Nifty MidSmallcap 400

Diversify Across Mid & Small Caps

As of Apr 24, 2026, the PE ratio is 32.57 and the PB ratio is 4.17

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Index Report

Easy-to-read, rules-based summary. Educational only.

1) Index Snapshot (1-minute read)

Nifty MidSmallcap 400 is at 19,862.00 as of Apr 24, 2026. 1Y CAGR is 11.74%. It is 6.01% below its recent peak. Current valuation: PE 32.57, PB 4.17.

As of
Apr 24, 2026
Current Value
19,862.00
PE / PB
32.57 / 4.17
Dividend Yield
0.72%
1Y CAGR
11.74%
3Y CAGR
-
5Y CAGR
-
Volatility (1Y)
17.82%
Drawdown from Peak
6.01%

2) Valuation Zone

Zone is Fair based on the last 15Y of PE/PB history.

Fairpercentile
PE 32.57vs 5Y avg 31.39 (3.76%)
PE 32.57vs 10Y avg 31.39 (3.76%)
PE 32.57vs 15Y avg 31.39 (3.76%)
PB 4.17vs 5Y avg 4.24 (-1.75%)
PB 4.17vs 10Y avg 4.24 (-1.75%)
PB 4.17vs 15Y avg 4.24 (-1.75%)

3) Earnings Growth Health

Trend:Improving

Composite proxy: 13.66% (weighted 1Y/3Y/5Y/10Y/15Y).

Status map: 1Y Improving.

1YImproving
Price CAGR: 11.74%
PE CAGR: -1.93%
Proxy: 13.66%
3YN/A
Price CAGR: -
PE CAGR: -
Proxy: -
5YN/A
Price CAGR: -
PE CAGR: -
Proxy: -
10YN/A
Price CAGR: -
PE CAGR: -
Proxy: -
15YN/A
Price CAGR: -
PE CAGR: -
Proxy: -

Proxy = price CAGR minus PE CAGR. Overall trend uses weighted proxy across 1Y/3Y/5Y/10Y/15Y, so single-year noise has less impact.

4) Sector Contribution Breakdown

Top sector exposure based on available data.

Sector split is not available yet.

5) Risk Signals

  • Volatility is moderate (17.82%).
  • Index is near its recent peak (drawdown 6.01%).

Signals are descriptive, not predictions.

6) Action Guidance

SIP
Continue

Continue SIP steadily.

Lump-sum
Wait

Prefer staggered entries and avoid rushing.

Rules-based guidance for long-term investors. Not a buy/sell call.

7) Index vs Inflation vs FD

Inflation and FD rates are not configured yet.

Supporting Guides

Intent-focused pages connected to this index.

Technical Signals

Overbought

Recent Performance

Analyze the recent performance of the Nifty MidSmallcap 400, including its recent highs and lows

Recent HighRecent LowCurrent Market Apr 24, 2026
PEPBDIVPointsPEPBDIVPointsFall(%)~PEPBDIVPoints
Sep 24, 2024Mar 03, 2025~Apr 24, 2026
39.584.940.7321131.2030.424.010.9316319.05-22.77

32.574.170.7219862.00 (21.71% )

Performance

Past performance returns (%) of the index

#1D1W1M3M6M1Y3Y5Y7Y10Y15Y
Nifty MidSmallcap 400-1.030.734.32-2.96-0.610.88-----

Fundamentals

Nifty MidSmallcap 400

PEPBDiv
32.574.170.72

About

The Nifty MidSmallcap 400 Index is a one-stop solution for investors seeking diversification across India's mid and small-cap segments. It encompasses 400 companies, meticulously selected from both the Nifty Midcap 150 and Nifty Smallcap 250 indices based on market capitalization. This comprehensive approach ensures exposure to a wide range of high-growth potential companies, representing the dynamic mid and small-cap universe in India. The Nifty MidSmallcap 400 Index is rebalanced twice a year, on January 31st and July 31st, to maintain its representative character. Utilize this index to capitalize on India's growth story across established mid-caps and emerging small-cap businesses.

Portfolio Characteristics

MethodologyFree Float Market Capitalization
No. of Constituents400
Launch Date2016-04-01
Calculation FrequencyReal-Time
Index RebalancingSemi - Annually