd.Automobile and Auto Components
JKTYREJK Tyre & Industries Ltd.Automobile and Auto Components
JMFINANCILJM Financial Ltd.Financial Services
JSWCEMENTJSW Cement Ltd.Construction Materials
JSWENERGYJSW Energy Ltd.Power
JSWINFRAJSW Infrastructure Ltd.Services
JAINRECJain Resource Recycling Ltd.Metals & Mining
JPPOWERJaiprakash Power Ventures Ltd.Power
J&KBANKJammu & Kashmir Bank Ltd.Financial Services
JINDALSAWJindal Saw Ltd.Capital Goods
JSLJindal Stainless Ltd.Metals & Mining
JUBLFOODJubilant Foodworks Ltd.Consumer Services
JUBLINGREAJubilant Ingrevia Ltd.Chemicals
JWLJupiter Wagons Ltd.Capital Goods
JYOTICNCJyoti CNC Automation Ltd.Capital Goods
KPRMILLK.P.R. Mill Ltd.Textiles
KEIKEI Industries Ltd.Capital Goods
KPITTECHKPIT Technologies Ltd.Information Technology
KSBKSB Ltd.Capital Goods
KAJARIACERKajaria Ceramics Ltd.Consumer Durables
KPILKalpataru Projects International Ltd.Construction
KALYANKJILKalyan Jewellers India Ltd.Consumer Durables
KARURVYSYAKarur Vysya Bank Ltd.Financial Services
KAYNESKaynes Technology India Ltd.Capital Goods
KECKec International Ltd.Construction
KFINTECHKfin Technologies Ltd.Financial Services
KIRLOSBROSKirloskar Brothers Ltd.Capital Goods
KIRLOSENGKirloskar Oil Eng Ltd.Capital Goods
KIMSKrishna Institute of Medical Sciences Ltd.Healthcare
LTFL&T Finance Ltd.Financial Services
LTTSL&T Technology Services Ltd.Information Technology
LGEINDIALG Electronics India Ltd.Consumer Durables
LICHSGFINLIC Housing Finance Ltd.Financial Services
LTFOODSLT Foods Ltd.Fast Moving Consumer Goods
LEMONTREELemon Tree Hotels Ltd.Consumer Services
LENSKARTLenskart Solutions Ltd.Consumer Services
LICILife Insurance Corporation of IndiaFinancial Services
LINDEINDIALinde India Ltd.Chemicals
LLOYDSMELloyds Metals And Energy Ltd.Metals & Mining
LODHALodha Developers Ltd.Realty
LUPINLupin Ltd.Healthcare
MMTCMMTC Ltd.Services
MRFMRF Ltd.Automobile and Auto Components
MTARTECHMTAR Technologies Ltd.Capital Goods
MGLMahanagar Gas Ltd.Oil Gas & Consumable Fuels
M&MFINMahindra & Mahindra Financial Services Ltd.Financial Services
MANAPPURAMManappuram Finance Ltd.Financial Services
MRPLMangalore Refinery & Petrochemicals Ltd.Oil Gas & Consumable Fuels
MANKINDMankind Pharma Ltd.Healthcare
MARICOMarico Ltd.Fast Moving Consumer Goods
MFSLMax Financial Services Ltd.Financial Services
MEESHOMeesho Ltd.Consumer Services
MINDACORPMinda Corporation Ltd.Automobile and Auto Components
MSUMIMotherson Sumi Wiring India Ltd.Automobile and Auto Components
MOTILALOFSMotilal Oswal Financial Services Ltd.Financial Services
MPHASISMphasiS Ltd.Information Technology
NATCOPHARMNATCO Pharma Ltd.Healthcare
NBCCNBCC (India) Ltd.Construction
NCCNCC Ltd.Construction
NHPCNHPC Ltd.Power
NLCINDIANLC India Ltd.Power
NMDCNMDC Ltd.Metals & Mining
NSLNISPNMDC Steel Ltd.Metals & Mining
NTPCGREENNTPC Green Energy Ltd.Power
NHNarayana Hrudayalaya Ltd.Healthcare
NATIONALUMNational Aluminium Co. Ltd.Metals & Mining
NAVANava Ltd.Power
NAVINFLUORNavin Fluorine International Ltd.Chemicals
NETWEBNetweb Technologies India Ltd.Information Technology
NEULANDLABNeuland Laboratories Ltd.Healthcare
NAM-INDIANippon Life India Asset Management Ltd.Financial Services
NUVAMANuvama Wealth Management Ltd.Financial Services
NUVOCONuvoco Vistas Corporation Ltd.Construction Materials
OBEROIRLTYOberoi Realty Ltd.Realty
OILOil India Ltd.Oil Gas & Consumable Fuels
OLAELECOla Electric Mobility Ltd.Automobile and Auto Components
OLECTRAOlectra Greentech Ltd.Automobile and Auto Components
ONESOURCEOnesource Specialty Pharma Ltd.Healthcare
OFSSOracle Financial Services Software Ltd.Information Technology
POLICYBZRPB Fintech Ltd.Financial Services
PCBLPCBL Chemical Ltd.Chemicals
PGELPG Electroplast Ltd.Consumer Durables
PIINDPI Industries Ltd.Chemicals
PNBHOUSINGPNB Housing Finance Ltd.Financial Services
PTCILPTC Industries Ltd.Capital Goods
PVRINOXPVR INOX Ltd.Media Entertainment & Publication
PAGEINDPage Industries Ltd.Textiles
PARADEEPParadeep Phosphates Ltd.Chemicals
PATANJALIPatanjali Foods Ltd.Fast Moving Consumer Goods
PERSISTENTPersistent Systems Ltd.Information Technology
PETRONETPetronet LNG Ltd.Oil Gas & Consumable Fuels
PHOENIXLTDPhoenix Mills Ltd.Realty
PWLPhysicswallah Ltd.Consumer Services
PINELABSPine Labs Ltd.Financial Services
PIRAMALFINPiramal Finance Ltd.Financial Services
PPLPHARMAPiramal Pharma Ltd.Healthcare
POLYMEDPoly Medicure Ltd.Healthcare
