Nippon India Growth Mid Cap Fund Direct-Growth
(Scheme Rating)
NAV as of Nov 04, 2026
4,767.890.99%
- Growth - Direct
(Earn upto 0.77% Extra Returns with Direct Plan)
Fund Category:
Equity: Mid Cap
Expense Ratio:
0.79%(0.87% Category
average)Fund Size:
Rs. 50,176.01 Cr(9.50% of Investment in Category)
Nippon India Growth Mid Cap Fund Direct-Growth
(Scheme Rating)
NAV as of Nov 04, 2026
4,767.890.99%
Expense Ratio:
0.79%
Fund Size:
Rs. 50,176.01 Cr
Fund Category:
Equity: Mid Cap
1. Current NAV: The Current Net Asset Value of the Nippon India Growth Mid Cap Fund - Direct Plan as of Nov 04, 2026 is Rs 4,767.89 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: -1.19% (1yr), 16.4% (3yr), 16.04% (5yr) and 17.3% (since launch). Whereas, Category returns for the same time duration are: -3.5% (1yr), 13.58% (3yr) and 12.47% (5yr).
3. Fund Size: The Nippon India Growth Mid Cap Fund - Direct Plan currently holds Assets under Management worth of Rs 50176.01 crore as on Jul 31, 2026.
4. Expense ratio: The expense ratio of the fund is 0.79% for Direct plan as on Oct 30, 2026.
5. Exit Load: Nippon India Growth Mid Cap Fund - Direct Plan shall attract an Exit Load, "Exit load of 1% if redeemed within 1 months"
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Nippon India Growth Mid Cap Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -0.10 -6.61 -0.55 0.37 16.54 16.00 Category Avg -0.44 -6.95 -0.21 -1.56 13.73 12.54 Rank within Category 19 22 27 11 10 6 No. of funds within Category 63 61 61 53 44 31 - Loading...
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Return Comparison
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Nippon India Growth Mid Cap Fund Direct-Growth Fund Details
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 House | Nippon India Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | NIFTY Midcap 150 Total Return Index |
| Return Since Launch | 17.57% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Nippon India Growth Mid Cap Fund Direct-Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 100.00 |
| Exit Load Exit load of 1% if redeemed within 1 months | |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
| SEP 2026 | JUL 2026 | JUN 2026 | MAY 2026 | APR 2026 | MAR 2026 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 100 | 100 | 96 | 98 | 97 | 98 |
| Top 5 Company Holdings | 13.73% | 13.53% | 13.42% | 13.03% | 14.22% | 13.61% |
| Top 10 Company Holdings | 24.77% | 25.03% | 23.9% | 23.11% | 24.21% | 24.0% |
| Company with Highest Exposure | MCX (3.22%) | The Federal Bank (2.9%) | BSE (2.99%) | BSE (3.32%) | BSE (4.21%) | BSE (3.58%) |
| Number of Sectors | 16 | 16 | 16 | 17 | 17 | 17 |
| Top 3 Sector Holdings | 53.05% | 52.91% | 51.48% | 49.94% | 49.24% | 47.79% |
| Top 5 Sector Holdings | 71.49% | 72.02% | 70.91% | 70.48% | 69.04% | 68.22% |
| Sector with Highest Exposure | Financial (21.04%) | Financial (21.96%) | Financial (20.74%) | Financial (20.42%) | Financial (21.24%) | Financial (21.81%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) MCX Services 3.22 - - 0.94 AU Small Finance Bank Financial 2.84 - - 0.10 The Federal Bank Financial 2.59 - - -0.31 Info Edge (India) Services 2.55 - - -0.06 Fortis Healthcare Healthcare 2.53 - - -0.02 Eternal Services 2.42 - - 0.04 BSE Services 2.4 - - -0.33 REC Financial 2.12 - - -0.38 ICICI Lombard Insurance 2.06 - - 0.57 One 97 Comm Services 2.04 - - 0.29
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Nippon India Growth Mid Cap Fund Direct-Growth 4,721.08 50,176.01 0.89 1.81 16.91 16.22 WhiteOak Capital Mid Cap Fund Direct-Growth 22.33 8,399.71 1.49 6.44 20.79 - HSBC Midcap Fund Direct-Growth 507.79 16,799.59 0.88 13.76 21.85 17.57 Edelweiss Mid Cap Direct Plan-Growth 121.55 19,230.16 1.06 1.36 19.50 16.59 Invesco India Mid Cap Fund Direct-Growth 229.17 15,779.55 1.98 4.69 22.88 18.01
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
18.33VS18.38Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.97VS0.96Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.62VS0.54Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
11.67VS10.35Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.81VS1.54Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
16.91VS15.58Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Nippon India Mutual Fund News
- MF Tracker: Nippon India Taiwan Equity Fund tops 1-year return chart with 118% gains. Can the strong performance continue?
