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9.3What is a mid-cap company?

Time-sensitive: Classification uses AMFI’s list published in July 2026 (effective 1 August 2026), based on average market cap from January to June 2026. AMFI publishes a new list every January and July. Rules and rates change, so check the official source before acting.
1What is it?

A mid-cap company ranks 101 to 250 by market cap.

2Why does it exist?

They are established but still growing: past the startup stage, not yet giants.

3Stock market example

In the July 2026 list, a company needed roughly ₹33,664 crore to ₹1,06,346 crore of average market cap to be mid cap. See real members in the Nifty Midcap 100 index.

4Quick revision
  • Ranks 101–250.
  • ≈ ₹33,700 cr to ₹1.06 lakh cr (Jul 2026).
  • Growth with higher risk.
5Knowledge check
Q1. Mid-cap ranks?Show answer

101–250.

Q2. Which index tracks 100 mid caps?Show answer

Nifty Midcap 100.

Q3. Are mid caps more or less volatile than large caps?Show answer

More.

More in Level 9: Market Capitalization: Large Cap, Mid Cap and Small Cap