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Nippon India Growth Mid Cap Fund

Mid CapVery HighOPEN-ENDED
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NAV as on 25 Sep 2026
₹4,419.55-0.31%1 day
Return since launch
21.7%
52-week range
₹3,814.10 — ₹4,598.84
AUM
₹52,271 Cr

Nippon India Growth Mid Cap Fund is a Mid Cap equity fund from Nippon India Mutual Fund with ₹52,271 Cr under management, launched in 1995. Over three years it has returned 10.1% a year, against 15.6% for its category. The expense ratio is 1.54% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y6.2%−1.9 pts8.1%6.1%
2Y7.4%+0.2 pts7.1%6.2%
3Y10.1%−5.5 pts15.6%8.3%
5Y17.3%+3.2 pts14.1%14.0%
7Y21.2%+2.9 pts18.3%17.3%
10Y19.3%+4.2 pts15.1%15.7%

Fund against category

1Y
Fund6.2%
Category8.1%
3Y
Fund10.1%
Category15.6%
5Y
Fund17.3%
Category14.1%

Since launch (25 Sep 1995): 21.7%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20253.6%+0.5 pts3.1%
202426.7%−3.7 pts30.3%
202348.6%+9.9 pts38.7%
20225.8%+2.1 pts3.8%
202146.5%+0.6 pts45.8%
202022.1%−3.5 pts25.5%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

1.54%

Expense ratio as on 24 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.23%
Brokerage
0.03%
Transaction charges
0.00%
Statutory levies
0.28%
Exit load
Exit load of 1% if redeemed within 1 months
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
NIFTY Midcap 150 TRI
Short-term capital gains
Returns taxed at 20% if you redeem before 1 year
Long-term capital gains
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha2.195.13Return earned above what the benchmark alone would have given. Higher is better.
Beta0.970.99How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.770.91Return earned for each unit of total risk taken. Higher is better.
Sortino1.021.17Return earned for each unit of downside risk. Higher is better.
Std. deviation17.7618.53How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

Nippon India Growth Mid Cap Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity98.8%
  • Debt0.0%
  • Other1.2%

Market cap split

  • Large21.3%
  • Mid67.1%
  • Small11.7%
P/E
29.34
P/B
3.91

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
AU Small Finance Bank Ltd.Financial2.93%₹1,532 Cr+2.28%+2.40%+2.16%
Multi Commodity Exchange Of India Ltd.Services2.80%₹1,462 Cr+1.50%——
The Federal Bank Ltd.Financial2.80%₹1,462 Cr+2.50%+2.80%+2.00%
Info Edge (India) Ltd.Services2.64%₹1,379 Cr+2.10%+1.08%+1.19%
Fortis Healthcare Ltd.Healthcare2.61%₹1,364 Cr+2.68%+2.90%+3.22%
BSE Ltd.Services2.45%₹1,280 Cr+3.32%+3.26%+2.79%
Eternal Ltd.Services2.39%₹1,247 Cr+2.17%+1.06%+1.55%
REC Ltd.Financial2.20%₹1,150 Cr+0.71%+0.80%+0.91%
Bharat Forge Ltd.Automobile2.05%₹1,073 Cr+2.25%+2.37%+1.57%
One97 Communications Ltd.Services2.00%₹1,047 Cr+1.56%+1.37%+1.73%

Sectors

  • Financial21.1%
  • Services20.0%
  • Healthcare11.6%
  • Capital Goods10.0%
  • Automobile9.0%
  • Energy5.0%
  • Consumer Staples4.4%
  • Materials3.5%