- RHI Magnesita block deal: Dalmia Bharat refractories divests 11.11% stake for Rs 826 crore; SBI MF, Bandhan MF among buyers
- Y Combinator sells Meesho shares worth Rs 970 crore in block deals; Morgan Stanley, Goldman Sachs, Citigroup among buyers
- Nippon India Mutual Fund surpasses 4 crore investor folios, marks historic milestone
Fund Manager
- R.P.Rupesh PatelSince Jan 20231 schemes
- A.S.Amber SinghaniaSince Mar 202642 schemes
Mr. 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 Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India ELSS Tax Saver Fund Direct-Growth ELSS - Tax Saver 141.54 14,096.24 -2.73 MMS Finance (Mumbai University) Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
More Nippon India Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Nippon India Small Cap Fund Direct-Growth | 80,905.55 | -2.83 | -4.51 | 2.33 | 1.53 | 13.07 | |
| Nippon India Multi Cap Fund Direct-Growth | 53,766.63 | -0.28 | -7.31 | -3.24 | -5.88 | 12.18 | |
| Nippon India Large Cap Fund Direct-Growth | 51,296.06 | 3.68 | -5.09 | -1.16 | -6.16 | 11.48 | |
| Nippon India Growth Mid Cap Fund Direct-Growth | 50,176.01 | -0.10 | -6.61 | -0.55 | 0.37 | 16.54 | |
| Nippon India Liquid Fund Direct-Growth | 40,489.55 | 0.46 | 1.52 | 3.23 | 6.52 | 6.93 | |
| Nippon India Money Market Fund Direct-Growth | 19,854.77 | 0.36 | 1.46 | 3.38 | 6.33 | 7.32 | |
| Nippon India Multi Asset Allocation Fund Direct - Growth | 18,044.33 | -0.91 | -4.25 | -0.91 | 3.93 | 17.41 | |
| Nippon India Arbitrage Fund Direct-Growth | 17,215.96 | 0.75 | 1.26 | 3.53 | 6.91 | 7.31 | |
| Nippon India ELSS Tax Saver Fund Direct-Growth | 14,096.24 | 2.81 | -4.38 | -0.28 | -2.73 | 12.54 | |
| Nippon India Ultra Short Term Fund Direct-Growth | 11,551.08 | 0.42 | 1.53 | 3.49 | 6.80 | 7.50 |
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1. Nippon India Growth Mid Cap Fund - Direct Plan is Open-ended Mid Cap Equity scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY Midcap 150 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.02% in equities, 0.01% in debts and 0.97% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 24.77% of the assets, the top 3 sectors constitute around 53.05% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Nippon India Growth Mid Cap Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
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FAQs about Nippon India Growth Mid Cap Fund Direct-Growth
- Is it safe to invest in Nippon India Growth Mid Cap Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India Growth Mid Cap Fund - Direct Plan comes under Very High risk category.
- What is the category of Nippon India Growth Mid Cap Fund - Direct Plan?Nippon India Growth Mid Cap Fund - Direct Plan belongs to the Equity : Mid Cap category of funds.
- How Long should I Invest in Nippon India Growth Mid Cap Fund - Direct Plan?The suggested investment horizon of investing into Nippon India Growth Mid Cap Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Nippon India Growth Mid Cap Fund - Direct Plan?The Nippon India Growth Mid Cap Fund - Direct Plan is managed by Rupesh Patel (Since Jan 01, 2023) , Kinjal Desai (Since May 25, 2018) and Amber Singhania (Since Mar 11, 2026).
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