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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
₹19,247 Cr
up ₹904 Cr vs Aug 2023
- Stocks held
- 92
Nippon India Growth Mid Cap Fund is an active equity fund in the Mid Cap category from Nippon India Mutual Fund. In September 2023 it disclosed 92 stocks worth ₹19,247 Cr, up ₹904 Cr from Aug 2023. Its largest positions were Cholamandalam Financial Holdings Limited (4.1%), Power Finance Corporation Limited (4.0%), AU Small Finance Bank Limited (2.8%); the ten largest together made up 26.4% of the portfolio, and Finance was the biggest sector at 13.0% of its equity. Cash and debt stood at 1.8%. Compared with Aug 2023 the fund entered 3 new stocks and exited 3.
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
13%
Holds more cash than 13% of peers
What these mean: concentration · cash
Holdings in September 2023
Download CSVEvery line the fund disclosed, with the change against Aug 2023. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cholamandalam Financial Holdings Limited | 4.12% | up 0.45 pts | ₹792 Cr | up ₹120 Cr | Added |
| Power Finance Corporation Limited | 3.99% | up 0.61 pts | ₹768 Cr | up ₹149 Cr | Added |
| AU Small Finance Bank Limited | 2.76% | down 0.18 pts | ₹531 Cr | down ₹7.5 Cr | Trimmed |
| Supreme Industries Limited | 2.58% | down 0.35 pts | ₹497 Cr | down ₹40.5 Cr | Trimmed |
| Varun Beverages Limited | 2.51% | up <0.01 pts | ₹482 Cr | up ₹23.6 Cr | Added |
| Max Financial Services Limited | 2.35% | down 0.18 pts | ₹453 Cr | down ₹11.9 Cr | Trimmed |
| Persistent Systems Limited | 2.13% | up 0.06 pts | ₹410 Cr | up ₹30.1 Cr | Added |
| Dalmia Bharat Limited | 2.04% | up 0.18 pts | ₹393 Cr | up ₹52.2 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 1.96% | down 0.07 pts | ₹377 Cr | up ₹4.6 Cr | Added |
| NTPC Limited | 1.93% | up 0.11 pts | ₹372 Cr | up ₹38.3 Cr | Added |
| The Federal Bank Limited | 1.87% | down 0.05 pts | ₹360 Cr | up ₹7.9 Cr | Added |
| Devyani International Limited | 1.85% | up 0.08 pts | ₹356 Cr | up ₹31.1 Cr | Added |
| Cash, TREPS & receivables | 1.82% | down 0.72 pts | ₹350 Cr | down ₹116 Cr | Trimmed |
| Fortis Healthcare Limited | 1.76% | down 0.04 pts | ₹338 Cr | up ₹8.3 Cr | Added |
| Polycab India Limited | 1.67% | down 0.01 pts | ₹322 Cr | up ₹13.2 Cr | Added |
| Angel One Limited | 1.66% | down 0.10 pts | ₹320 Cr | down ₹3.3 Cr | Trimmed |
| HDFC Bank Limited | 1.59% | down 0.13 pts | ₹305 Cr | down ₹9 Cr | Trimmed |
| Container Corporation of India Limited | 1.56% | up 0.31 pts | ₹300 Cr | up ₹71.3 Cr | Added |
| Aditya Birla Fashion and Retail Limited | 1.50% | down 0.05 pts | ₹289 Cr | up ₹3.8 Cr | Added |
| Trent Limited | 1.48% | down 0.05 pts | ₹286 Cr | up ₹4.3 Cr | Added |
| Alkem Laboratories Limited | 1.48% | down 0.09 pts | ₹285 Cr | down ₹2.9 Cr | Trimmed |
| IPCA Laboratories Limited | 1.38% | up 0.03 pts | ₹266 Cr | up ₹17.7 Cr | Added |
| Eternal Limited | 1.35% | down 0.01 pts | ₹260 Cr | up ₹10 Cr | Added |
| The Indian Hotels Company Limited | 1.28% | down 0.10 pts | ₹247 Cr | down ₹5.9 Cr | Trimmed |
| Axis Bank Limited | 1.22% | up 0.02 pts | ₹235 Cr | up ₹14.3 Cr | Added |
| Lupin Limited | 1.22% | up 0.02 pts | ₹235 Cr | up ₹14.7 Cr | Added |
| Max Healthcare Institute Limited | 1.21% | up 0.02 pts | ₹233 Cr | up ₹14.5 Cr | Added |
| Prestige Estates Projects Limited | 1.17% | down 0.14 pts | ₹225 Cr | down ₹15.5 Cr | Trimmed |
| Bharat Electronics Limited | 1.17% | down 0.01 pts | ₹225 Cr | up ₹8.3 Cr | Added |
| Page Industries Limited | 1.17% | down 0.09 pts | ₹224 Cr | down ₹6.8 Cr | Trimmed |
| InterGlobe Aviation Limited | 1.15% | down 0.08 pts | ₹221 Cr | down ₹5 Cr | Trimmed |
