Nippon India Growth Mid Cap Fund
The fund is positioned for steady growth across financials and infrastructure-dependent sectors, betting on mid-cap banks and non-bank lenders to drive returns. The concentration remains moderate with top-ten holdings at 24.2%, though the significant overweight to banking, capital markets, and power signals conviction in India's credit cycle and energy transition. The exit from Hyundai Motor and MCX's increased weighting suggest the manager is tilting away from cyclical autos toward more defensive financial services and commodity-linked plays.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹725.2595 | +1.91% | — | — | — |
| Regular Growth | ₹4356.6685 | +1.91% | +8.81% | +24.46% | +22.29% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Cash Margin - Derivatives | 0.27% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | BSE Limited INE118H01025 | 4.21% |
| 2 | Fortis Healthcare Limited INE061F01013 | 2.76% |
| 3 | The Federal Bank Limited INE171A01029 | 2.57% |
| 4 | AU Small Finance Bank Limited INE949L01017 | 2.44% |
| 5 | Bharat Forge Limited INE465A01025 | 2.24% |
| 6 | Power Finance Corporation Limited INE134E01011 | 2.17% |
| 7 | Voltas Limited INE226A01021 | 2.16% |
| 8 | ICICI Bank Limited INE090A01021 | 1.93% |
| 9 | GE Vernova T&D India Limited INE200A01026 | 1.88% |
| 10 | NTPC Green Energy Limited INE0ONG01011 | 1.85% |
| 11 | Cholamandalam Financial Holdings Limited INE149A01033 | 1.83% |
| 12 | Varun Beverages Limited INE200M01039 | 1.78% |
| 13 | Persistent Systems Limited INE262H01021 | 1.72% |
| 14 | Max Financial Services Limited INE180A01020 | 1.70% |
| 15 | Eternal Limited INE758T01015 | 1.67% |
| 16 | Bharat Heavy Electricals Limited INE257A01026 | 1.62% |
| 17 | Indus Towers Limited INE121J01017 | 1.61% |
| 18 | Ashok Leyland Limited INE208A01029 | 1.56% |
| 19 | Multi Commodity Exchange of India Limited INE745G01043 | 1.56% |
| 20 | Cummins India Limited INE298A01020 | 1.49% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Nippon India Growth Mid Cap Fund hold?
Nippon India Growth Mid Cap Fund holds 97 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 14.22% of NAV.
What is the largest holding in Nippon India Growth Mid Cap Fund?
The largest position in Nippon India Growth Mid Cap Fund is BSE Limited, accounting for 4.21% of NAV in the Capital Markets sector.
Is Nippon India Growth Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.345, Nippon India Growth Mid Cap Fund is well-diversified. The HHI concentration index is 14,351 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 14.22% of the portfolio.
What is the market cap allocation of Nippon India Growth Mid Cap Fund?
Based on SEBI's AMFI classification, Nippon India Growth Mid Cap Fund's equity portfolio is split as: Large Cap: 20.09%, Mid Cap: 66.39%, Small Cap: 9.47%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Nippon India Growth Mid Cap Fund invest in most?
Nippon India Growth Mid Cap Fund has the highest allocation to Banks (9.67%), Auto Components (8.58%), Capital Markets (8.35%). The fund is invested across 30 sectors in total.
How actively managed is Nippon India Growth Mid Cap Fund compared to other Mid Cap Fund funds?
Nippon India Growth Mid Cap Fund has an Active Share of 53.88%, classifying it as "Active Stock Picker" among 30 Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Nippon India Growth Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Nippon India Growth Mid Cap Fund added 1 new stock (including Cash Margin - Derivatives) and exited 1 stock (including Hyundai Motor India Ltd). Total holding count remained at 101 stocks.