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4 star

Nippon India Growth Fund


Equity: Mid Cap

1 Lakh

Investment Grown to
₹ 1.95 Lakh

₹ 10000

Monthly SIP Grown to
₹ 6.30 Lakh

Suitability:

When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.

This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 47.05 -0.60 0.55 9.16 18.45 33.27 84.20 25.04 17.64 16.35 17.55
S&P BSE 150 MidCap TRI 46.97 -0.85 0.67 9.10 13.33 29.24 86.38 22.55 17.97 18.90 18.58
Equity: Mid Cap 42.11 -0.65 0.33 8.27 13.12 28.47 78.04 21.67 15.70 16.37 19.19
Rank within category 2 14 15 10 2 3 7 3 4 9 15
Number of funds in category 30 33 33 33 33 32 30 23 20 20 18

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Growth Fund  | Invest Online
4 star
Oct-95 84.20 25.04 17.64 1.90 11,322
Kotak Emerging Equity Fund Regular Plan  | Invest Online
4 star
Mar-07 79.86 24.36 17.35 1.81 15,709
Axis Midcap Fund
5 star
Feb-11 72.00 25.77 21.07 1.84 14,804
DSP Midcap Fund - Regular Plan  | Invest Online
4 star
Nov-06 57.41 21.32 15.73 1.80 13,774
PGIM India Midcap Opportunities Fund - Regular Plan  | Invest Online
5 star
Dec-13 99.39 32.61 19.97 2.25 2,709

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 20.31 13-May-2009 - 20-May-2009 -20.14 15-Jan-2008 - 22-Jan-2008
Month 50.82 03-Dec-1999 - 04-Jan-2000 -35.28 20-Feb-2020 - 23-Mar-2020
Quarter 86.37 05-Oct-1999 - 04-Jan-2000 -44.99 22-Feb-2000 - 23-May-2000
Year 229.36 04-Jan-1999 - 04-Jan-2000 -56.73 13-Mar-2000 - 13-Mar-2001

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 21.33 25.38 0.68 0.68 0.93 3.48
S&P BSE 150 MidCap TRI 18.95 26.72 0.56 0.56 -- --
Equity: Mid Cap 18.61 24.45 0.60 0.64 0.89 1.27
Rank within category 4 14 7 10 15 5
Number of funds in category 24 24 24 24 24 24

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Aug-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 78
Top 10 Stocks (%) 31.67
Top 5 Stocks (%) 18.25
Top 3 Sectors (%) 43.15
Portfolio P/B Ratio 4.30
Portfolio P/E Ratio 31.48

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 29,917 28,737
Giant (%) 4.31 4.79
Large (%) 12.41 13.56
Mid (%) 73.65 76.29
Small (%) 9.24 7.74
Tiny (%) 0.39 0.20

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Varun Beverages FMCG 70.42 5.33 3.90 4.56
equal Cholamandalam Financial Holdings Financial 18.52 4.61 2.21 3.64
down L&T Technology Services Engineering 66.95 3.45 0.39 3.45
down SRF Diversified 46.05 3.40 1.47 3.40
up Max Financial Services Financial 114.16 3.32 1.31 3.20
up ICICI Bank Financial 25.04 3.22 1.00 3.03
equal Ashok Leyland Automobile -- 3.41 0.00 3.03
down Mphasis Technology 48.90 2.61 0.00 2.61
equal Emami FMCG 52.95 3.01 0.00 2.53
equal Indian Railway Catering & Tourism Corporation Services 198.92 2.22 0.00 2.22
equal Voltas Consumer Durable 71.89 2.93 1.56 2.14
down Apollo Hospitals Healthcare 452.43 2.70 0.00 2.08
equal Aditya Birla Fashion and Retail Services -- 3.55 1.83 1.96
equal AU Small Finance Bank Financial 28.60 3.87 0.72 1.94
equal Deepak Nitrite Chemicals 34.59 1.92 0.00 1.92
equal Ipca Laboratories Healthcare 30.45 1.87 0.00 1.87
equal Bharat Electronics Engineering 24.21 1.88 0.39 1.78
equal Fortis Healthcare Healthcare -- 2.05 0.77 1.75
equal Sanofi India Healthcare 32.07 2.54 1.19 1.73
up The Federal Bank Financial 10.54 2.51 0.00 1.65
down Vardhman Textiles Textiles 13.16 2.75 1.62 1.62
equal Angel Broking Financial 27.91 1.62 0.00 1.61
down Jindal Steel & Power Metals 10.49 2.20 0.00 1.59
equal Trent Services -- 1.58 0.00 1.58
down Bharat Forge Automobile 228.10 3.12 0.00 1.47

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2021

Fund Manager

— Manish Gunwani since 16-Sep-2017

Education: Mr. Gunwani is a B.Tech. and PGDM.

Experience: Prior to joining Nippon India Mutual Fund, he has worked with ICICI Prudential Mutual Fund as Fund Manager and as Analyst in various organisations: Vicisoft Technologies, Lehman Brothers, Brics Securities , Lucky Securities, SSKI Securities and Prime Securities.

Funds Managed:

— Dhrumil Shah since 01-Feb-2019

Education: Mr. Shah is B.com and C.A

Experience: Prior to joining Nippon India Mutual Fund, he has worked with Birla Sun Life Insurance as AVP Investments, Equity Fund Management and Research and ASK investment Managers as Portfolio Manager, Equity Fund Management and Research.

Funds Managed:

— Tejas Sheth since 20-May-2019

Education: Mr. Sheth has done PG Diploma in Managemaent.

Experience: Prior to joining Nippon India Mutual Fund he has worked with Emkay Global Financial Services Ltd., Fortune Financial Pvt. Ltd. and Darashaw & Co. Pvt. Ltd.

Funds Managed:


-0.60%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 2,051.7274

IDCW: ₹ 80.6284

Bonus: ₹ 341.5484


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 1% for redemption within 30 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 08-Oct-1995
Return Since Launch: 22.74%
Benchmark: S&P BSE Mid Cap TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 11,322 Cr (As on 31-Aug-2021)
Expense: 1.90% (As on 31-Aug-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 82.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW12-Mar-20214.5000

 13-Mar-20208.8541
 15-Mar-20195.5338
 16-Mar-20189.0000
 09-Mar-20177.0000
 15-Mar-20165.5000
 05-Mar-20156.5000
 14-Mar-20144.0000
 26-Mar-20135.0000
 23-Mar-20122.0000
 24-Mar-20114.0000
 30-Mar-20102.5000
 31-Oct-20095.0000
 20-Mar-20092.0000
 19-Mar-20086.5000
 17-Aug-20073.5000
 12-Mar-20077.5000
 30-Oct-20062.5000
 29-Mar-20067.5000
 19-Dec-20053.0000
 29-Mar-20055.0000
 24-Dec-20042.5000
 19-Oct-20043.0000
 12-Mar-20047.5000
 18-Dec-20036.0000

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

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DateThursday, 30-Sep-2021
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