Nippon India Growth Mid Cap Fund
Nippon India Mutual Fund·Mid Cap Fund·vs Nifty Midcap 150 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹715.7966 | +3.35% | — | — | — | — | — |
| Regular Growth | ₹4299.8244 | +3.35% | -0.15% | +0.76% | +9.03% | +24.34% | +21.97% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
97
Top 5 Weight
14.22%
Top 10 Weight
24.21%
Active Share
—
Large Cap
20.09%
Gini
0.345
What Changed2026-03-31 → 2026-04-30
Holdings: 101 → 101+1 added−1 removed37 weight shifts ≥ 0.1%
| 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
Banks9.7%
Auto Components8.6%
Capital Markets8.3%
Finance7.5%
Pharmaceuticals & Biotechnology6.7%
Retailing6.2%
Power5.5%
Electrical Equipment5.4%
Industrial Products5.3%
Consumer Durables5.2%
Top 10 sectors by % to NAV. Excludes derivatives.