BSE 150 MidCap Index

The BSE 150 MidCap Index is a dedicated mid-cap benchmark comprising 150 mid-sized companies selected from the BSE 500 index.

This is the same product that some platforms list as the BSE India 150. Both names point to the same index. Built on a rules-based size selection, the BSE 150 MidCap Index gives a clean read of how India's mid-cap companies are doing as a group.

BSE 150 MidCap index serves as a reliable benchmark for fund managers to use for index funds, ETFs, and similar products focused on the mid-cap segment.

Tracking the BSE 150 MidCap Index live is watching India's mid-cap layer — the companies that sit just below the largest large-caps and often show stronger growth potential, along with sharper price swings.

Selection of stocks in the BSE 150 MidCap Index follows a clear size rule, with a buffer to reduce churn. Here is how it works:

1. Parent universe

   : The stock must already be part of the BSE 500.

2. Large-cap exclusion

   : The stock must not be part of the BSE 100 LargeCap TMC — that is, it must sit outside the top 100 large-caps by total market value.

3. Size ranking

   : All eligible companies are ranked by their average six-month daily total market capitalisation.

4. Top 120 selected

   : The 120 highest-ranked companies (whether current constituents or not) are picked first.

5. Buffer rule

   : Existing constituents ranked 121 to 180 are then added in rank order until the count reaches 150.

6. Top up

   : If the count still isn't 150, the next-highest-ranked non-constituents are added until the basket fills up.

7. Review & rebalancing

   : The index is reviewed on a regular schedule, and weights are reset.

The index uses the float-adjusted market capitalisation method, the standard approach for broad BSE indices. The simple version:

• Weight basis: Each stock's weight comes from its float-adjusted market value — the shares actually available for public trading.
• Larger mid-caps weigh more: Within the basket, the bigger mid-cap companies tend to carry larger weights than smaller peers in the basket.
• Live updates: The index value moves through the day as the stock prices move, that's what feeds the BSE 150 MidCap Index share price tickers.
• Two versions: Along with the regular price index, a Total Returns version is also published. The Total Returns version adds dividends back in.

Let us look at some benefits of investing in BSE's 150 MidCap Index stocks:

• Dedicated mid-cap benchmark: The index sits cleanly between the BSE 100 LargeCap and the smaller-cap end of the BSE 500, focused purely on the mid-cap layer.
• Wide basket: With 150 names spread across many sectors, the index gives broad coverage of India's mid-cap universe.
• Stable membership through the buffer rule: The 121-to-180 buffer keeps existing constituents in unless they fall well outside the range, reducing churn between reviews.
• Clear, rule-based process: Every addition and removal follows a written rulebook with scheduled reviews. No judgement calls in between.
• Benchmark for mid-cap products: The index is generally used as a reference for index funds and ETFs that track the mid-cap segment.

With Anand Rathi's TradeMobi platform, investing in the BSE 150 MidCap Index or any of the BSE Indices is simple.

Here's how to get started:

1. Step 1: Open / Login to Your Account

   
   Start by registering yourself and opening your demat account and trading account.

2. Step 2: Explore Investment Options

   
   Search for the relevant funds or ETFs that track the BSE 150 MidCap Index.

3. Step 3: Choose Your Investment

   
   Pick a suitable option based on your understanding and risk appetite, and invest.

4. Step 4: Invest and Track

   
   Once invested, you can track the BSE 150 MidCap Index share price regularly, right from your dashboard.

5. Step 5: Stay Updated

   
   For more information, use research tools to follow developments in this domain.

Launched on 30th November, 2017, the BSE 150 MidCap Index was created from a split into two distinct segments. By drawing a clear line between large-caps and mid-caps using a fixed-size cut, the BSE made it easier to follow each segment separately.

Several BSE strategies and themed indices, including the BSE Focused Midcap, are built on top of this index.

With time, the fund managers use index has been used as a benchmark for funds and products that want focused exposure to India's mid-cap segment.