Nifty MidSmall IT & Telecom

Nifty MidSmall IT & Telecom tracks the performance of the mid cap and small cap stocks within the information technology and telecommunication sector. The index includes upto 20 stocks selected from the parent Nifty MidSmallcap 400 index based on the stock’s six-month average free-float market capitalization. The weight of each stock in the index is based on stock’s free float market capitalization.

Nifty MidSmall IT & Telecom Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.

• Stocks forming part / going to be a part of the Nifty MidSmallcap 400 index at the time of review are eligible for inclusion in the index subject to the following:
o Non-F&O stocks within Nifty MidSmallcap 400 hitting the circuit filter more than or equal to 20% of the trading days in past
6 months as on cutoff date are ineligible for inclusion in the index
• Based on free-float market capitalization within information technology and telecommunication sector universe, 20 stocks are
selected to be part of the index (subject to availability)
• The weight of each stock in the index is based on its free float market capitalization • Indices are reconstituted semi-annually and rebalanced quarterly.
Index Re-Balancing: Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 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.