Nippon India Growth Mid Cap Fund Direct- Growth

Q: What are the returns of this mutual fund scheme?

The Nippon India Growth Mid Cap Fund Direct- Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 18.18% since inception. Nippon India Growth Mid Cap Fund Direct- Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 10.98% 25.7% 23.3% 19.94% 18.18%

Previously called: Nippon India Growth Direct-G

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹4521.53-0.77% 1 day change	18.18% p.a.	App exclusive #NA View Ranked Funds	₹42,124 Cr

Historical NAV & returns

NAV: ₹4521.53 as on Feb 02, 2026

This fund Category average

Nippon India Growth Mid Cap Fund overview

Expense ratio	0.74% as on Feb 02, 2026
Exit load	1.0% Exit load of 1% if redeemed within 1 months!
AUM (Fund size)	₹42,124 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Nippon India Growth Mid Cap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-4.17%	-5.32%
3 Months	-3.87%	-6.06%
6 Months	0.71%	-1.6%
1 Year	10.98%	7.78%
2 Years	13.08%	10.87%
3 Years	25.7%	21.34%
4 Years	19.49%	15.42%
5 Years	23.3%	19.31%
7 Years	22.68%	18.87%
10 Years	19.94%	16.62%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 17.97%

Mid Cap 69.93%

Small Cap 9.84%

Other Cap 0%

Top holdings

BSE Ltd.3.19%

Fortis Healthcare Ltd.2.84%

AU Small Finance Bank Ltd.2.6%

The Federal Bank Ltd.2.6%

Top sectors

Financial 20.79%

Services 15.21%

Healthcare 10.949999999999998%

Automobile 10.389999999999999%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 0.01%

Allocation by Instruments

Repo 2.32%

Margin Money 0.01%

Other Holdings

Others 2.32%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Growth Mid Cap Fund	-4.17%	0.71%	10.98%	25.7%	23.3%	19.94%
HDFC Mid Cap Fund	-3.42%	3.25%	13.4%	25.92%	24.19%	19.89%
Motilal Oswal Midcap Fund	-7.8%	-10.58%	-4.17%	23.28%	25.54%	18.22%
Edelweiss Mid Cap Fund	-4.66%	1.31%	10.91%	26.68%	23.68%	20.4%
Kotak Midcap Fund	-5.0%	-2.91%	9.46%	21.86%	21.13%	19.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Growth Mid Cap Fund	15.42	0.95	1.18	1.74
HDFC Mid Cap Fund	13.88	0.85	1.31	1.87
Motilal Oswal Midcap Fund	18.56	0.96	0.92	1.15
Edelweiss Mid Cap Fund	15.41	0.93	1.27	1.64
Kotak Midcap Fund	15.18	0.89	1.0	1.25

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	13 yrs 1 m	0.74%
HDFC Mid Cap Fund	N.A.	92,642 Cr	13 yrs 1 m	0.74%
Motilal Oswal Midcap Fund	N.A.	36,880 Cr	12 yrs	0.76%
Edelweiss Mid Cap Fund	N.A.	13,650 Cr	13 yrs 1 m	0.42%
Kotak Midcap Fund	N.A.	60,637 Cr	13 yrs 1 m	0.38%

View all Mid Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.48 vs. 6.75 Underperformed at beating benchmark
Sharpe	1.18 vs. 6.89 Poor risk-adjusted returns
Beta	0.95 vs. 1.05 Less sensitive to market ups & downs
Standard deviation	15.42 vs. 14.58 More volatile performance

About this fund

About Nippon India Growth Mid Cap Fund

Nippon India Growth Mid Cap Fund Direct- Growth is a Mid Cap mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. Nippon India Growth Mid Cap Fund Direct- Growth has ₹42,124 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Growth Mid Cap Fund Direct- Growth as of 02/02/2026 is ₹4521.53. The fund has an expense ratio of 0.74%, which is close to what most other Mid Cap funds charge.

Nippon India Growth Mid Cap Fund Direct- Growth returns of last 1-year are 9.98%. Since launch, it has delivered 18.19% average annual returns. The fund has doubled the money invested in it every 3 yrs.
Nippon India Growth Mid Cap Fund Direct- Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is high.
The fund has the majority of its money invested in Financial, Services, Healthcare, Automobile, Capital Goods sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in BSE Ltd., Fortis Healthcare Ltd., AU Small Finance Bank Ltd., The Federal Bank Ltd., Persistent Systems Ltd..

...

Fund AUM	42,124 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Rupesh Patel

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.

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.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	7,11,598 Cr as on Dec 31, 2025
Address	30th Floor, One Lodha Place Senapati Bapat Marg, Lower Parel Mumbai Mumbai, 400013
Phone	+91 022 6808 7000

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Nippon India Small Cap Fund	N.A.	68,287 Cr	1.4%	25.53%
Nippon India Power & Infra Fund	N.A.	7,117 Cr	7.56%	24.46%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	7.1%	23.11%
Nippon India Value Fund	N.A.	9,153 Cr	8.17%	19.85%
Nippon India Nifty Midcap 150 Index Fund	N.A.	2,153 Cr	8.75%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Growth Mid Cap Fund Direct- Growth?

The current Net Asset Value (NAV) of the Nippon India Growth Mid Cap Fund - Direct Growth plan is approximately ₹4521.53 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Nippon India Growth Mid Cap Fund Direct- Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 18.18% since inception.

Nippon India Growth Mid Cap Fund Direct- Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
10.98%	25.7%	23.3%	19.94%	18.18%

How much does this mutual fund charge as expense ratio?

The Nippon India Growth Mid Cap Fund - Direct Growth has an expense ratio of 0.74%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Nippon India Growth Mid Cap Fund currently has assets under management (AUM) or fund size valued at approximately 42,124 Cr as on Dec 31, 2025.

What are the top stock holdings of Nippon India Growth Mid Cap Fund?

The Nippon India Growth Mid Cap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
BSE Ltd.	3.19%
Fortis Healthcare Ltd.	2.84%
AU Small Finance Bank Ltd.	2.6%
The Federal Bank Ltd.	2.6%
Persistent Systems Ltd.	2.45%
Cholamandalam Financial Holdings Ltd.	2.3%
Voltas Ltd.	2.23%
Ashok Leyland Ltd.	2.21%
Max Financial Services Ltd.	2.02%
Bharat Forge Ltd.	1.9%

What are the top sectors Nippon India Growth Mid Cap Fund has invested in?

The Nippon India Growth Mid Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	20.79%
Services	15.21%
Healthcare	10.949999999999998%
Automobile	10.389999999999999%
Capital Goods	9.6%
Energy	6.7700000000000005%
Consumer Discretionary	4.18%
Consumer Staples	4.18%
Technology	3.18%
Materials	2.94%

What is risk level of Nippon India Growth Mid Cap Fund?

This is a Mid Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Nippon India Growth Mid Cap Fund Direct- Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Nippon India Growth Mid Cap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Nippon India Growth Mid Cap Fund is complete.

How can I redeem my investments in Nippon India Growth Mid Cap Fund?

Redeeming your investments in the Nippon India Growth Mid Cap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Mid Cap

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Mid Cap funds in the last 10 Years.
Chance: This fund has generated a 14.92% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Exit Load: Exit load of 1% if redeemed within 1 months