BSE Mid-Cap and BSE Small-Cap Index

BSE introduced the new index series called 'BSE MID-Cap' index and 'BSE Small-Cap' index to track the performance of companies with relatively smaller market capitalization.

BSE-500 Index - represents more than 93% of the listed universe. Companies with large market capitalization bias the movement of BSE-500 index. This necessitated construction of a separate indicator to capture the trend in companies with lower market capitalization. Over the years, BSE Mid-Cap and BSE Small-Cap indices have proven to be a great utility to the investing community.

Index Specification :

Base Year	2002-03
Base Index Value	1000
Date of Launch	April 11,2005
Method of calculation	Free-float market capitalization method.
Number of scrips	Variable
Index Constituents	Click here for list of constituents
Index calculation frequency	Real Time
Index Calculation and maintenance	Click here for index calculation and maintenance
Index Reach	Click here for scrip-wise, sector wise market capitalization, weightage etc. of BSE Mid-cap and BSE Small-cap
Market capitalization and Turnover Coverage	Click here for market capitalization and turnover coverage
Historical Values of the Indices	Index, Price Earnings, Price to Book Value ratio and Dividend Yield %
Historical Replacements	Click here for history of replacements
Historical Notices	Click here to search historical notices on Index Replacements

BSE Mid-Cap and BSE Small-Cap Index - Scrip Selection Criteria:

The general guidelines for selection of constituents in BSE Mid-Cap & BSE Small-Cap Index are as follows:

1. Trading Frequency: The scrip should have been traded on 60% of the trading days in the last three months

2. Eligible universe shall comprise of companies aggregating 98.5% of average market capitalization

3. This list shall be categorixed under large-cap, mid-cap and small-cap segment based on 80%-15%-5% market capitalization coverage respectively

4. BSE Mid-Cap Index shall comprise of scrips that gives market capitalization coverage between 80% & 95% from the list derived as per point no.3 above

5. BSE Small-Cap Index shall comprise of scrips that gives market capitalization coverage between 95% & 100% from the list derived as per pont no.3 above

6. Quarterly review of these indices shall be carried out as per the above criteria subject to a buffer of 3%