Nifty Midcap 100 set to beat Nifty 50 for 5th straight year

The NSE Midcap 100 index is set to outperform the Nifty 50 index for the fifth straight financial year with gains led by state-owned defence, financial technologies (fintech) and consumer discretionary stocks.

- DEEPAK KORGAONKAR & PUNEET WADHWA

Thus far in the financial year 2024-25 (FY25), the Nifty Midcap 100 index has rallied 8.1 per cent as compared to 6.0 per cent rise in Nifty 50 and 6 per cent gain in the NSE Smallcap 100 index, data shows.

Despite nearly 15 per cent correction from its all-time high level of 60,925.95 touched in September 2024, the midcap index has outperformed during the financial year. The Nifty 50 and Nifty Smallcap 100 indices, too, are down by 9.9 per cent and 18.3 per cent, respectively from the respective all-time highs.

In FY24, the midcap index had surged 60.1 per cent as against 28.6 per cent rally in Nifty 50. In FY23, the mid-cap index had gained 1.2 per cent, as compared to Nifty 50's negative 0.6 per cent return, while, the smallcap index slipped 13.8 per cent.