HomeOur StoryMethodologyLearnFAQs

Nippon India Growth Mid Cap Fund

Mid CapVery HighOPEN-ENDED
Invest Now
NAV as on 9 Nov 2026
₹4,404.78+0.65%1 day
Return since launch
21.6%
52-week range
₹3,814.10 — ₹4,598.84
AUM
₹50,176 Cr

Nippon India Growth Mid Cap Fund is a Mid Cap equity fund from Nippon India Mutual Fund with ₹50,176 Cr under management, launched in 1995. Over three years it has returned 8.3% a year, against 14.8% for its category. The expense ratio is 1.56% 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
1Y4.0%+0.5 pts3.6%3.6%
2Y6.5%+0.2 pts6.3%5.2%
3Y8.3%−6.5 pts14.8%6.6%
5Y15.9%+3.2 pts12.8%12.7%
7Y20.0%+2.7 pts17.3%16.2%
10Y18.8%+3.7 pts15.1%15.2%

Fund against category

1Y
Fund4.0%
Category3.6%
3Y
Fund8.3%
Category14.8%
5Y
Fund15.9%
Category12.8%

Since launch (25 Sep 1995): 21.6%

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

1.56%

Expense ratio as on 31 Oct 2026

Charged yearly and already deducted from the NAV.

Base expense
1.25%
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
Alpha2.015.01Return earned above what the benchmark alone would have given. Higher is better.
Beta0.971.00How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.580.72Return earned for each unit of total risk taken. Higher is better.
Sortino0.790.96Return earned for each unit of downside risk. Higher is better.
Std. deviation18.3219.25How 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 30 Sep 2026

Asset allocation

  • Equity99.0%
  • Debt0.0%
  • Other1.0%

Market cap split

  • Large21.8%
  • Mid66.5%
  • Small11.7%
P/E
26.78
P/B
3.59

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
Multi Commodity Exchange Of India Ltd.Services3.22%₹1,618 Cr+2.19%+0.48%—
AU Small Finance Bank Ltd.Financial2.84%₹1,425 Cr+2.65%+2.34%+2.14%
The Federal Bank Ltd.Financial2.59%₹1,301 Cr+2.75%+2.68%+2.01%
Info Edge (India) Ltd.Services2.55%₹1,280 Cr+2.13%+1.15%+1.12%
Fortis Healthcare Ltd.Healthcare2.53%₹1,271 Cr+2.66%+2.71%+3.34%
Eternal Ltd.Services2.42%₹1,216 Cr+2.21%+1.10%+1.57%
BSE Ltd.Services2.40%₹1,206 Cr+2.99%+3.58%+2.65%
REC Ltd.Financial2.12%₹1,064 Cr+1.99%+0.77%+0.95%
ICICI Lombard General Insurance Company Ltd.Insurance2.06%₹1,034 Cr+1.42%+1.16%+1.25%
One 97 Communications Ltd.Services2.04%₹1,024 Cr+1.53%+1.33%+1.57%

Sectors

  • Financial21.0%
  • Services20.3%
  • Healthcare11.7%
  • Capital Goods9.9%
  • Automobile8.5%
  • Energy5.1%
  • Consumer Staples4.6%
  • Materials3.6%

