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NSE CNX Midcap Index
The
medium capitalised segment of the stock market is being increasingly perceived
as an attractive investment segment with high growth potential. The primary
objective of the NSE CNX MidCap Index is to capture the movement and be a
benchmark of the midcap segment of the market.
The main features of the NSE CNX Midcap Index are:
NSE CNX
Midcap Index represents about 77% of the total market capitalization of the
Mid-Cap Universe and about 75% of the total traded value of the Mid-Cap Universe
(Mid-Cap Universe is defined as stocks having average six months market
capitalization between Rs.75 crores and Rs.750 crores).
Industry weightages in the index dynamically reflect industry weightages in the
market.
Provide investors a broad based benchmark for comparing portfolio returns
vis-à-vis market returns in the midcap segment.
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