--- title: "Market cap bands and index groups | RupeeCase" description: "How the Composition card sorts holdings into Large, Mid, Small, Micro cap or Other by NSE index membership, and how the index lists are grouped." source_url: "https://www.rupeecase.com/learn/terminal/market-cap-bands-and-indices" --- ## Watch: Market cap bands Composition, Market cap, sorts the holdings into bands.Market cap bands: how does the app call a stock large or small? 5 chapters, 1:06, with voice and music 1. [Chapter 1Where it is0:10](/instiv2/media/tut4/market-cap-bands-and-indices-where-phone-dark-v4-va2.mp4) 2. [Chapter 2What it means0:24](/instiv2/media/tut4/market-cap-bands-and-indices-meaning-phone-dark-v4-va2.mp4) 3. [Chapter 3Worked example0:06](/instiv2/media/tut4/market-cap-bands-and-indices-example-phone-dark-v4-va2.mp4) 4. [Chapter 4How to read it0:15](/instiv2/media/tut4/market-cap-bands-and-indices-reading-phone-dark-v4-va2.mp4) 5. [Chapter 5Watch out0:10](/instiv2/media/tut4/market-cap-bands-and-indices-watch-phone-dark-v4-va2.mp4) Screens from the RupeeCase app on sample data. Strategy figures are model, back tested, as of the date on screen. Formula and example numbers are illustrative. Mark as watched 4In this screen ## Every button the video points at. A still from each chapter with its buttons and fields numbered. Pick a number to zoom in on it; hover the still for a close up; Esc shows the whole screen again. Sample data, no order is placed. **1**Where it is**2**What it means**4**How to read it ### Chapter 1: Where it is 1 Show the whole screen 1 Show the whole screen 1. 1**Market cap**Composition, Market cap, sorts the holdings into bands. Shown in the video, not on this still ### Chapter 2: What it means 1 Show the whole screen 1 Show the whole screen 1. 1**By index membership**NIFTY 100 is large cap, MIDCAP 150 mid, SMALLCAP 250 small. Shown in the video, not on this still 2. 2**Cap segment** A strategy's Cap segment comes from its universes. Shown in the video, not on this still ### Chapter 4: How to read it 1 Show the whole screen 1 Show the whole screen 1. 1**ETFs are Other**On this multi asset portfolio its ETFs fall in Other. Shown in the video, not on this still ## Where it is ScreenHoldings tab, CompositionBasic The Holdings tab, Composition card, Market cap view (strategy and portfolio). The Cap segment group in the Marketplace Filters. The Compare with picker and the Customise benchmark list group the indices. Basic and Advanced. Indices in this video: [Allcap](/strategies/allcap) (strategy page) and [Large Cap Multi Asset](/strategies/largecap-multi-asset) (the sample portfolio). ## What it means A stock's band comes from the NSE index it belongs to: NIFTY 100 is large cap, NIFTY MIDCAP 150 mid cap, NIFTY SMALLCAP 250 small cap and NIFTY MICROCAP 250 micro cap. ETFs, funds, anything outside those indices and any stock without class data fall in Other. The strip shows each band's share of the weight on a strategy page, or of the live value on a portfolio. A strategy's Cap segment on the Marketplace comes from its sleeve universes: the widest one present. ## The formula Put each holding in a band by the index it belongs to, then add up the weights in each band. As computed in the RupeeCase app`Large cap: in NIFTY 100 Mid cap: in NIFTY MIDCAP 150 (ranks 101 to 250) Small cap: in NIFTY SMALLCAP 250 (ranks 251 to 500) Micro cap: in NIFTY MICROCAP 250 Other: ETFs, funds, outside these indices, or no class data Band share = sum of the weights in the band (portfolio: live value)` ## Worked example Example only * 30 names in NIFTY 100 at 1.5% each: 45% large cap * 20 names in NIFTY MIDCAP 150 at 1.5% each: 30% mid cap * A gold ETF at 25%: Other ## How to read it * Read the strip beside the strategy's universe: an all cap strategy can lean either way. * Other on a multi asset portfolio is often its ETFs. * Sectors, beside Market cap, groups the same weights by sector. ## Watch out * Bands follow index membership, which NSE reviews twice a year. * Other also holds stocks with no class data; the Sectors view calls those Unclassified. * The index lines in Compare are price indices: dividends are not added. ## Transcript Tap Sound on for voice and music. These are the captions of the video, chapter by chapter. 1. 0:00**Where it is.** Composition, Market cap, sorts the holdings into bands. 2. 0:10**What it means.** NIFTY 100 is large cap, MIDCAP 150 mid, SMALLCAP 250 small. 