POONAWALLAPoonawalla Fincorp Ltd.Financial Services
PREMIERENEPremier Energies Ltd.Capital Goods
PRESTIGEPrestige Estates Projects Ltd.Realty
PFOCUSPrime Focus Ltd.Media Entertainment & Publication
PRIVISCLPrivi Speciality Chemicals Ltd.Chemicals
RRKABELR R Kabel Ltd.Capital Goods
RBLBANKRBL Bank Ltd.Financial Services
RECLTDREC Ltd.Financial Services
RHIMRHI MAGNESITA INDIA LTD.Capital Goods
RITESRITES Ltd.Construction
RADICORadico Khaitan LtdFast Moving Consumer Goods
RVNLRail Vikas Nigam Ltd.Construction
RAILTELRailtel Corporation Of India Ltd.Telecommunication
RAINBOWRainbow Childrens Medicare Ltd.Healthcare
RKFORGERamkrishna Forgings Ltd.Automobile and Auto Components
REDINGTONRedington Ltd.Services
RPOWERReliance Power Ltd.Power
RUBICONRubicon Research Ltd.Healthcare
SBICARDSBI Cards and Payment Services Ltd.Financial Services
SJVNSJVN Ltd.Power
SHRIPISTONSPR Auto Technologies Ltd.Automobile and Auto Components
SRFSRF Ltd.Chemicals
SAGILITYSagility Ltd.Information Technology
SAILIFESai Life Sciences Ltd.Healthcare
SAMMAANCAPSammaan Capital Ltd.Financial Services
SANSERASansera Engineering Ltd.Automobile and Auto Components
SARDAENSarda Energy and Minerals Ltd.Metals & Mining
SCHAEFFLERSchaeffler India Ltd.Automobile and Auto Components
SCHNEIDERSchneider Electric Infrastructure Ltd.Capital Goods
SCIShipping Corporation of India Ltd.Services
SHREECEMShree Cement Ltd.Construction Materials
SHYAMMETLShyam Metalics and Energy Ltd.Capital Goods
SIGNATURESignatureglobal (India) Ltd.Realty
SOBHASobha Ltd.Realty
STARHEALTHStar Health and Allied Insurance Company Ltd.Financial Services
SAILSteel Authority of India Ltd.Metals & Mining
STLTECHSterlite Technologies Ltd.Telecommunication
SUMICHEMSumitomo Chemical India Ltd.Chemicals
SUNTVSun TV Network Ltd.Media Entertainment & Publication
SUNDARMFINSundaram Finance Ltd.Financial Services
SUPREMEINDSupreme Industries Ltd.Capital Goods
SUZLONSuzlon Energy Ltd.Capital Goods
SWANCORPSwan Corp Ltd.Chemicals
SWIGGYSwiggy Ltd.Consumer Services
SYNGENESyngene International Ltd.Healthcare
SYRMASyrma SGS Technology Ltd.Capital Goods
TBOTEKTBO Tek Ltd.Consumer Services
TDPOWERSYSTD Power Systems Ltd.Capital Goods
TATACHEMTata Chemicals Ltd.Chemicals
TATACOMMTata Communications Ltd.Telecommunication
TATAELXSITata Elxsi Ltd.Information Technology
TATAINVESTTata Investment Corporation Ltd.Financial Services
TATATECHTata Technologies Ltd.Information Technology
TTMLTata Teleservices (Maharashtra) Ltd.Telecommunication
TECHNOETechno Electric & Engineering Company Ltd.Construction
TEGATega Industries Ltd.Capital Goods
TEJASNETTejas Networks Ltd.Telecommunication
TENNINDTenneco Clean Air India Ltd.Automobile and Auto Components
THANGAMAYLThangamayil Jewellery Ltd.Consumer Durables
NIACLThe New India Assurance Company Ltd.Financial Services
RAMCOCEMThe Ramco Cements Ltd.Construction Materials
THERMAXThermax Ltd.Capital Goods
TIMKENTimken India Ltd.Capital Goods
TITAGARHTitagarh Rail Systems Ltd.Capital Goods
TORNTPOWERTorrent Power Ltd.Power
TARILTransformers And Rectifiers (India) Ltd.Capital Goods
TRIDENTTrident Ltd.Textiles
TRITURBINETriveni Turbine Ltd.Capital Goods
TIINDIATube Investments of India Ltd.Automobile and Auto Components
UCOBANKUCO BankFinancial Services
UNOMINDAUNO Minda Ltd.Automobile and Auto Components
UPLUPL Ltd.Chemicals
UTIAMCUTI Asset Management Company Ltd.Financial Services
UBLUnited Breweries Ltd.Fast Moving Consumer Goods
UNITDSPRUnited Spirits Ltd.Fast Moving Consumer Goods
URBANCOUrban Company Ltd.Consumer Services
USHAMARTUsha Martin Ltd.Capital Goods
VTLVardhman Textiles Ltd.Textiles
VISLVedanta Iron and Steel Ltd.Metals & Mining
VOGLVedanta Oil and Gas Ltd.Oil Gas & Consumable Fuels
VEDPOWERVedanta Power Ltd.Power
VIJAYAVijaya Diagnostic Centre Ltd.Healthcare
VMMVishal Mega Mart Ltd.Consumer Services
VOLTASVoltas Ltd.Consumer Durables
WAAREEENERWaaree Energies Ltd.Capital Goods
WELSPUNLIVWelspun Living Ltd.Textiles
WHIRLPOOLWhirlpool of India Ltd.Consumer Durables
WOCKPHARMAWockhardt Ltd.Healthcare
YESBANKYes Bank Ltd.Financial Services
ZFCVINDIAZF Commercial Vehicle Control Systems India Ltd.Automobile and Auto Components
ZEELZee Entertainment Enterprises Ltd.Media Entertainment & Publication
ZENTECZen Technologies Ltd.Capital Goods
ZENSARTECHZensar Technolgies Ltd.Information Technology
ZYDUSWELLZydus Wellness Ltd.Fast Moving Consumer Goods
ECLERXeClerx Services Ltd.Services

