Nifty Midcap Liquid 15
Nifty Midcap Liquid 15 Index is designed to provide investors exposure to the liquid midcap stocks while making the index easily replicable and tradable.
Nifty Midcap Liquid 15 Index is computed using free float market capitalisation weighted method, wherein the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, new issue of shares etc without affecting the index value. The maximum weight of a single stock in the index is capped at 15%.
Nifty Midcap Liquid 15 Constituents
| Price | 178.85 -0.50 (-0.28%) | 52 Week High | 191.50 |
|---|---|---|---|
| ISIN | INE208A01029 | 52 Week Low | 133.10 |
| Industry | Trucks/Construction/Farm Machinery | Volume | 8.7 M |
| Sector | Producer Manufacturing | P/E Ratio TTM | 29.51 |
| Market Cap | 526 B | 1 Year Beta | 0.91 |
| Price | 866.40 -10.05 (-1.15%) | 52 Week High | 907.70 |
|---|---|---|---|
| ISIN | INE406A01037 | 52 Week Low | 397.20 |
| Industry | Pharmaceuticals: Other | Volume | 1.4 M |
| Sector | Health Technology | P/E Ratio TTM | 25.67 |
| Market Cap | 513.3 B | 1 Year Beta | 0.66 |
| Price | 249.35 3.85 (1.57%) | 52 Week High | 275.90 |
|---|---|---|---|
| ISIN | INE545U01014 | 52 Week Low | 182.15 |
| Industry | Major Banks | Volume | 12 M |
| Sector | Finance | P/E Ratio TTM | 19.79 |
| Market Cap | 395.1 B | 1 Year Beta | 0.56 |
| Price | 1,090.95 -7.85 (-0.71%) | 52 Week High | 1,148.05 |
|---|---|---|---|
| ISIN | INE465A01025 | 52 Week Low | 677.35 |
| Industry | Metal Fabrication | Volume | 860 T |
| Sector | Producer Manufacturing | P/E Ratio TTM | 86.48 |
| Market Cap | 511.8 B | 1 Year Beta | 1.10 |
| Price | 735.00 -5.35 (-0.72%) | 52 Week High | 828.75 |
|---|---|---|---|
| ISIN | INE111A01025 | 52 Week Low | 555.00 |
| Industry | Railroads | Volume | 1.3 M |
| Sector | Transportation | P/E Ratio TTM | 39.90 |
| Market Cap | 451.5 B | 1 Year Beta | 1.13 |
| Price | 1,725.35 -19.30 (-1.11%) | 52 Week High | 1,980.15 |
|---|---|---|---|
| ISIN | INE298A01020 | 52 Week Low | 1,150.00 |
| Industry | Auto Parts: OEM | Volume | 418.8 T |
| Sector | Producer Manufacturing | P/E Ratio TTM | 34.56 |
| Market Cap | 483.7 B | 1 Year Beta | 0.85 |
| Price | 1,538.80 -14.80 (-0.95%) | 52 Week High | 1,769.00 |
|---|---|---|---|
| ISIN | INE484J01027 | 52 Week Low | 1,005.00 |
| Industry | Real Estate Development | Volume | 435.7 T |
| Sector | Finance | P/E Ratio TTM | 65.74 |
| Market Cap | 431.9 B | 1 Year Beta | 1.80 |
| Price | 531.00 -4.45 (-0.83%) | 52 Week High | 652.35 |
|---|---|---|---|
| ISIN | INE797F01020 | 52 Week Low | 412.10 |
| Industry | Restaurants | Volume | 1.7 M |
| Sector | Consumer Services | P/E Ratio TTM | 129.77 |
| Market Cap | 353.2 B | 1 Year Beta | 0.32 |
| Price | 5,849.35 94.30 (1.64%) | 52 Week High | 6,035.00 |
|---|---|---|---|
| ISIN | INE262H01013 | 52 Week Low | 3,092.05 |
| Industry | Information Technology Services | Volume | 258.8 T |
| Sector | Technology Services | P/E Ratio TTM | 47.72 |
| Market Cap | 442.7 B | 1 Year Beta | 1.25 |
| Price | 1,890.95 -9.35 (-0.49%) | 52 Week High | 1,971.80 |
|---|---|---|---|
| ISIN | INE721A01013 | 52 Week Low | 1,146.00 |
| Industry | Finance/Rental/Leasing | Volume | 561 T |
| Sector | Finance | P/E Ratio TTM | 11.34 |
| Market Cap | 713.3 B | 1 Year Beta | 0.65 |
| Price | 145.95 0.15 (0.10%) | 52 Week High | 150.00 |
|---|---|---|---|
| ISIN | INE171A01029 | 52 Week Low | 109.45 |
| Industry | Regional Banks | Volume | 8.1 M |
| Sector | Finance | P/E Ratio TTM | 9.15 |
