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  • All Prices are in INR

The Nifty MidSmallcap400 Momentum Quality 100 Index tracks the performance of the large and mid cap stocks which are selected based on the combination of momentum and quality factors from the Nifty MidSmallcap 400 index. The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earning (EPS) growth variability analysed during the previous 5 years. The weight of each stock in the index is based on the combination of stock’s composite momentum - quality score and its free float market capitalization.

Highlights

  • The index has a base date of April 01, 2005, with a base value of 1000
  • Stocks part of the Nifty MidSmallcap 400 index at the time of review are eligible for inclusion in the index
  • Stocks that have scored low on liquidity parameters are excluded from the index
  • 50 companies from the Midcap universe (stock forming part of the Nifty Midcap 150 index) and 50 companies from Smallcap universe (stock forming part of the Nifty Smallcap 250 index) based on the combination of momentum and quality factors are selected to be part of the index
  • The weight of each stock in the index is based on the combination of stock’s composite momentum - quality score and its free float market capitalization.
  • The index is reconstituted semi-annually (June, December)