Nifty Smallcap 100 Index: Mid-2025 Overview
Understanding the Index
The Nifty Smallcap 100 index comprises 100 small-cap companies, typically ranked from approximately 251 to 350 within the Nifty 500 based on full market capitalization. This index aims to capture the performance of the small-cap segment of the Indian stock market.
The constituents and their weights are based on free-float market capitalization, with data presented as of mid-2025 unless otherwise specified.
Index Constituents and Weights (Mid-2025)
The complete list of constituents along with their approximate index weightings as of mid-2025 is displayed below. Weights are approximate free-float market-cap weights based on May 2025 data.
Stock Name | Ticker | Weight (2025) |
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Sectoral Distribution (Approx. March 2025)
The sectoral composition of the Nifty Smallcap 100 Index is diverse. As of March 2025, the distribution is approximately as follows:
- Financial Services: ~26% (This has been consistently in the mid-20% range year over year.)
- Healthcare: ~10%
- Capital Goods: ~9%
- Consumer Durables: ~6-8%
- Other Key Sectors: Information Technology, Construction, Chemicals, Energy, and various other smaller sectors.
Changes in Historical Weight
The Nifty Smallcap 100 index is rebalanced semi-annually, with changes taking effect after the market closes on the last trading day of March and September.
Noteworthy Changes Within the Previous 12 Months (Leading to Mid-2025):
- Godfrey Phillips India: Increased from a smaller stake in 2024 to about 1.83% of the index by mid-2025 (the text also notes ~2.2% by 2025, indicating potential fluctuations or different reference points).
- IDBI Bank: Formerly a significant constituent (hovering between 4-5%), it was eliminated from the index by 2025.
- New Entrants with Growing Influence: Companies like Angel One, Kaynes Technology, and Inox Wind joined the index after 2023 and saw their weights increase from approximately 0% to between 1% and 2%.
Shift in Top-10 Constituents:
The current top-10 lineup features companies like Godfrey Phillips, Narayana Hrudayalaya, Kaynes Technology, Garden Reach Shipbuilders, Radico Khaitan, MCX, NBCC, and ITI, replacing former heavyweights such as IDBI Bank and (the once-dominant) PNB Housing Finance.
Leading Individual Weights (by April 2025):
Note: These are specific figures for April 2025 and may differ slightly from the mid-2025 table due to market fluctuations and different data points.
- MCX: ~3.3%
- Laurus Labs: ~2.5%
- CDSL: ~2.5%
- Crompton Greaves Consumer Electricals: ~2.3%
- Radico Khaitan: ~2.1%
- CAMS: ~2.0%
- Karur Vysya Bank: ~1.8%
- PNB Housing Finance: ~1.7%
- Navin Fluorine: ~1.7%
- Delhivery: ~1.7%
Index Rebalancing: Changes and Removals (March 2025 Review)
The Smallcap 100 is reviewed and modified twice a year. The March 2025 review saw the following key changes:
New Entries (Effective March 2025):
- Angel One (Current weight: ~1.50%)
- Data Patterns (India) Ltd (Current weight: ~0.68%)
- International Gemmological Inst. (IGI) (Current weight: ~0.84%)
- Kaynes Technology India Ltd (Current weight: ~1.84%)
- Signature Global India Ltd (Current weight: ~0.86%)
- Sagility India Ltd (Current weight: ~0.92%)
Removals (Effective March 2025):
Stocks that fell below the necessary Nifty 500 ranking were removed. A notable removal includes:
- IDBI Bank: Formerly contributing 4-5% to the index.
Additional Information & Related Links
For further research, you might find the following resources useful:
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