BSE MidCap Select Index

The BSE Midcap Select tracks a focused group of 30 mid-sized companies from the BSE Midcap index listed on the Bombay Stock Exchange.

Unlike broader midcap indices, this one is more selective. It doesn't try to cover the entire midcap space. Instead, it narrows it down to companies that meet relatively stricter size and liquidity filters.

So, when you track the BSE Midcap Select today or follow BSE Midcap Select live, you're looking at a smaller, filtered slice of the midcap segment rather than the full universe. It's not everything, just a more curated part of it.

The BSE Midcap Select share price reflects how this specific group of companies is performing at a given point in time.

The BSE Midcap Select follows a strict, filter-based selection process to pick a focused set of midcap companies from the broader universe.

1. Step 1: Derived from the BSE Midcap Universe

   
   The index is constructed from constituents of the BSE MidCap index, narrowing it down further.

2. Step 2: Eligibility Criteria (At Rebalancing)

   
   Companies must meet all of the following:
   • Market Cap Threshold: Minimum ₹2000 crore float-adjusted market cap (existing constituents may go down to ₹1600 crore).
   • Liquidity Requirement: Minimum ₹1000 crore annualised traded value (₹800 crore for existing stocks).
   • Turnover Ratio: At least 20% (16% allowed for existing constituents).
   • Trading Consistency: No more than 5 non-trading days in the last 6 months.

3. Step 3: Sector-Level Filtering

   
   Companies are ranked within their industry classification, and only the top 10 per sector are considered.

4. Step 4: Final Ranking by Market Cap

   
   Remaining companies are ranked based on float-adjusted market capitalisation.

5. Step 5: Final Selection (30 Stocks)

   
   The top 20 companies are selected directly.
   • Existing constituents, ranked between 21–40, are added next.
   • If needed, new companies ranked 21–40 could be included to complete the list.

   This process ensures the index includes liquid, sizeable, and relatively stable midcap companies, rather than the entire midcap universe.

The BSE Midcap Select is calculated using a float-adjusted market capitalisation method, ensuring that only publicly tradable shares are considered.

• Methodology: Uses float-adjusted market capitalisation, reflecting the market value of shares available for trading.
• Number of Constituents: The index consists of 30 selected midcap companies.
• Base Date: September 16, 2005.
• Base Value: 1000.
• Real-Time Calculation: The index is calculated live during market hours, enabling tracking of BSE Midcap Select live movements.
• Rebalancing Frequency: The index is reconstituted semi-annually in March and September.
• Index Universe: Derived from the broader BSE MidCap index, ensuring consistency in the midcap segment.
• Currency: Calculated in INR and USD, allowing both domestic and global benchmarking.

Tracking the BSE Midcap Select helps you understand how a filtered set of fundamentally stronger midcap companies is performing.

Here's what you can avail of when investing in BSE Midcap Select stocks:

1. Focused Midcap Exposure

   : The BSE Midcap Select gives exposure to a selective set of 30 midcap companies - instead of entire universe.

2. Insight into Selected Midcaps

   : Since the index filters companies based on size and liquidity, it reflects a more refined part of the midcap space.

3. Balanced Approach

   : The index avoids very small or illiquid companies, and focus on having a balanced composition.

4. Market Segment View

   : The BSE Midcap Select index gives a clearer picture of a filtered midcap segment.

5. Easy Tracking

   : Since the BSE Midcap Select share price and the BSE Midcap Select live data are available, monitoring is simple.

With the TradeMobi application, investing in the BSE Midcap Select or any of the BSE Indices is quite simple.

1. Step 1: Login or Open a Demat Account

   
   Start by logging into your account or opening a demat account and trading account.

2. Step 2: Explore Investment Options

   
   Browse for index funds or ETFs that track the BSE Midcap Select index.

3. Step 3: Choose Your Investment

   
   Pick a fund based on your goals, risk appetite, and investment needs.

4. Step 4: Invest and Track Performance

   
   Invest and monitor the BSE Midcap Select live performance.

5. Step 5: Stay Updated

   
   Use research tools and insights to better understand market trends.

The BSE Midcap Select was introduced on June 15, 2015, by the Bombay Stock Exchange to provide a more refined benchmark within the midcap segment.

It was created to go beyond broad midcap indices and focus on companies that meet stronger size and liquidity criteria, making the index more selective in nature.

Over time, the BSE Midcap Select index has reflected the changes in the midcap segment, especially during phases where mid-sized companies either outperform or underperform in the market.

Likewise, this index also gives a sense of how stronger midcap companies are moving, while the BSE Midcap Select share price trends often reflect investor interest in this segment.