| Market Cap | 342.3 B | 1 Year Beta | 1.04 |
| Price | 406.25 -0.55 (-0.14%) | 52 Week High | 436.45 |
|---|---|---|---|
| ISIN | INE053A01029 | 52 Week Low | 280.05 |
| Industry | Hotels/Resorts/Cruise lines | Volume | 2.5 M |
| Sector | Consumer Services | P/E Ratio TTM | 54.70 |
| Market Cap | 577.8 B | 1 Year Beta | 1.18 |
| Price | 1,494.10 -4.80 (-0.32%) | 52 Week High | 1,533.40 |
|---|---|---|---|
| ISIN | INE494B01023 | 52 Week Low | 967.55 |
| Industry | Motor Vehicles | Volume | 1 M |
| Sector | Consumer Durables | P/E Ratio TTM | 48.70 |
| Market Cap | 712.1 B | 1 Year Beta | 0.78 |
| Price | 865.55 -3.15 (-0.36%) | 52 Week High | 936.00 |
|---|---|---|---|
| ISIN | INE226A01021 | 52 Week Low | 737.20 |
| Industry | Industrial Machinery | Volume | 597 T |
| Sector | Producer Manufacturing | P/E Ratio TTM | 184.27 |
| Market Cap | 287.2 B | 1 Year Beta | 0.54 |
| Price | 265.50 -1.75 (-0.65%) | 52 Week High | 290.70 |
|---|---|---|---|
| ISIN | INE256A01028 | 52 Week Low | 170.10 |
| Industry | Broadcasting | Volume | 4.7 M |
| Sector | Consumer Services | P/E Ratio TTM | |
| Market Cap | 256.7 B | 1 Year Beta | 0.93 |
Nifty Midcap Liquid 15 Methodolgy
Eligibility Criteria for Selection of Constituent Stocks:
Companies that are constituents of Nifty Midcap 50 index form the universe for the Index.
Companies are selected on the parameter of Turnover ratio (TRO). The turnover ratio is calculated for each month. The companies with the turnover ratio of more than 100% in at least 3 of the last 6 months are considered for index construction.
TRO = ( Aggregate Monthly Turnover)
--------------------------------------- * 12 Average free float during the month
At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (wherever applicable) is capped at 15%. Weightage of such stock may increase beyond 15% between the rebalancing periods.
Exclusion Criteria:
During the review, the index constituent is excluded if TRO is less than 100% in 3 out of the previous 6 months. The total number of stocks which shall be replaced in a review shall be restricted to 4.
Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is last trading date of January and July of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of change.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE
Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
Companies that are constituents of Nifty Midcap 50 index form the universe for the Index.
Companies are selected on the parameter of Turnover ratio (TRO). The turnover ratio is calculated for each month. The companies with the turnover ratio of more than 100% in at least 3 of the last 6 months are considered for index construction.
TRO = ( Aggregate Monthly Turnover)
--------------------------------------- * 12 Average free float during the month
At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (wherever applicable) is capped at 15%. Weightage of such stock may increase beyond 15% between the rebalancing periods.
Exclusion Criteria:
During the review, the index constituent is excluded if TRO is less than 100% in 3 out of the previous 6 months. The total number of stocks which shall be replaced in a review shall be restricted to 4.
Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is last trading date of January and July of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of change.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE
Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
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