| Cummins India Limited | 1.15% | up 0.21 pts | ₹221 Cr | up ₹49.7 Cr | Added |
| Tube Investments of India Limited | 1.14% | down 0.02 pts | ₹219 Cr | up ₹6.4 Cr | Added |
| Zee Entertainment Enterprises Limited | 1.13% | down 0.05 pts | ₹218 Cr | up ₹1.9 Cr | Added |
| Dixon Technologies (India) Limited | 1.10% | up 0.01 pts | ₹212 Cr | up ₹11.4 Cr | Added |
| Voltas Limited | 1.08% | down 0.06 pts | ₹207 Cr | down ₹1.6 Cr | Trimmed |
| Union Bank of India | 1.07% | up 0.26 pts | ₹206 Cr | up ₹57.3 Cr | Added |
| REC Limited | 1.05% | up 0.39 pts | ₹201 Cr | up ₹81.9 Cr | Added |
| Bank of Baroda | 1.03% | up 0.08 pts | ₹198 Cr | up ₹24.8 Cr | Added |
| Steel Authority of India Limited | 1.02% | down 0.01 pts | ₹197 Cr | up ₹6.6 Cr | Added |
| Navin Fluorine International Limited | 1.02% | down 0.29 pts | ₹196 Cr | down ₹43.6 Cr | Trimmed |
| Ashok Leyland Limited | 1.01% | up 0.61 pts | ₹195 Cr | up ₹121 Cr | Added |
| 3M India Limited | 0.99% | down 0.03 pts | ₹191 Cr | up ₹3.9 Cr | Added |
| United Breweries Limited | 0.97% | down 0.02 pts | ₹186 Cr | up ₹4.8 Cr | Added |
| Crompton Greaves Consumer Electricals Limited | 0.97% | down 0.02 pts | ₹186 Cr | up ₹5.9 Cr | Added |
| Gland Pharma Limited | 0.94% | down 0.08 pts | ₹180 Cr | down ₹7.1 Cr | Trimmed |
| Piramal Enterprises Limited | 0.90% | down 0.25 pts | ₹174 Cr | down ₹36.9 Cr | Trimmed |
| MAHINDRA LIFESPACE DEVELOPERS LTD | 0.88% | down 0.07 pts | ₹169 Cr | down ₹5.3 Cr | Trimmed |
| Bata India Limited | 0.87% | down 0.09 pts | ₹168 Cr | down ₹8.3 Cr | Trimmed |
| MphasiS Limited | 0.86% | down 0.06 pts | ₹166 Cr | down ₹3.7 Cr | Trimmed |
What changed, Aug 2023 to Sep 2023
New New positions (3)
- Hindustan Aeronautics Limited0.8% · ₹160 Cr
- TVS Motor Company Limited0.8% · ₹152 Cr
- Carborundum Universal Limited0.3% · ₹66 Cr
Exited Exited (3)
- Hindustan Aeronautics Limitedwas 0.9% · ₹162 Cr
- LIC Housing Finance Limitedwas 0.6% · ₹106 Cr
- Infosys Limitedwas 0.5% · ₹86.1 Cr
Added Biggest additions
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 Aug 2023, the weight rose most in Automobiles (+0.8 pts) and Agricultural, Commercial & Construction Vehicles (+0.6 pts), and fell most in IT - Software (−0.6 pts) and Chemicals & Petrochemicals (−0.4 pts).
- Automobiles0.0% → 0.8%new+0.8 pts
- Agricultural, Commercial & Construction Vehicles0.4% → 1.0%+0.6 pts
- Finance12.6% → 13.0%+0.4 pts
- Transport Services2.5% → 2.8%+0.2 pts
- Power3.0% → 3.2%+0.2 pts
- Capital Markets2.4% → 2.6%+0.2 pts
- IT - Software4.9% → 4.3%−0.6 pts
- Chemicals & Petrochemicals3.0% → 2.6%−0.4 pts
- Petroleum Products0.7% → 0.3%−0.4 pts
- Realty2.3% → 2.1%−0.2 pts
- Pharmaceuticals & Biotechnology7.4% → 7.3%−0.2 pts
- Retailing5.3% → 5.2%−0.1 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 | Sep 2020 | Sep 2022 | Mar 2023 | Jun 2023 | Aug 2023 | Sep 2023 |
|---|---|---|---|---|---|---|
| Finance | 10.0% | 10.1% | 11.8% | 13.2% | 12.6% | 13.0% |
| Banks | 4.1% | 8.5% | 8.8% | 10.4% | 9.8% | 9.7% |
| Pharmaceuticals & Biotechnology | 13.7% | 6.6% | 8.4% | 7.8% | 7.4% | 7.3% |
| Industrial Products | 2.5% | 3.7% | 5.8% | 6.0% | 6.5% | 6.6% |
| Retailing | 3.6% | 5.0% | 4.2% | 4.1% | 5.3% | 5.2% |
| Consumer Durables | 6.9% | 5.6% | 5.5% | 5.5% | 5.1% | 5.1% |
| IT - Software | 2.3% | 5.5% | 5.8% | 5.3% | 4.9% | 4.3% |
| Beverages | 4.4% | 6.3% | 5.4% | 4.2% | 4.0% | 3.9% |
| Leisure Services | 0.5% | 5.5% | 3.8% | 4.3% | 4.0% | 3.9% |
| Auto Components | 5.5% | 2.9% | 2.8% | 3.3% | 3.7% | 3.8% |
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, Sep 2023
1.8%
▼ 0.7 pts vs Aug 2023
- Cash alone
- 1.8%
- cash and net receivables
- A year earlier
- 5.4%
- Sep 2022 · now ▼ 3.5 pts
- Last 12 months
- 1.8% – 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.