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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
₹23,495 Cr
up ₹2,114 Cr vs Nov 2023
- Stocks held
Nippon India Growth Mid Cap Fund is an active equity fund in the Mid Cap category from Nippon India Mutual Fund. In December 2023 it disclosed 98 stocks worth ₹23,495 Cr, up ₹2,114 Cr from Nov 2023. Its largest positions were Power Finance Corporation Limited (4.1%), Cholamandalam Financial Holdings Limited (2.7%), Varun Beverages Limited (2.6%); the ten largest together made up 24.8% of the portfolio, and Finance was the biggest sector at 10.6% of its equity. Cash and debt stood at 1.3%. Compared with Nov 2023 the fund entered 5 new stocks and exited 0.
Against 32 other Mid Cap funds
Concentration
28%
Top-10 weight is higher than 28% of peers
Breadth
91%
Holds more stocks than 91% of peers
Cash
9%
Holds more cash than 9% of peers
What these mean: concentration · cash
Holdings in December 2023
Download CSVEvery line the fund disclosed, with the change against Nov 2023. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Power Finance Corporation Limited | 4.07% | down 0.71 pts | ₹957 Cr | down ₹64.9 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.73% | down 0.11 pts | ₹642 Cr | up ₹33.6 Cr | Added |
| Varun Beverages Limited | 2.58% | down 0.06 pts | ₹606 Cr | up ₹42.5 Cr | Added |
| AU Small Finance Bank Limited | 2.35% | down 0.08 pts | ₹553 Cr | up ₹32.3 Cr | Added |
| Supreme Industries Limited | 2.33% | down 0.17 pts | ₹547 Cr | up ₹13.5 Cr | Added |
| Fortis Healthcare Limited | 2.32% | up 0.43 pts | ₹546 Cr | up ₹141 Cr | Added |
| Persistent Systems Limited | 2.22% | up 0.11 pts | ₹523 Cr | up ₹70 Cr | Added |
| Angel One Limited | 2.12% | down 0.26 pts | ₹499 Cr | down ₹9.7 Cr | Trimmed |
| Max Financial Services Limited | 2.07% | down 0.30 pts | ₹487 Cr | down ₹20.7 Cr | Trimmed |
| NTPC Limited | 2.01% | up 0.15 pts | ₹472 Cr | up ₹75.6 Cr | Added |
| Prestige Estates Projects Limited | 1.87% | up 0.12 pts | ₹439 Cr | up ₹65.6 Cr | Added |
| Alkem Laboratories Limited | 1.75% | up <0.01 pts | ₹411 Cr | up ₹37.8 Cr | Added |
| Max Healthcare Institute Limited | 1.69% | up 0.47 pts | ₹398 Cr | up ₹137 Cr | Added |
| The Federal Bank Limited | 1.62% | down 0.06 pts | ₹381 Cr | up ₹21.5 Cr | Added |
| Dalmia Bharat Limited | 1.58% | down 0.11 pts | ₹372 Cr | up ₹9.4 Cr | Added |
| Trent Limited | 1.58% | down 0.21 pts | ₹370 Cr | down ₹12.5 Cr | Trimmed |
| Container Corporation of India Limited | 1.53% | up 0.01 pts | ₹360 Cr | up ₹35 Cr | Added |
| Bharat Forge Limited | 1.48% | up 0.59 pts | ₹347 Cr | up ₹156 Cr | Added |
| Aditya Birla Fashion and Retail Limited | 1.47% | down 0.20 pts | ₹344 Cr | down ₹12.4 Cr | Trimmed |
| HDFC Bank Limited | 1.46% | down <0.01 pts | ₹342 Cr | up ₹30.1 Cr | Added |
| Devyani International Limited | 1.37% | up 0.01 pts | ₹322 Cr | up ₹30.6 Cr | Added |
| Polycab India Limited | 1.35% | down 0.13 pts | ₹318 Cr | up ₹86 L | Held |
| Eternal Limited | 1.35% | down 0.07 pts | ₹317 Cr | up ₹13.2 Cr | Added |
| IPCA Laboratories Limited | 1.35% | down 0.16 pts | ₹316 Cr | down ₹5.6 Cr | Trimmed |
| Cash, TREPS & receivables | 1.34% | down 1.68 pts | ₹315 Cr | down ₹332 Cr | Trimmed |
| Mahindra & Mahindra Financial Services Limited | 1.30% | down 0.12 pts | ₹304 Cr | up ₹2.6 Cr | Added |
| REC Limited | 1.23% | up 0.09 pts | ₹289 Cr | up ₹44.9 Cr | Added |
| InterGlobe Aviation Limited | 1.14% | down 0.04 pts | ₹267 Cr | up ₹15.8 Cr | Added |
| Lupin Limited | 1.13% | down 0.07 pts | ₹266 Cr | up ₹8.4 Cr | Added |
| Page Industries Limited | 1.12% | down 0.07 pts | ₹264 Cr | up ₹8.6 Cr | Added |