Instruments

  • Repo0.8%
  • Net Current Assets0.3%
  • Cash Margin0.1%
  • Margin Money0.0%

Recent changes

HoldingFromToWeight
Shree Cement Ltd.0.36%1.20%+0.84%
ICICI Bank Ltd.1.98%1.39%-0.59%
Multi Commodity Exchange Of India Ltd.2.28%2.80%+0.52%
Astral Ltd.0.13%0.58%+0.45%
company:14120.00%0.34%+0.34%
Bharat Forge Ltd.2.36%2.05%-0.31%
REC Ltd.2.50%2.20%-0.30%
ICICI Lombard General Insurance Company Ltd.1.49%1.79%+0.30%
BSE Ltd.2.73%2.45%-0.28%
One97 Communications Ltd.1.75%2.00%+0.25%
Voltas Ltd.1.81%1.58%-0.23%
Power Finance Corporation Ltd.0.93%0.72%-0.21%
Ashok Leyland Ltd.1.44%1.24%-0.20%
Hindustan Petroleum Corporation Ltd.0.85%0.65%-0.20%
APL Apollo Tubes Ltd.1.04%1.23%+0.19%
AU Small Finance Bank Ltd.2.74%2.93%+0.19%
Interglobe Aviation Ltd.0.46%0.28%-0.18%
Gland Pharma Ltd.1.38%1.55%+0.17%
Torrent Power Ltd.0.98%0.82%-0.16%
Samvardhana Motherson International Ltd.1.54%1.70%+0.16%
GE Vernova T&D India Ltd1.85%1.99%+0.14%
Cummins India Ltd.1.30%1.17%-0.13%
NLC India Ltd.1.04%0.91%-0.13%
Piramal Finance Ltd.0.41%0.54%+0.13%
Lupin Ltd.1.05%0.92%-0.13%
HDFC Asset Management Company Ltd.0.53%0.40%-0.13%
Mankind Pharma Ltd.1.69%1.81%+0.12%
Angel One Ltd.0.91%0.80%-0.11%
Page Industries Ltd.0.76%0.66%-0.10%
Ipca Laboratories Ltd.1.07%1.17%+0.10%
Balkrishna Industries Ltd.0.95%0.85%-0.10%
The Federal Bank Ltd.2.90%2.80%-0.10%
Cholamandalam Financial Holdings Ltd.1.63%1.53%-0.10%
Jubilant FoodWorks Ltd.0.97%1.06%+0.09%
Blue Star Ltd.0.60%0.51%-0.09%
Restaurant Brands Asia Ltd.0.20%0.28%+0.08%
NTPC Ltd.0.96%0.88%-0.08%
Bharat Heavy Electricals Ltd.1.36%1.44%+0.08%
Sundram Fasteners Ltd.0.40%0.48%+0.08%
MTAR Technologies Ltd.0.39%0.47%+0.08%
Devyani International Ltd.0.40%0.47%+0.07%
United Breweries Ltd.0.69%0.62%-0.07%
Trent Ltd.0.95%0.88%-0.07%
Alkem Laboratories Ltd.1.32%1.25%-0.07%
Varun Beverages Ltd.1.66%1.72%+0.06%
Colgate-Palmolive (India) Ltd.0.53%0.47%-0.06%
Fortis Healthcare Ltd.2.55%2.61%+0.06%
Coromandel International Ltd.0.49%0.44%-0.05%
Sundaram Finance Ltd.0.89%0.84%-0.05%
LG Electronics India Ltd.0.51%0.56%+0.05%
Sanofi Consumer Healthcare India Ltd.0.40%0.35%-0.05%
Prudent Corporate Advisory Services Ltd.0.55%0.60%+0.05%
Mahindra & Mahindra Financial Services Ltd.0.80%0.75%-0.05%
Indian Bank1.07%1.12%+0.05%
Indus Towers Ltd.1.39%1.34%-0.05%
Gujarat Energy Ltd.0.42%0.37%-0.05%
Bajaj Housing Finance Ltd.0.12%0.16%+0.04%
Apar Industries Ltd.0.25%0.29%+0.04%
NTPC Green Energy Ltd.1.38%1.34%-0.04%
Union Bank of India0.54%0.58%+0.04%
Persistent Systems Ltd.1.80%1.76%-0.04%
Crompton Greaves Consumer Electricals Ltd.0.31%0.27%-0.04%
Glaxosmithkline Pharmaceuticals Ltd.0.29%0.33%+0.04%
Schaeffler India Ltd.0.72%0.69%-0.03%
HDB Financial Services Ltd.0.95%0.92%-0.03%
The Indian Hotels Company Ltd.1.13%1.10%-0.03%
Container Corporation Of India Ltd.0.54%0.51%-0.03%
Swiggy Ltd.0.84%0.81%-0.03%
Max Financial Services Ltd.1.45%1.48%+0.03%
3M India Ltd.0.41%0.38%-0.03%
Dalmia Bharat Ltd.0.64%0.61%-0.03%
Dixon Technologies (India) Ltd.1.16%1.19%+0.03%
Prestige Estates Projects Ltd.1.19%1.16%-0.03%
Info Edge (India) Ltd.2.61%2.64%+0.03%
Bharat Electronics Ltd.0.76%0.79%+0.03%
JK Cement Ltd.0.32%0.30%-0.02%
CG Power and Industrial Solutions Ltd.0.87%0.89%+0.02%
ITC Hotels Ltd.0.53%0.51%-0.02%
Tube Investments Of India Ltd.1.40%1.42%+0.02%
Gujarat Fluorochemicals Ltd.0.52%0.54%+0.02%
ZF Commercial Vehicle Control Systems India Ltd.0.97%0.99%+0.02%
FSN E-Commerce Ventures Ltd.1.10%1.12%+0.02%
RBL Bank Ltd.0.67%0.65%-0.02%
Tata Communications Ltd.0.20%0.19%-0.01%
Max Healthcare Institute Ltd.1.47%1.46%-0.01%
Bata India Ltd.0.26%0.25%-0.01%
Timken India Ltd.0.40%0.39%-0.01%
Carborundum Universal Ltd.0.65%0.66%+0.01%
Sanofi India Ltd.0.12%0.11%-0.01%
Others0.15%0.14%-0.01%
Mphasis Ltd.0.54%0.55%+0.01%
Deepak Nitrite Ltd.0.21%0.22%+0.01%
Hindustan Aeronautics Ltd.0.50%0.51%+0.01%
Eternal Ltd.2.38%2.39%+0.01%
GSPL Transmission Ltd.0.08%0.07%-0.01%
Supreme Industries Ltd.0.83%0.83%0.00%
Bank of India0.39%0.39%0.00%
Vishal Mega Mart Ltd.0.74%0.74%0.00%
Endurance Technologies Ltd.0.71%0.71%0.00%
NMDC Ltd.0.38%0.38%0.00%
Radico Khaitan Ltd.0.93%0.93%0.00%
Globsyn Technologies0.00%0.00%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹13,775 Cr2.01%12.4%14.1%18.9%
Edelweiss Mid Cap Fund₹19,891 Cr1.87%5.2%10.6%17.1%
HSBC Midcap Fund₹17,188 Cr2.21%20.9%16.6%20.4%
Invesco India Mid Cap Fund₹15,905 Cr1.88%12.3%15.2%20.0%
ICICI Prudential Mid Cap Fund₹8,403 Cr1.84%10.0%13.6%17.9%
WhiteOak Capital Mid Cap Fund₹7,485 Cr2.25%13.9%14.3%—

