Nippon India Growth Mid Cap Fund: ₹10,000 Put In Three Years Ago Is ₹15,835 Now; Up 0.37% in a Year
Key Highlights
₹10,000 in Nippon India Growth Mid Cap Fund three years ago is ₹15,835 now (3 Nov 2026). 1-year 0.37%, 3-year 16.54% a year.
Returns as of: 3 November 2026
- ₹10,000 put in three years ago is worth ₹15,835 now
- 1-year return: 0.37%, higher than the category average of 0.26%
- 3-year return: 16.54% a year, higher than the category average of 15.47%
- Expense ratio (Direct plan): 0.80%, lower than the category average of 1.10%
- Assets: ₹50,176 crore at 30 September 2026
- Largest holding: Multi Commodity of India Limited, 3.22% of the fund; the top ten are 24.79%
- Volatility over three years: 16.70% a year
Nippon India Growth Mid Cap Fund returned 0.37% over the past year. A ₹10,000 investment in this Equity – Mid Cap Fund three years ago is worth ₹15,835 now. The expense ratio is 0.80% and assets were ₹50,176 crore at 30 September 2026.
Nippon India Growth Mid Cap Fund: key details
| Fund house | Nippon India Mutual Fund |
| Category | Equity – Mid Cap Fund |
| Nifty Midcap 150 – TRI | |
| Expense ratio (Direct plan) | 0.80% |
| Assets | ₹50,176 crore (30 September 2026) |
| Minimum investment | ₹100 |
| ₹100 | |
| Exit load | 1% on or before 1M, Nil after 1M |
| Fund managers | Rupesh Patel |
Nippon India Growth Mid Cap Fund: returns
| Period | Fund return | Category average | Rank in category |
|---|---|---|---|
| 1 week | 2.50% | – | – |
| 1 month | −0.10% | – | – |
| 3 months | −6.61% | – | – |
| 6 months | −0.55% | – | – |
| 1 year (a year) | 0.37% | 0.26% (31 funds) | 11 of 31 |
| 3 years (a year) | 16.54% | 15.47% (29 funds) | 10 of 29 |
| 5 years (a year) | 16.00% | – | – |
The 1-year return of 0.37% is higher than the category average of 0.26%. Over three years, the fund returned 16.54% a year, which is higher than the category average of 15.47%.
Assets over recent months
| Month | Assets (₹ crore) |
|---|---|
| 30 April 2026 | 45,820 |
| 31 May 2026 | 47,415 |
| 30 June 2026 | 49,169 |
| 31 July 2026 | 50,751 |
| 31 August 2026 | 52,271 |
| 30 September 2026 | 50,176 |
Volatility and largest fall
| Measure | Fund | Category median |
|---|---|---|
| Volatility (annualised) | 16.70% | 16.34% |
| Largest fall from a high (24 September 2024 to 28 February 2025) | −19.87% | −21.24% |
The fund had a volatility of 16.70% a year, which is higher than the category median of 16.34%. Its largest fall from a high was −19.87%, which is smaller than the category median of −21.24%.
Portfolio: top holdings
| Holding | Sector | Value (₹ crore) | |
|---|---|---|---|
| Multi Commodity Exchange of India Limited | Capital Markets | 3.22% | 1,618 |
| AU Small Finance Bank Limited | Banks | 2.84% | 1,425 |
| The Federal Bank Limited | Banks | 2.59% | 1,301 |
| Info Edge (India) Limited | Retailing | 2.55% | 1,280 |
| Fortis Healthcare Limited | Healthcare Services | 2.53% | 1,271 |
| Eternal Limited | Retailing | 2.42% | 1,216 |
| Limited | Capital Markets | 2.40% | 1,206 |
| REC Limited | Finance | 2.12% | 1,064 |
| ICICI Lombard General Insurance Company Limited | Insurance | 2.06% | 1,034 |
| One 97 Communications Limited | Financial Technology (Fintech) | 2.04% | 1,024 |
| Sector | Weight |
|---|---|
| Banks | 10.00% |
| Auto Components | 8.55% |
| Retailing | 8.39% |
| Finance | 8.00% |
| Pharmaceuticals & Biotechnology | 7.66% |
| Capital Markets | 7.31% |
| Type | Weight |
|---|---|
| Domestic Equities | 99.04% |
| Cash & Cash Equivalents and Net Assets | 0.96% |
| Change | Holding | Weight |
|---|---|---|
| No longer held | Globsyn Technologies Limited** | 0.00% before |
| Weight rose | Power Finance Corporation Limited | 0.72% to 1.20% |
| Weight rose | Multi Commodity Exchange of India Limited | 2.80% to 3.22% |
| Weight rose | HDFC Bank Limited | 0.34% to 0.71% |
| Weight rose | ICICI Lombard General Insurance Company Limited | 1.79% to 2.06% |
The ten largest holdings account for 24.79% of the portfolio. Multi Commodity Exchange of India Limited is the largest holding at 3.22%. Since the previous month, the weight of Multi Commodity Exchange of India Limited rose to 3.22% and the weight of Power Finance Corporation Limited rose to 1.20%.
Objective
The scheme states its objective as follows.
The primary investment objective of the scheme is to achieve long-term growth of capital by investing in equity and equity related securities through a research based investment approach.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Rupesh Patel | 14 years |
Nippon India Growth Mid Cap Fund: FAQs
What would ₹10,000 in the Nippon India Growth Mid Cap Fund be worth today?
₹10,000 put into the Direct Growth plan on 3 November 2023 would have been worth ₹15,835 on 3 November 2026. This is what happened over those three years, not a forecast.
What is the return of the Nippon India Growth Mid Cap Fund?
The Direct Growth plan returned 0.37% over one year to 3 November 2026, higher than the category average of 0.26%. Over three years it returned 16.54% a year.
What is the expense ratio of the Nippon India Growth Mid Cap Fund?
The expense ratio of the Direct plan is 0.80%; the average for 34 Direct plans in the category is 1.10%.
How large is the Nippon India Growth Mid Cap Fund?
Its assets were ₹50,176 crore at 30 September 2026.
What are the top holdings of the Nippon India Growth Mid Cap Fund?
At 30 September 2026 the largest holdings were Multi Commodity Exchange of India Limited (3.22%), AU Small Finance Bank Limited (2.84%), The Federal Bank Limited (2.59%). The top ten made up 24.79% of the fund.
Who manages the Nippon India Growth Mid Cap Fund?
The fund is managed by Rupesh Patel.
What is the minimum investment in the Nippon India Growth Mid Cap Fund?
The minimum investment is ₹100. The minimum is ₹100.
What is the exit load of the Nippon India Growth Mid Cap Fund?
The scheme states its exit load as: 1% on or before 1M, Nil after 1M
What is the benchmark of the Nippon India Growth Mid Cap Fund?
The scheme’s benchmark is the Nifty Midcap 150 – TRI.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.