Nifty Midcap 150 Stocks List — All Constituents

What is the Nifty Midcap 150?

The Nifty Midcap 150 is an index of 150 mid-cap Indian companies — those ranked 101 to 250 by full market capitalisation among NSE-listed stocks. It is free-float market-capitalisation weighted and maintained by NSE Indices Limited. SEBI classifies companies ranked 101 to 250 as 'mid-cap', so the Nifty Midcap 150 is the practical definition of the Indian mid-cap universe. Mid-caps have historically offered higher growth potential than large-caps but with greater volatility and lower liquidity.

How investors use the Nifty Midcap 150

The Nifty Midcap 150 is the standard benchmark for mid-cap mutual funds and the reference universe for mid-cap factor and smart-beta strategies (such as midcap quality and momentum indices). Investors use it for targeted exposure to the mid-cap growth segment, typically as a satellite allocation alongside a large-cap core, and passive investors access it through Midcap 150 index funds and ETFs.

• Read it as the official mid-cap universe (SEBI ranks 101–250).
• Expect higher growth potential but more volatility than large-caps.
• Often used as a satellite allocation around a large-cap core.
• Liquidity is lower than large-caps — moves can be sharper.
• For passive exposure, compare Midcap 150 funds on tracking error and cost.

What to keep in mind

Mid-caps carry meaningfully more risk than large-caps: they are more volatile, less liquid, and can fall harder and stay down longer in market downturns. The index is still free-float market-cap weighted, so the largest mid-caps dominate it, and membership reflects size and liquidity, not quality or an endorsement. You cannot buy the index directly — only funds or ETFs that track it, each with its own tracking error and expense ratio.

Frequently asked

What is the Nifty Midcap 150?

It is the index of 150 mid-cap NSE companies — those ranked 101 to 250 by market capitalisation — and it is the benchmark that defines the Indian mid-cap segment.

Which companies count as mid-cap in India?

SEBI classifies the companies ranked 101st to 250th by market cap as mid-cap. The Nifty Midcap 150 holds exactly that set.

Are mid-cap stocks riskier than large-caps?

Generally yes — mid-caps tend to be more volatile and less liquid, offering higher growth potential but larger drawdowns. This is informational only, not investment advice.

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