Nifty MidSmall Financial Services stocks list
NSESector30 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 17.66
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 2.41
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.99%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −5.37%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −9.88%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- +1.07%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
At or below today's level on 39% of 1,051 trading days over the last 5 years.
At or below today's level on 14% of 744 trading days over the last 3 years.
At or below today's level on 1% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 30 Oct 2026
What the Nifty MidSmall Financial Services companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 29 companies that filed both.
- +8.0%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 30 companies that filed it; a loss counts as negative.
- ₹40,010 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 30 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 30of 30
- Median ROCEMedian return on capital employed. The middle figure of the 12 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 19.0%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the Nifty MidSmall Financial Services, each sized by its market cap.
Market cap, ₹ crore
- Life Insurance Corporation of India₹4,84,811 Cr
- Indian Bank₹1,16,580 Cr
- One 97 Communications₹1,04,858 Cr
- Aditya Birla Capital₹1,01,148 Cr
- The Federal Bank₹83,997 Cr
- Multi Commodity Exchange of India₹81,312 Cr
- ICICI Lombard General Insurance Company₹78,979 Cr
- REC₹75,205 Cr
- IndusInd Bank₹65,292 Cr
- AU Small Finance Bank₹64,918 Cr
- IDFC First Bank₹62,084 Cr
- L&T Finance₹61,255 Cr
Companies in the Nifty MidSmall Financial Services
Largest first, by market cap.Financial Services sector
Life Insurance Corporation of IndiaLICI · Insurance₹383.25−3.22%₹4,84,811 Cr8.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.61%−14.9%
Indian BankINDIANB · Banks₹865.50+0.16%₹1,16,580 Cr8.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.11%+1.2%
One 97 CommunicationsPAYTM · Financial Technology (Fintech)₹1,634.30−3.10%₹1,04,858 Cr122.601.3%None+24.8%
Aditya Birla CapitalABCAPITAL · Finance₹369.45+3.10%₹1,01,148 Cr22.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+13.1%
The Federal BankFEDERALBNK · Banks₹339.70−2.31%₹83,997 Cr16.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%+44.7%
Multi Commodity Exchange of IndiaMCX · Capital Markets₹3,188.80−1.31%₹81,312 Cr52.7063.7%0.25%+75.2%
ICICI Lombard General Insurance CompanyICICIGI · Insurance₹1,580.80+0.50%₹78,979 Cr30.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.89%−21.5%
RECRECLTD · Finance₹285.60−3.56%₹75,205 Cr5.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.5.99%−24.5%
IndusInd BankINDUSINDBK · Banks₹838.00−3.46%₹65,292 Cr21.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.18%+4.6%
AU Small Finance BankAUBANK · Banks₹864.00−1.90%₹64,918 Cr20.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.12%−1.6%
IDFC First BankIDFCFIRSTB · Banks₹72.00−1.88%₹62,084 Cr20.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%−8.8%
L&T FinanceLTF · Finance₹244.40−2.65%₹61,255 Cr17.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.13%−8.8%
Bank of IndiaBANKINDIA · Banks₹132.86−2.09%₹60,487 Cr4.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.50%−4.3%
ICICI Life InsuranceICICILIFE · Insurance₹410.00−0.47%₹59,500 Cr33.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.40%−31.7%
Nippon Life India Asset ManagementNAM-INDIA · Capital Markets₹905.00−2.05%₹57,924 Cr35.8041.4%2.43%+3.8%
Motilal Oswal Financial ServicesMOTILALOFS · Capital Markets₹941.95−4.48%₹56,797 Cr21.0011.8%0.64%−8.1%
SBI Cards and Payment ServicesSBICARD · Finance₹525.00−2.78%₹49,961 Cr19.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.48%−40.7%
Yes BankYESBANK · Banks₹15.15−1.81%₹47,554 Cr11.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−31.8%
PNB Housing FinancePNBHOUSING · Finance₹1,060.00−4.50%₹27,645 Cr11.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.75%+13.4%
LIC Housing FinanceLICHSGFIN · Finance₹493.70−3.95%₹27,157 Cr4.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.03%−13.5%
Manappuram FinanceMANAPPURAM · Finance₹289.00−4.34%₹27,147 Cr18.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.87%+5.1%
Central Depository Services (India)CDSL · Capital Markets₹1,263.00−1.48%₹26,397 Cr56.0026.1%1.01%−21.8%
Bandhan BankBANDHANBNK · Banks₹154.33−4.64%₹24,865 Cr13.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.97%−9.5%
Funds that follow the Nifty MidSmall Financial Services
1 index fund or ETF tracks the Nifty MidSmall Financial Services.
Motilal Oswal Nifty MidSmall Financial Services Index FundIndex Fund · Motilal Oswal Mutual FundNAV₹13.03401Y+0.78%3Y–5Y–Size₹118 CrCost0.89%
About the Nifty MidSmall Financial Services
The Nifty MidSmall Financial Services index tracks the mid cap and small cap stocks of the financial services sector. It holds up to 30 companies, selected from its parent, the Nifty MidSmallcap 400. It is maintained by NSE Indices Limited.
How companies are chosen
A company must belong to the Nifty MidSmallcap 400 at the time of review. A stock outside the futures and options segment is ineligible if, in the 6 months to the cut-off date, its hits on the upper or lower price band number at least 20% of the trading days; a stock that hits both bands on one day counts as two instances.
From the eligible financial services stocks, the 30 with the largest 6-month average free-float market capitalization are selected. Free float is the part of a company's shares available for trading; promoter holdings are among those left out.
If fewer than 30 stocks are eligible, the index keeps the number available. At a review, an eligible stock not in the index replaces the smallest member only if its free-float market capitalization is at least 1.5 times that member's.
How it is weighted
Each stock is weighted by its free-float market capitalization. At the time of rebalancing, a stock's weight is capped at 33% and the three largest together at 62%, with capping done on the last trading day of Mar, Jun, Sep and Dec.
When it is reviewed
The index is re-balanced semi-annually, using average data for the six months ending the cut-off dates of 31 Jan and 31 Jul. It is reconstituted with the Nifty MidSmallcap 400 in Mar and Sep.
An ad-hoc reconstitution follows if a member is excluded from the Nifty MidSmallcap 400, is suspended or delisted, or undergoes a scheme of arrangement.
Base date and value
The index launched on 3 Aug 2022, with a base date of 1 Apr 2005 and a base value of 1000 points.
- Published by
- NSE
- Kind
- Sector
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 30
- List last changed
- 27 Oct 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 7 of 30
Sector indices
Others in this group, the most used as a fund's benchmark first.All
Nifty MidSmall IT & Telecom20 companiesP/E 29.81- Nifty500 Healthcare44 companiesP/E 46.42
BSE Auto21 companiesP/E 31.42
BSE Capital Goods34 companiesP/E 45.36- BSE Capital Markets23 companiesP/E 36.75
BSE Commodities211 companiesP/E 18.28
BSE Consumer Discretionary409 companiesP/E 48.04
BSE Consumer Durables10 companiesP/E 54.44- BSE Energy37 companiesP/E 11.59
BSE Fast Moving Consumer Goods113 companiesP/E 30.20