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The scheme aims at long term growth of capital through research based investment approach. The funds will be invested in Equity and equity related instruments ,and there will be an exposure to debt and money market instruments also.

Fund managers

  • Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
  • Rupesh PatelMr. Rupesh is a B.E.(Civil) and MBA (Finance)Prior to joining Nippon India Mutual Fund, he has worked with Tata Asset Management Limited, Indiareit Fund Advisors Pvt. Ltd. and Credit Analysis & Research Ltd.
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months12.83% absolute₹60,000₹67,69812.83%
1 year8.49% annualised₹1,20,000₹1,25,6644.72%
3 years17.08% annualised₹3,60,000₹4,72,63331.29%
5 years16.59% annualised₹6,00,000₹9,38,06256.34%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of Nippon India Growth Mid Cap Fund?
The NAV of Nippon India Growth Mid Cap Fund is ₹4,419.55 as on 25 Sep 2026.
What is the expense ratio of Nippon India Growth Mid Cap Fund?
The expense ratio of Nippon India Growth Mid Cap Fund is 1.54% per year.
What is the minimum SIP amount for Nippon India Growth Mid Cap Fund?
You can start a SIP in Nippon India Growth Mid Cap Fund with ₹3,000 a month.
What returns has Nippon India Growth Mid Cap Fund given?
Nippon India Growth Mid Cap Fund has returned 6.2% over 1 year, 10.1% over 3 years and 17.3% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Growth Mid Cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 months.
How risky is Nippon India Growth Mid Cap Fund?
Nippon India Growth Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages Nippon India Growth Mid Cap Fund?
Nippon India Growth Mid Cap Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹7,67,506 Cr under management.