Instruments

  • Repo0.9%
  • Cash Margin0.1%
  • Margin Money0.0%

Recent changes

HoldingFromToWeight
Power Finance Corporation Ltd.0.72%1.20%+0.48%
Multi Commodity Exchange Of India Ltd.2.80%3.22%+0.42%
HDFC Bank Ltd.0.34%0.71%+0.37%
ICICI Lombard General Insurance Company Ltd.1.79%2.06%+0.27%
ICICI Bank Ltd.1.39%1.17%-0.22%
Varun Beverages Ltd.1.72%1.94%+0.22%
The Federal Bank Ltd.2.80%2.59%-0.21%
The Indian Hotels Company Ltd.1.10%1.27%+0.17%
Hindustan Petroleum Corporation Ltd.0.65%0.49%-0.16%
Tube Investments Of India Ltd.1.42%1.26%-0.16%
Bajaj Housing Finance Ltd.0.16%0.31%+0.15%
Mankind Pharma Ltd.1.81%1.95%+0.14%
Max Financial Services Ltd.1.48%1.34%-0.14%
Supreme Industries Ltd.0.83%0.96%+0.13%
Voltas Ltd.1.58%1.47%-0.11%
Carborundum Universal Ltd.0.66%0.77%+0.11%
NTPC Green Energy Ltd.1.34%1.45%+0.11%
Ashok Leyland Ltd.1.24%1.14%-0.10%
AU Small Finance Bank Ltd.2.93%2.84%-0.09%
Info Edge (India) Ltd.2.64%2.55%-0.09%
Bharat Forge Ltd.2.05%1.96%-0.09%
Dixon Technologies (India) Ltd.1.19%1.10%-0.09%
Fortis Healthcare Ltd.2.61%2.53%-0.08%
REC Ltd.2.20%2.12%-0.08%
Gland Pharma Ltd.1.55%1.62%+0.07%
Indian Bank1.12%1.05%-0.07%
MTAR Technologies Ltd.0.47%0.54%+0.07%
Mahindra & Mahindra Financial Services Ltd.0.75%0.68%-0.07%
Prudent Corporate Advisory Services Ltd.0.60%0.53%-0.07%
RBL Bank Ltd.0.65%0.72%+0.07%
Prestige Estates Projects Ltd.1.16%1.10%-0.06%
BSE Ltd.2.45%2.40%-0.05%
FSN E-Commerce Ventures Ltd.1.12%1.07%-0.05%
HDB Financial Services Ltd.0.92%0.87%-0.05%
Mphasis Ltd.0.55%0.50%-0.05%
Torrent Power Ltd.0.82%0.87%+0.05%
United Breweries Ltd.0.62%0.57%-0.05%
APL Apollo Tubes Ltd.1.23%1.27%+0.04%
Blue Star Ltd.0.51%0.55%+0.04%
Cholamandalam Financial Holdings Ltd.1.53%1.49%-0.04%
Container Corporation Of India Ltd.0.51%0.47%-0.04%
HDFC Asset Management Company Ltd.0.40%0.36%-0.04%
Jubilant FoodWorks Ltd.1.06%1.02%-0.04%
One 97 Communications Ltd.2.00%2.04%+0.04%
Piramal Finance Ltd.0.54%0.50%-0.04%
Trent Ltd.0.88%0.84%-0.04%
Vishal Mega Mart Ltd.0.74%0.70%-0.04%
ZF Commercial Vehicle Control Systems India Ltd.0.99%0.95%-0.04%
NMDC Ltd.0.38%0.34%-0.04%
LG Electronics India Ltd.0.56%0.60%+0.04%
Page Industries Ltd.0.66%0.70%+0.04%
Balkrishna Industries Ltd.0.85%0.82%-0.03%
Bharat Heavy Electricals Ltd.1.44%1.41%-0.03%
Cummins India Ltd.1.17%1.14%-0.03%
Dalmia Bharat Ltd.0.61%0.58%-0.03%
ITC Hotels Ltd.0.51%0.54%+0.03%
Lupin Ltd.0.92%0.89%-0.03%
Persistent Systems Ltd.1.76%1.73%-0.03%
Astral Ltd.0.58%0.55%-0.03%
Union Bank of India0.58%0.55%-0.03%
Eternal Ltd.2.39%2.42%+0.03%
Alkem Laboratories Ltd.1.25%1.27%+0.02%
Bharat Electronics Ltd.0.79%0.77%-0.02%
CG Power and Industrial Solutions Ltd.0.89%0.87%-0.02%
Coromandel International Ltd.0.44%0.42%-0.02%
Crompton Greaves Consumer Electricals Ltd.0.27%0.25%-0.02%
Endurance Technologies Ltd.0.71%0.69%-0.02%
Glaxosmithkline Pharmaceuticals Ltd.0.33%0.31%-0.02%
Ipca Laboratories Ltd.1.17%1.19%+0.02%
NLC India Ltd.0.91%0.93%+0.02%
NTPC Ltd.0.88%0.90%+0.02%
Bata India Ltd.0.25%0.23%-0.02%
Deepak Nitrite Ltd.0.22%0.20%-0.02%
Sanofi Consumer Healthcare India Ltd.0.35%0.33%-0.02%
Radico Khaitan Ltd.0.93%0.95%+0.02%
GE Vernova T&D India Ltd1.99%2.01%+0.02%
Angel One Ltd.0.80%0.79%-0.01%
Apar Industries Ltd.0.29%0.30%+0.01%
Bank of India0.39%0.38%-0.01%
Gujarat Fluorochemicals Ltd.0.54%0.53%-0.01%
Interglobe Aviation Ltd.0.28%0.27%-0.01%
JK Cement Ltd.0.30%0.31%+0.01%
Samvardhana Motherson International Ltd.1.70%1.69%-0.01%
Schaeffler India Ltd.0.69%0.70%+0.01%
Swiggy Ltd.0.81%0.80%-0.01%
Timken India Ltd.0.39%0.40%+0.01%
Others0.14%0.15%+0.01%
Colgate-Palmolive (India) Ltd.0.47%0.46%-0.01%
Devyani International Ltd.0.47%0.46%-0.01%
3M India Ltd.0.38%0.38%0.00%
GSPL Transmission Ltd.0.07%0.07%0.00%
Globsyn Technologies0.00%0.00%0.00%
Gujarat Energy Ltd.0.37%0.37%0.00%
Hindustan Aeronautics Ltd.0.51%0.51%0.00%
Indus Towers Ltd.1.34%1.34%0.00%
Max Healthcare Institute Ltd.1.46%1.46%0.00%
Restaurant Brands Asia Ltd.0.28%0.28%0.00%
Sanofi India Ltd.0.11%0.11%0.00%
Shree Cement Ltd.1.20%1.20%0.00%
Sundaram Finance Ltd.0.84%0.84%0.00%
Sundram Fasteners Ltd.0.48%0.48%0.00%
Tata Communications Ltd.0.19%0.19%0.00%

Compare

Similar funds

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

FundAUMExpense1Y3Y5Y
Category average₹13,591 Cr1.99%9.0%12.0%17.5%
Edelweiss Mid Cap Fund₹19,230 Cr1.87%3.2%8.7%15.9%
HSBC Midcap Fund₹16,800 Cr2.15%15.2%14.1%19.0%
Invesco India Mid Cap Fund₹15,832 Cr1.85%12.4%14.1%19.3%
WhiteOak Capital Mid Cap Fund₹8,400 Cr2.25%11.2%12.7%—
ICICI Prudential Mid Cap Fund₹7,695 Cr1.83%2.9%10.3%15.9%
See all Mid Cap funds

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 months0.28% absolute₹60,000₹60,1680.28%
1 year3.82% annualised₹1,20,000₹1,22,5122.09%
3 years15.86% annualised₹3,60,000₹4,63,26328.68%
5 years15.34% annualised₹6,00,000₹9,05,44850.91%

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 ₹4,404.78 as on 9 Nov 2026.
What is the expense ratio of Nippon India Growth Mid Cap Fund?
The expense ratio of Nippon India Growth Mid Cap Fund is 1.56% 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 4.0% over 1 year, 8.3% over 3 years and 15.9% 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 ₹8,03,520 Cr under management.