Nifty Microcap 250 Index
The Nifty Microcap 250 index aims to track the performance of microcap stocks listed or permitted to trade on NSE. The index includes the top 250 companies beyond the Nifty 500 index constituents, selected based on their average full market capitalization. A stocks weight is based on its free-float market capitalization.
Highlights:
- The index has a base date of April 01, 2005, with a base value of 1000.
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The index includes the top 250 companies beyond the Nifty 500 index constituents, selected based on their average full market capitalization.
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The weight of each stock in the index is based on its free float market capitalization.
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A buffer based on full market capitalization is used to reduce portfolio churn.
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The index is reviewed semi-annually.
Whitepaper on Nifty Microcap 250 Index - Expanding the coverage of NSE's listed Universe (.pdf)