• Mutual Funds
  • Nippon Mutual Fund
  • Nippon India Growth Fund (Growth)

Formerly Reliance Growth Gr

Nippon Mutual Fund

Nippon India Growth Fund (Growth)

EquityMid Cap

Top Ranked

1890.4623

NAV (May 20)

13.6%
5 Year CAGR
Scripbox Opinion

Top Ranked

These are the top-ranked funds within mid cap mutual funds.However, Scripbox does not recommend investing in mid cap mutual funds.

Our analysis of this fundLearn how we rate funds ->

Track Record

27 Years. The fund has an Extended history for analysis and the track record is excellent.

Relative Size

12,179 Cr. Category leader in size

Category View

Neutral. The category has a neutral investment outlook

Consistency Of Performance

Good. The historical performance of the fund has been good

Scripbox Recommended Large and Mid Cap Funds

Want the large and mid cap funds that are right for your long term equity investment needs?

Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

1890.4623

NAV (May 20)

Fund Returns

Last 1Y

15.3%

Last 3Y

19.3%

Last 5Y

13.6%

Last 10Y

16.7%

Since Inception

21.8%

6 Month CAGR

-10.8%

Scheme Information

Investment Objective

The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However,there can be no assurance that the investment objective of the Scheme will be realized,as actual market movements may be at variance with anticipated trends.

Expense Ratio

1.89

Launched (27y ago)

Oct 08, 1995

AUM in Crores

12178.256

ISIN

INF204K01323

Lock-in

No Lock-in

Benchmark

IISL Nifty Midcap 150 TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers

Kinjal Desai

Fund Manager

Manish Gunwani

Fund Manager

Tejas Sheth

Fund Manager

Dhrumil Shah

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 93,3385.00%

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 before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2022-05-20

Top Stock Holdings

varun beverages ltd

4.8%
4.8%

triparty repo

4.8%
4.8%

cholamandalam financial holdings ltd

3.7%
3.7%

au small finance bank ltd

3%
3%

max financial services ltd

2.8%
2.8%
See all holdings
allocation by market cap

Allocation by Sector

financial services

23.3%
23.3%

consumer cyclical

16.9%
16.9%

industrials

12.5%
12.5%

basic materials

10.7%
10.7%

technology

7.4%
7.4%
See all sectors

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record
Nippon India Value Fund (G)
Nippon India Value Fund (G)

₹ 4,388 cr

5

₹ 13,113 cr

5

₹ 13,113 cr

5

₹ 4,388 cr

5

₹ 4,388 cr

5

About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 241,302 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 99 equity,369 debt and 34 hybrid funds.

amc-img

  • 022-33031000
  • customer_care@reliancemutual.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    15.1%

    15.4%

    4.4%

    6.9%

    4.2%

    6.7%

    14.7%

    17.3%

    4.2%

    5.6%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    Nippon India Growth Fund-Growth is an open-ended midcap equity mutual fund scheme. The fund primarily invests in equity & equity-related instruments of midcap companies that have the potential to substantially increase their profitability along with a consistent track record. The focus is to identify potential market leaders at an early stage so that the fund may create long-term alpha. The scheme also focuses on identifying growth stocks that are available at reasonable prices. By doing so, the fund aims to adopt a Growth at Reasonable Price (GARP) style to invest its corpus. 

    The fund provides long-term capital appreciation and wealth creation over the long term. Nippon Mutual Fund manages the fund with the fund manager being Mr. Dhrumil Shah, Mr. Manish Gunwani, and Mr. Tejas Sheth. The fund is more suitable for an investment goal like children’s education & their future, retirement, or any other long-term growth. 

    Nippon India Growth Fund – Growth Investment Objective

    The investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity-related securities through a research-based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends. 

    Being a midcap-oriented fund, the scheme aims to achieve long-term wealth creation by investing in high-growth companies that are potential large-cap companies. The fund invests in themes like urban discretionary, short cycle CAPEX, and unique themes of insurance, commodity exchange, and logistics or distribution. Moreover, the fund also remains vigilant about the business and growth prospects of these companies. 

    Nippon India Growth Fund-Growth Scheme Details

    The scheme was launched on 8th October 1995 and it has been in existence for the past 26 years. It provides inflation-beating growth of capital over the investment horizon.