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

Rebalanced
Quarterly
Weight cap
Nifty MidSmallcap400 50:50 Index shall have the following size segment weights as on quarterly rebalance dates: o Mid Cap Stocks (Stocks part of the Nifty Midcap 150 index) – Total weight 50% o Small Cap Stocks (Stocks part of the Nifty Smallcap 250 index) – Total weight 50%

Summarised from NSE's official methodology document (PDF) for the Nifty MidSmallcap400 50:50; the PDF is authoritative.

Stay Updated

Get weekly market insights and valuation updates delivered to your inbox.

Similar Indices

Nifty AI CatalystsNifty CementNifty ConstructionNifty InsuranceNifty NBFC

Frequently Asked Questions

What is the current Nifty MidSmallcap400 50:50 PE ratio?

As of 1 October 2026, the Nifty MidSmallcap400 50:50 PE ratio is 30.81. That is about 3% below its 6-month median of 31.71.

What is a normal PE ratio for the Nifty MidSmallcap400 50:50?

Over the past six months its median PE has been 31.71, and over the past three months 31.78. Today's 30.81 is toward the lower end of that historical range.

How many stocks are in the Nifty MidSmallcap400 50:50?

The Nifty MidSmallcap400 50:50 contains 401 stocks. By number of companies, its largest sectors are Financial Services (75 stocks), Capital Goods (59 stocks) and Healthcare (36 stocks).

What returns has the Nifty MidSmallcap400 50:50 delivered?

As of September 2026, the Nifty MidSmallcap400 50:50 total return (with dividends reinvested) is +6.00% over the past year and +14.69% 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 MidSmallcap400 50:50?

Over the year to September 2026, the Nifty MidSmallcap400 50:50 had an annualized volatility (standard deviation of daily returns) of 16.40%. Its beta versus the Nifty 50 is 1.05, meaning it has moved roughly in line with the broad market.

How often is the Nifty MidSmallcap400 50:50 rebalanced?

The Nifty MidSmallcap400 50:50 is rebalanced quarterly. Details are in the official NSE methodology document.

Last updated: 1 October 2026.