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Mid Cap · Nippon India Mutual Fund · AMFI code 100375Nippon India Growth Mid Cap Fund
Disclosed for 84 months, Sep 2019 to Aug 2026.Published as: Nippon India Growth Mid Cap Fund (Mid Cap Fund- An open ended equity scheme predominantly investing in mid cap stocks)
Portfolio value
₹13,492 Cr
down ₹104 Cr vs Dec 2022
- Stocks held
- 89
Nippon India Growth Mid Cap Fund is an active equity fund in the Mid Cap category from Nippon India Mutual Fund. In January 2023 it disclosed 89 stocks worth ₹13,492 Cr, down ₹104 Cr from Dec 2022. Its largest positions were AU Small Finance Bank Limited (3.4%), Max Financial Services Limited (3.1%), Varun Beverages Limited (3.1%); the ten largest together made up 26.3% of the portfolio, and Finance was the biggest sector at 12.0% of its equity. Cash and debt stood at 2.5%. Compared with Dec 2022 the fund entered 3 new stocks and exited 2.
Against 32 other Mid Cap funds
Concentration
44%
Top-10 weight is higher than 44% of peers
Breadth
88%
Holds more stocks than 88% of peers
Cash
44%
Holds more cash than 44% of peers
What these mean: concentration · cash
Holdings in January 2023
Download CSVEvery line the fund disclosed, with the change against Dec 2022. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| AU Small Finance Bank Limited | 3.41% | down 0.17 pts | ₹460 Cr | down ₹26.4 Cr | Trimmed |
| Max Financial Services Limited | 3.08% | up 0.60 pts | ₹416 Cr | up ₹78.7 Cr | Added |
| Varun Beverages Limited | 3.08% | down 0.45 pts | ₹415 Cr | down ₹63.9 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 3.08% | up 0.26 pts | ₹415 Cr | up ₹31.6 Cr | Added |
| Power Finance Corporation Limited | 2.50% | up 0.02 pts | ₹337 Cr | up ₹71 L | Held |
| Cash, TREPS & receivables | 2.49% | down 3.60 pts | ₹336 Cr | down ₹493 Cr | Trimmed |
| Persistent Systems Limited | 2.46% | up 0.44 pts | ₹332 Cr | up ₹57.8 Cr | Added |
| Supreme Industries Limited | 2.26% | up 0.09 pts | ₹305 Cr | up ₹9.5 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 2.16% | down <0.01 pts | ₹291 Cr | down ₹2.3 Cr | Trimmed |
| Dalmia Bharat Limited | 2.14% | down 0.10 pts | ₹289 Cr | down ₹15.5 Cr | Trimmed |
| The Federal Bank Limited | 2.10% | down 0.06 pts | ₹284 Cr | down ₹9.7 Cr | Trimmed |
| Aditya Birla Fashion and Retail Limited | 1.99% | down 0.22 pts | ₹269 Cr | down ₹32.3 Cr | Trimmed |
| NTPC Limited | 1.92% | up 0.07 pts | ₹259 Cr | up ₹7.1 Cr | Added |
| Devyani International Limited | 1.90% | down 0.31 pts | ₹256 Cr | down ₹43.7 Cr | Trimmed |
| Fortis Healthcare Limited | 1.87% | down 0.01 pts | ₹252 Cr | down ₹4 Cr | Trimmed |
| IPCA Laboratories Limited | 1.79% | up 0.03 pts | ₹242 Cr | up ₹1.9 Cr | Added |
| Steel Authority of India Limited | 1.62% | up 0.15 pts | ₹218 Cr | up ₹19.2 Cr | Added |
| Angel One Limited | 1.58% | down 0.09 pts | ₹213 Cr | down ₹14.5 Cr | Trimmed |
| Infosys Limited | 1.55% | up 0.04 pts | ₹209 Cr | up ₹3.5 Cr | Added |
| Alkem Laboratories Limited | 1.54% | up 0.02 pts | ₹207 Cr | up ₹45 L | Held |
| Navin Fluorine International Limited | 1.52% | down 0.04 pts | ₹205 Cr | down ₹6.4 Cr | Trimmed |
| Tech Mahindra Limited | 1.47% | up 0.01 pts | ₹198 Cr | down ₹27 L | Held |
| Axis Bank Limited | 1.47% | down 0.09 pts | ₹198 Cr | down ₹14.1 Cr | Trimmed |
| LIC Housing Finance Limited | 1.47% | down 0.04 pts | ₹198 Cr | down ₹6.4 Cr | Trimmed |
| Voltas Limited | 1.43% | up 0.66 pts | ₹193 Cr | up ₹88.6 Cr | Added |
| Tube Investments of India Limited | 1.42% | down 0.08 pts | ₹192 Cr | down ₹12.2 Cr | Trimmed |
| InterGlobe Aviation Limited | 1.37% | up 0.08 pts | ₹184 Cr | up ₹10.1 Cr | Added |
| The Indian Hotels Company Limited | 1.34% | up 0.01 pts | ₹181 Cr | down ₹50 L | Held |
| Zee Entertainment Enterprises Limited | 1.31% | up 0.39 pts | ₹177 Cr | up ₹52.1 Cr | Added |