| The Indian Hotels Company Limited | 1.12% | down 0.06 pts | ₹263 Cr | up ₹10 Cr | Added |
| Dixon Technologies (India) Limited | 1.12% | up 0.09 pts | ₹263 Cr | up ₹42.2 Cr | Added |
| Tube Investments of India Limited | 1.11% | down 0.05 pts | ₹260 Cr | up ₹12.9 Cr | Added |
| United Breweries Limited | 1.10% | down 0.02 pts | ₹258 Cr | up ₹20 Cr | Added |
| Cummins India Limited | 1.09% | down 0.07 pts | ₹255 Cr | up ₹7.1 Cr | Added |
| Endurance Technologies Limited | 1.07% | up 0.05 pts | ₹251 Cr | up ₹32.4 Cr | Added |
| Bharat Electronics Limited | 1.02% | down 0.09 pts | ₹239 Cr | up ₹2.6 Cr | Added |
| Voltas Limited | 1.00% | up 0.07 pts | ₹235 Cr | up ₹36.1 Cr | Added |
| Hindustan Aeronautics Limited | 0.99% | up 0.07 pts | ₹233 Cr | up ₹35.2 Cr | Added |
| Axis Bank Limited | 0.99% | down 0.16 pts | ₹231 Cr | down ₹12.4 Cr | Trimmed |
| Union Bank of India | 0.98% | up <0.01 pts | ₹231 Cr | up ₹21.8 Cr | Added |
| Astral Limited | 0.97% | up 0.97 pts | ₹229 Cr | up ₹229 Cr | New |
| Ashok Leyland Limited | 0.97% | down 0.10 pts | ₹227 Cr | down ₹2 Cr | Trimmed |
| Zee Entertainment Enterprises Limited | 0.97% | down 0.01 pts | ₹227 Cr | up ₹17.8 Cr | Added |
| 3M India Limited | 0.95% | up 0.08 pts | ₹224 Cr | up ₹37.6 Cr | Added |
| Timken India Limited | 0.91% | up 0.01 pts | ₹215 Cr | up ₹20.5 Cr | Added |
| Gland Pharma Limited | 0.88% | down 0.01 pts | ₹207 Cr | up ₹16.1 Cr | Added |
| Navin Fluorine International Limited | 0.85% | down 0.05 pts | ₹200 Cr | up ₹7.9 Cr | Added |
| Apollo Tyres Limited | 0.85% | up 0.85 pts | ₹200 Cr | up ₹200 Cr | New |
| Balkrishna Industries Limited | 0.83% | up 0.50 pts | ₹195 Cr | up ₹125 Cr | Added |
What changed, Nov 2023 to Dec 2023
New New positions (5)
- Astral Limited1.0% · ₹229 Cr
- Apollo Tyres Limited0.9% · ₹200 Cr
- Samvardhana Motherson International Limited0.7% · ₹173 Cr
- Indian Bank0.4% · ₹96.8 Cr
- Gujarat Gas Limited0.2% · ₹46.2 Cr
Exited Exited (0)
None.
Added Biggest additions
- Bharat Forge Limitedup ₹156 Cr (+0.59% pts)
- Fortis Healthcare Limited
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 Nov 2023, the weight rose most in Auto Components (+2.1 pts) and Industrial Products (+1.0 pts), and fell most in Finance (−1.1 pts) and Retailing (−0.6 pts).
- Auto Components4.6% → 6.8%+2.1 pts
- Industrial Products8.0% → 9.0%+1.0 pts
- Healthcare Services3.2% → 4.1%+0.9 pts
- Gas0.6% → 0.8%+0.2 pts
- Power3.3% → 3.5%+0.2 pts
- Telecom - Services0.9% → 1.1%+0.1 pts
- Finance11.7% → 10.6%−1.1 pts
- Retailing5.8% → 5.2%−0.6 pts
- Capital Markets3.7% → 3.2%−0.5 pts
- Pharmaceuticals & Biotechnology7.6% → 7.2%−0.4 pts
- Insurance3.0% → 2.6%−0.4 pts
- Automobiles0.9% → 0.6%−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 | Dec 2020 | Dec 2022 | Jun 2023 | Sep 2023 | Nov 2023 | Dec 2023 |
|---|---|---|---|---|---|---|
| Finance | 9.6% | 11.7% | 13.2% | 13.0% | 11.7% | 10.6% |
| Industrial Products | 2.8% | 4.0% | 6.0% | 6.6% | 8.0% | 9.0% |
| Banks | 8.8% | 9.9% | 10.4% | 9.7% | 7.9% | 7.9% |
| Pharmaceuticals & Biotechnology | 6.1% | 8.1% | 7.8% | 7.3% | 7.6% | 7.2% |
| Auto Components | 5.0% | 2.6% | 3.3% | 3.8% | 4.6% | 6.8% |
| Retailing | 3.5% | 5.0% | 4.1% | 5.2% | 5.8% | 5.2% |
| Consumer Durables | 7.6% | 4.8% | 5.5% | 5.1% | 4.6% | 4.6% |
| IT - Software | 3.6% | 6.7% | 5.3% | 4.3% | 4.2% | 4.3% |
| Beverages | 5.7% | 5.3% | 4.2% | 3.9% | 4.3% | 4.2% |
| Healthcare Services | 3.5% | 3.3% | 3.2% | 3.0% | 3.2% | 4.1% |
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, Dec 2023
1.3%
▼ 1.7 pts vs Nov 2023
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- 6.1%
- Dec 2022 · now ▼ 4.8 pts
- Last 12 months
- 1.3% – 4.6%
- 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.