    NAV and Returns – As of 1st July 2021, the NAV of the fund is Rs 1,765.98. The risk-o-meter of the fund is very high risk. With this risk level, the investor must understand that their principal amount invested is at very high risk. With the existence of 27 years, Nippon India Growth Fund-Growth has delivered a return of 22.3% since its inception.

    Minimum Investment – The fund requires a minimum SIP investment of Rs 1000 and a minimum lump sum investment of Rs 5000.

    Expense Ratio and Exit Load – The expense ratio charged by the fund is 1.87%. This expense ratio is similar to the expense ratio charged by other AMCs for similar funds. The fund charges an exit load on the redemption of units. The exit load is charged on the units redeemed by the investor at the rate prevailing at the time of the allotment of such units

    Exit LoadCondition
    NILIf up to 10% of Units allotted are redeemed or switched out within 1 year from the date of allotment.
    1%For any redemption or switch out in excess of 10% of units allotted within one year from the date of allotment.
    NILIf units are redeemed or switched out after 1 year from the date of allotment.

    Fund Manager – The fund is being co-managed by Mr. Dhrumil Shah, Mr. Manish Gunwani, and Mr. Tejas Sheth. Mr. Dhrumil Shah is the assistant fund manager for equity investments. He has an experience of over 13 years in equity research and fund management. He has completed his graduation from  Mumbai University. He is a Qualified Chartered Accountant as well. Mr. Shah has been managing the fund as a co-fund manager since February 2019.  

    Mr. Manish Gunwani is the CIO – Equity Investments at Nippon Life India Asset Management Limited. He possesses experience of over 21 years in equities spanning categories in equity research and fund management. He is the co-founder of a technology company in the document management space. Mr. Gunwani has worked in various fields of equity research and portfolio management including research, product strategy, development of talent in the team, etc. He has been managing the fund since February 2019.

    Mr. Tejas Sheth is the Co-Fund Manager & Research Analyst for Equity at Nippon India Mutual Fund. Mr. Sheth has significant experience in Indian Equity Market including research and investment functions. He has been managing Nippon India Growth Fund since May 2019.

    Other Details – No lock-in period for the scheme and hence you can redeem your investment anytime. The AUM of Nippon India Growth Fund-Growth as of 1st July 2021 is Rs 9,747 cr. The fund benchmarks to S&P BSE Midcap TR INR. This fund is meant for a long-term minimum investment horizon of 10-15 years. Due to the asset class nature of the scheme, an investor may expect volatility over the short term. Nippon Life India Asset Management Limited was formerly known as Reliance Nippon Life Asset Management Limited.

    1 Year Return76.90%
    3 Years Return18.50%
    5 Years Return16.40%
    10 Years Return14.60%
    Returns Updated as of 1st July 2021

    Nippon India Growth Fund- Growth Top Stock Holdings

    The Nippon India Growth Fund-Growth has invested its assets majorly in the stocks of the following companies:

    CompanyPercentage of Holding (As of 1st July 2021)
    Varun Beverages Limited4.20%
    Cholamandalam Financial Holdings Limited4%
    Ashok Leyland Limited3.40%
    ICICI Bank Limited3%
    L&T Technology Services Limited2.80%
    Max Financial Services Limited2.80%

    Asset Allocation of Nippon India Growth Fund-Growth

    The Nippon India Growth Fund-Growth has invested in the following  sectors:

    SectorPercentage of Holding (As of 1st July 2021)
    Financial Services23.80%
    Consumer Cyclical18.20%
    Basic Materials12.70%
    Consumer Defensive10.80%
    Industrials8.80%
    Technology7.50%
    Healthcare6.90%
    Communication Services3.90%
    Real Estate2.20%
    Utilities1.30%
    Energy1%

    Nippon India Growth Fund- Growth Review

    Scripbox recommends Nippon India Growth Fund-Growth for investment within a mid cap mutual fund category. Midcap mutual funds provide inflation-beating growth and capital appreciation over the long term. Nippon India Growth Fund – Growth follows an in-depth research-based approach while investing in equity and equity-related instruments. An investor who is looking for a long-term investment with the goal of wealth creation and capital appreciation may prefer the fund. Moreover, the recommended investment duration is 10-15 years or longer (minimum 5 years).

    1. The fund has a sufficient history of 26 years for analysis. Track record is excellent.
    2. With an AUM or relative size of Rs 9,747 cr, the fund is a leader in size within its category.
    3. The historical performance of the scheme has been good so far. Moreover, the returns earned are similar to other funds in the same category of mutual funds.

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