About Nifty Midcap 50 The Nifty Midcap 50 Index represents the performance of 50 mid-cap companies selected from the Nifty Midcap 150 Index based on full market capitalization, subject to eligibility criteria including liquidity and availability for trading in the derivatives segment. The index is computed using the free-float market capitalization method and is used for benchmarking mid-cap portfolios, index funds, ETFs, and structured products.