Nifty Smallcap 100 Rises to 17,908; Top Gainers: HindCopper, AegisLog, RamcoCem, Bandhan Bank

The Nifty Smallcap 100 Index tracks the performance of the small-cap segment of India’s stock market. It includes 100 actively traded small-cap stocks listed on the NSE.

As of September 30, 2025, the index accounts for about 4.77% of the NSE’s total free-float market capitalisation.

How the Index is Calculated

The index is calculated using the free-float market capitalisation method. This means only shares available for public trading are considered. The index level reflects changes in the combined free-float value of all constituent stocks compared to a base value.

• Base value: 1,000
• Base date: January 1, 2004
• Launch date: March 30, 2011
• Rebalancing: Semi-annually
• Index variant: Nifty Smallcap 100 Total Returns Index (TRI)

Uses of the Index

The Nifty Smallcap 100 is widely used for:

• Benchmarking mutual fund portfolios
• Launching index funds and ETFs
• Creating structured investment products

Portfolio Characteristics

• P/E ratio: ~32
• P/B ratio: ~3.8
• Dividend yield: ~0.75%
• Beta vs Nifty 50: ~1.27 (higher volatility)
• Correlation with Nifty 50: ~0.78

This shows the index is more volatile than large caps but still closely linked to broader markets.

Sector-wise Representation

Major sectors in the index include:

• Financial Services: 31.27%
• Healthcare: 13.93%
• Capital Goods: 9.32%
• Chemicals: 8.18%
• IT, FMCG, Realty, Power, Metals, and others form the rest

Top Constituents by Weight

Some of the largest stocks in the index are:

• Multi Commodity Exchange of India – 5.14%
• Laurus Labs – 3.89%
• Radico Khaitan – 2.34%
• CDSL – 2.33%
• Karur Vysya Bank – 2.25%

Recent Index Performance

• 1 week: +1.94%
• 1 month: +2.29%
• 6 months: -5.91%
• 1 year: -5.91%
• 3 years: +83.96%
• 5 years: +145.26%

This highlights short-term volatility but strong long-term growth.

Also Read: Best Paint Stocks in Jan 2026!

Current Market Snapshot

• Index level: 17,908.80
• 52-week range: 14,084 – 19,224
• Advances/Declines: 58 / 41
• Free-float market cap: ₹11.14 lakh crore

Conclusion

The Nifty Smallcap 100 Index offers a clear view of India’s small-cap space. While it carries higher risk and volatility, its long-term returns and broad sector mix make it an important benchmark for growth-focused investors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.