Nifty MidSmallcap400 Momentum Quality 100 PE Ratio
Valuation Percentile
Nifty MidSmallcap400 Momentum Quality 100's PB is cheaper than 94% of the last year.
Not enough history for a 5Y percentile, showing 1Y instead.
The Nifty MidSmallcap400 Momentum Quality 100 PE ratio is 28.93 as of 1 October 2026, about 2% below its 1-year median of 29.66, which places it in fairly valued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 1 Year | 29.66 | -2.46% |
Historical PE Ratio
Series start. P/E is published from 8 Feb 2024. 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 Momentum Quality 100 earnings grew +18.28% a year over the last 1 year, while the index moved +4.03% a year and its P/E went from 32.9 to 28.9.
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 MidSmallcap400 Momentum Quality 100
1 ETF and 1 index fund track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (1)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF | MIDSMALL | 49.43 | - | - | +3.13% |
Index funds (1)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund | UTI Asset Mgmt. Co. Ltd. | 11.281 Oct 2026 | 2025 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2024 returned a median of -0.01% (best +14.05%, worst -13.89%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty MidSmallcap400 Momentum Quality 100. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty MidSmallcap400 Momentum Quality 100
The Nifty MidSmallcap400 Momentum Quality 100 contains 100 constituents. Its largest sectors by weight are Financial Services (26.6%) and Capital Goods (21.7%).
Recent changes
23 July 2026: Added Saregama India Ltd. Removed J.B. Chemicals & Pharmaceuticals Ltd..
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
- Universe
- • The company must be domiciled in India and traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the Nifty indices • Convertible stock, bonds, warrants, rights, and preferred stock that provide a guaranteed fixed return,
- Selection
- Introduction: The Nifty MidSmallcap400 Momentum Quality 100 Index aims to track the performance of the midcap and smallcap stocks which are selected based on the combination of momentum and quality factors from the Nifty MidSmallcap 400 index.
- Rebalanced
- Quarterly
- Weight cap
- The month over month change in allocation to equity component (Nifty 50 TR, excluding arbitrage component) by asset allocation model at the time of rebalancing is capped at 10%
Summarised from NSE's official methodology document (PDF) for the Nifty MidSmallcap400 Momentum Quality 100; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty MidSmallcap400 Momentum Quality 100 PE ratio?
As of 1 October 2026, the Nifty MidSmallcap400 Momentum Quality 100 PE ratio is 28.93. That is about 2% below its 1-year median of 29.66.
Is the Nifty MidSmallcap400 Momentum Quality 100 undervalued right now?
On a historical basis it screens as fairly valued. Its current PE of 28.93 sits below every median window: 1-year (29.66).
What is a normal PE ratio for the Nifty MidSmallcap400 Momentum Quality 100?
Over the past one year its median PE has been 29.66, and over the past six months 29.70. Today's 28.93 is toward the lower end of that historical range.
How many stocks are in the Nifty MidSmallcap400 Momentum Quality 100?
The Nifty MidSmallcap400 Momentum Quality 100 contains 100 stocks. By number of companies, its largest sectors are Capital Goods (22 stocks), Financial Services (20 stocks) and Healthcare (14 stocks).
What returns has the Nifty MidSmallcap400 Momentum Quality 100 delivered?
As of September 2026, the Nifty MidSmallcap400 Momentum Quality 100 total return (with dividends reinvested) is +6.92% over the past year and +12.87% 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 Momentum Quality 100?
Over the year to September 2026, the Nifty MidSmallcap400 Momentum Quality 100 had an annualized volatility (standard deviation of daily returns) of 17.21%. Its beta versus the Nifty 50 is 1.08, meaning it has moved more than the broad market.
What is a typical one-year return for the Nifty MidSmallcap400 Momentum Quality 100?
Across every one-year holding window since 2024, the Nifty MidSmallcap400 Momentum Quality 100 total return has a median of -0.01%, with the best window at +14.05% and the worst at -13.89%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty MidSmallcap400 Momentum Quality 100 earnings grown?
Nifty MidSmallcap400 Momentum Quality 100 earnings, measured as the index level divided by its P/E, grew +18.28% a year over the last 1 year, while the index itself moved +4.03% a year and its P/E fell from 32.89 to 28.93. Past growth, not a forecast.
How often is the Nifty MidSmallcap400 Momentum Quality 100 rebalanced?
The Nifty MidSmallcap400 Momentum Quality 100 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.