Nippon India Growth Mid Cap Fund, a flagship fund by Nippon India Mutual Fund, turned a Rs 1 lakh investment into Rs 4 crore since its inception 30 years ago, delivering a stellar compounded annual growth rate ( CAGR) of 22.33% since its launch in October 1995.
According to the fund house, this performance highlights the fund's successful growth-oriented strategy over three decades and demonstrates the profound impact of disciplined, long-haul investing.
Also Read | MF Tracker: Can this international fund which gave 13% return last month sustain momentum?
A monthly SIP of Rs 1,000 since inception would have grown to Rs 2.25 crore, achieving an XIRR of 23%. More recently, Rs 10,000 monthly SIP over the past decade, with a total outflow of Rs 12 lakh, would have matured to Rs 36.9 lakh, delivering an annualised return of 21.39%.
The scheme’s Net Asset Value ( NAV) has surged 180 times, from Rs 10 at launch to Rs 2,001.69 as of September 2025, according to a release by the fund house.
With an Assets Under Management ( AUM) of approximately Rs 38,400 crore, Nippon India Growth Mid Cap Fund stands among the largest and oldest mid-cap equity funds in India. The fund follows a growth-oriented investment philosophy, focusing on companies with above-average earnings potential and strong fundamentals, offering investors both diversification and the opportunity for capital appreciation.
Also Read | Radhika Gupta on how a 50:50 gold-silver mix worked for the industry’s first FoF
In the last three years, the fund has delivered a CAGR of 25.45%, followed by 30.62% in the last five years. In the last 10 years and 20 years, the fund has offered a CAGR of 17.90% and 17.76%, respectively.
Staying true to its mandate, the fund maintains a predominant allocation to mid-cap stocks. Its portfolio is well-diversified across sectors to mitigate risk while focusing on capital appreciation, the release said.
The financial sector constitutes the largest allocation (25% exposure), accounting for nearly a quarter of the corpus. This is complemented by significant investments in the consumer discretionary and industrial sectors, each making up about 17% of the portfolio. The fund further diversifies into healthcare, technology, energy, and materials. The fund maintains a diversified mid-cap portfolio with a focus on long-term growth opportunities.
According to the fund house, this performance highlights the fund's successful growth-oriented strategy over three decades and demonstrates the profound impact of disciplined, long-haul investing.
Also Read | MF Tracker: Can this international fund which gave 13% return last month sustain momentum?
A monthly SIP of Rs 1,000 since inception would have grown to Rs 2.25 crore, achieving an XIRR of 23%. More recently, Rs 10,000 monthly SIP over the past decade, with a total outflow of Rs 12 lakh, would have matured to Rs 36.9 lakh, delivering an annualised return of 21.39%.
The scheme’s Net Asset Value ( NAV) has surged 180 times, from Rs 10 at launch to Rs 2,001.69 as of September 2025, according to a release by the fund house.
With an Assets Under Management ( AUM) of approximately Rs 38,400 crore, Nippon India Growth Mid Cap Fund stands among the largest and oldest mid-cap equity funds in India. The fund follows a growth-oriented investment philosophy, focusing on companies with above-average earnings potential and strong fundamentals, offering investors both diversification and the opportunity for capital appreciation.
Also Read | Radhika Gupta on how a 50:50 gold-silver mix worked for the industry’s first FoF
In the last three years, the fund has delivered a CAGR of 25.45%, followed by 30.62% in the last five years. In the last 10 years and 20 years, the fund has offered a CAGR of 17.90% and 17.76%, respectively.
Staying true to its mandate, the fund maintains a predominant allocation to mid-cap stocks. Its portfolio is well-diversified across sectors to mitigate risk while focusing on capital appreciation, the release said.
The financial sector constitutes the largest allocation (25% exposure), accounting for nearly a quarter of the corpus. This is complemented by significant investments in the consumer discretionary and industrial sectors, each making up about 17% of the portfolio. The fund further diversifies into healthcare, technology, energy, and materials. The fund maintains a diversified mid-cap portfolio with a focus on long-term growth opportunities.
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