| Polycab India Limited | 1.30% | up 0.17 pts | ₹176 Cr | up ₹21.2 Cr | Added |
| Dr. Reddy's Laboratories Limited | 1.28% | up 0.04 pts | ₹173 Cr | up ₹3.5 Cr | Added |
| Trent Limited | 1.22% | down 0.15 pts | ₹164 Cr | down ₹21.3 Cr | Trimmed |
| Max Healthcare Institute Limited | 1.21% | up 0.02 pts | ₹163 Cr | up ₹80 L | Held |
| Bata India Limited | 1.18% | down 0.08 pts | ₹160 Cr | down ₹12.5 Cr | Trimmed |
| Prestige Estates Projects Limited | 1.16% | down 0.11 pts | ₹156 Cr | down ₹16.6 Cr | Trimmed |
| Bank of Baroda | 1.15% | down 0.11 pts | ₹155 Cr | down ₹16.5 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 1.15% | up 0.54 pts | ₹155 Cr | up ₹72.3 Cr | Added |
| Bharat Electronics Limited | 1.14% | down 0.05 pts | ₹154 Cr | down ₹8 Cr | Trimmed |
| Tata Chemicals Limited | 1.13% | up 0.05 pts | ₹152 Cr | up ₹5.7 Cr | Added |
| Lupin Limited | 1.10% | up 0.25 pts | ₹148 Cr | up ₹33.1 Cr | Added |
| Indraprastha Gas Limited | 1.09% | up 0.04 pts | ₹147 Cr | up ₹4 Cr | Added |
| Cummins India Limited | 1.06% | up 0.86 pts | ₹144 Cr | up ₹116 Cr | Added |
| United Breweries Limited | 1.06% | up 0.04 pts | ₹143 Cr | up ₹4.8 Cr | Added |
| Container Corporation of India Limited | 1.06% | down 0.18 pts | ₹143 Cr | down ₹25.1 Cr | Trimmed |
| Crompton Greaves Consumer Electricals Limited | 0.99% | down 0.01 pts | ₹134 Cr | down ₹2.2 Cr | Trimmed |
| Eternal Limited | 0.95% | down 0.17 pts | ₹128 Cr | down ₹24.5 Cr | Trimmed |
| Sanofi India Limited | 0.92% | down 0.05 pts | ₹125 Cr | down ₹8 Cr | Trimmed |
| Bayer Cropscience Limited | 0.91% | up 0.37 pts | ₹122 Cr | up ₹49 Cr | Added |
| Sona BLW Precision Forgings Limited | 0.88% | up 0.07 pts | ₹119 Cr | up ₹8.1 Cr | Added |
| Jindal Steel & Power Limited | 0.84% | up 0.01 pts | ₹113 Cr | up ₹57 L | Added |
What changed, Dec 2022 to Jan 2023
New New positions (3)
- Piramal Enterprises Limited0.7% · ₹94.6 Cr
- Apollo Tyres Limited0.2% · ₹22.5 Cr
- Timken India Limited0.1% · ₹11.1 Cr
Exited Exited (2)
- Godrej Industries Limitedwas 0.6% · ₹76.9 Cr
- Kirloskar Oil Engines Limitedwas 0.2% · ₹27.6 Cr
Added Biggest additions
- Cummins India Limitedup ₹116 Cr (+0.86% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Dec 2022, the weight rose most in IT - Software (+0.9 pts) and Industrial Products (+0.9 pts), and fell most in Banks (−0.9 pts) and Retailing (−0.7 pts).
- IT - Software6.7% → 7.6%+0.9 pts
- Industrial Products4.0% → 4.8%+0.9 pts
- Petroleum Products0.6% → 1.2%+0.5 pts
- Insurance2.6% → 3.2%+0.5 pts
- Consumer Durables4.8% → 5.3%+0.5 pts
- Entertainment1.0% → 1.3%+0.4 pts
- Banks9.9% → 9.0%−0.9 pts
- Retailing5.0% → 4.3%−0.7 pts
- Beverages5.3% → 4.8%−0.6 pts
- Leisure Services3.8% → 3.3%−0.4 pts
- Diversified1.2% → 0.8%−0.4 pts
- Cement & Cement Products3.5% → 3.3%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jan 2020 | Jan 2022 | Jul 2022 | Oct 2022 | Dec 2022 | Jan 2023 |
|---|---|---|---|---|---|---|
| Finance | 12.3% | 7.7% | 10.8% | 10.3% | 11.7% | 12.0% |
| Banks | 12.2% | 11.3% | 10.0% | 8.0% | 9.9% | 9.0% |
| Pharmaceuticals & Biotechnology | 7.6% | 3.7% | 5.9% | 8.2% | 8.1% | 8.2% |
| IT - Software | 0.8% | 3.6% | 4.4% | 7.1% | 6.7% | 7.6% |
| Consumer Durables | 4.6% | 7.5% | 5.6% | 5.2% | 4.8% | 5.3% |
| Industrial Products | 2.5% | 2.5% | 2.8% | 3.6% | 4.0% | 4.8% |
| Beverages | 6.0% | 6.4% | 6.0% | 5.9% | 5.3% | 4.8% |
| Retailing | 4.9% | 4.4% | 5.0% | 4.8% | 5.0% | 4.3% |
| Chemicals & Petrochemicals | 4.5% | 5.2% | 4.0% | 4.3% | 3.7% | 3.6% |
| Leisure Services | 2.5% | 3.0% | 5.1% | 4.2% | 3.8% | 3.3% |
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Jan 2023
2.5%
▼ 3.6 pts vs Dec 2022
- Cash alone
- 2.5%
- cash and net receivables
- A year earlier
- 4.8%
- Jan 2022 · now ▼ 2.3 pts
- Last 12 months
- 2.5% – 6.1%
- lowest to highest · record 7.9% in Sep 2019
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.