3. 0:35**Worked example.** Worked example, example only: 30 names in NIFTY 100 at 1.5% each: 45% large cap. 20 names in NIFTY MIDCAP 150 at 1.5% each: 30% mid cap. A gold ETF at 25%: Other. 4. 0:41**How to read it.** On this multi asset portfolio its ETFs fall in Other. 5. 0:56**Watch out.** Watch out: Bands follow index membership, which NSE reviews twice a year. Other also holds stocks with no class data; the Sectors view calls those Unclassified. The index lines in Compare are price indices: dividends are not added. ## Terms in this tutorial * [large cap](/learn/glossary#large-cap)Companies ranked 1 to 100 by market cap in SEBI classification. * [mid cap](/learn/glossary#mid-cap)Companies ranked 101 to 250 by market cap per SEBI. * [small cap](/learn/glossary#small-cap)Companies ranked 251 and below by market cap per SEBI. * [Micro cap](/learn/glossary#micro-cap)Very small listed companies, smaller than the small cap group. * [Midcap 150](/learn/glossary#midcap-150)NSE index of the 150 stocks ranked 101 to 250 by free-float market cap. * [Smallcap 250](/learn/glossary#smallcap-250)NSE index of stocks ranked 251 to 500 by market cap. * [ETF](/learn/glossary#etf)Exchange Traded Fund. * [Composition](/learn/glossary#composition)What a portfolio is made of: its split by sector and by market cap band, and in Advanced by sleeve and over time. ## Learn it in depth * [Module 1.3: Indices & Benchmarks13 min read, free](/learn/path-1/module-1-3-indices-and-benchmarks) * [Module 3.5: The Size Factor7 min read, free](/learn/path-3/module-3-5-size-factor-deep-dive) * [Module 1.2: Understanding Stock Data12 min read, free](/learn/path-1/module-1-2-understanding-stock-data) TKeep watching ## Next tutorial. [1:12Next tutorial, Read a strategyThe Return figures card: what do year to date and best week say?Year to date, last 52 weeks, best and worst week, month and year, averages, streaks, gain to pain and positive weeks, as the app works them out.Watch next](/learn/terminal/return-figures-card) ### Related tutorials * [1:12Read a strategy, AdvancedPosition sizes: what do Herfindahl and effective holdings say?1:12 video, AdvancedWatched](/learn/terminal/concentration-herfindahl) * [1:32Find and compare, BasicCompare with: what do index, fund and strategy lines show?1:32 video, BasicWatched](/learn/terminal/compare-with-indices-and-funds) * [1:41Find and compare, BasicFilters, sort and shortlist: how do I narrow the list?1:41 video, BasicWatched](/learn/terminal/filters-sort-and-table) [All 67 terminal tutorials](/learn/terminal/) Try it in Practice ## See it on your own screen. Practice mode runs the whole terminal without real orders, so you can open any strategy and find every screen from this tutorial for yourself. [Sign up for RupeeCase](https://invest.rupeecase.com/signup)[Glossary](/learn/glossary) Explore next ## Keep learning the terminal. * [TopicNifty indices explained: the pages that cover each oneA reading list: guides, modules, tools and questions](/topics/nifty-indices-explained/) * [TutorialGrowth per year: how fast did the model grow?1:06 video, Basic](/learn/terminal/growth-per-year) * [TutorialMax drawdown: how bad did it get?0:56 video, Basic](/learn/terminal/max-drawdown) * [TutorialThe riskometer: what sets Low to Very High?0:45 video, Basic](/learn/terminal/riskometer) * [TutorialMinimum investment: why does each strategy have one?0:51 video, Basic](/learn/terminal/minimum-investment) * [TutorialRebalance cadence: how often does the strategy trade?0:56 video, Basic](/learn/terminal/rebalance-cadence) Community ## Join my WhatsApp group. Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me. [Sign up for RupeeCase](https://invest.rupeecase.com/signup) [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7) [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera Education only, not investment advice. Screens are recordings of the RupeeCase app on sample data. Strategy figures are model, back tested and after estimated charges, as of the date on screen; they are not client returns and not a promise of future returns. Formula and worked example numbers are illustrative. RupeeCase is a technology platform operated by QC Alpha Technologies Pvt Ltd; it is not a mutual fund, a PMS, an AIF or a SEBI registered investment adviser. Trades execute through your own SEBI registered broker and the shares sit in your own demat. 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