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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
₹24,366 Cr
up ₹871 Cr vs Dec 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 January 2024 it disclosed 98 stocks worth ₹24,366 Cr, up ₹871 Cr from Dec 2023. Its largest positions were Power Finance Corporation Limited (3.7%), Cholamandalam Financial Holdings Limited (3.0%), Persistent Systems Limited (2.4%); the ten largest together made up 23.5% of the portfolio, and Finance was the biggest sector at 10.8% of its equity. Cash and debt stood at 1.2%. Compared with Dec 2023 the fund entered 4 new stocks and exited 4.
Against 32 other Mid Cap funds
Concentration
25%
Top-10 weight is higher than 25% of peers
Breadth
91%
Holds more stocks than 91% of peers
Cash
6%
Holds more cash than 6% of peers
What these mean: concentration · cash
Holdings in January 2024
Download CSVEvery line the fund disclosed, with the change against Dec 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 | 3.73% | down 0.34 pts | ₹909 Cr | down ₹47.8 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.97% | up 0.23 pts | ₹723 Cr | up ₹80.4 Cr | Added |
| Persistent Systems Limited | 2.42% | up 0.20 pts | ₹591 Cr | up ₹68.2 Cr | Added |
| Fortis Healthcare Limited | 2.34% | up 0.02 pts | ₹570 Cr | up ₹23.9 Cr | Added |
| Varun Beverages Limited | 2.26% | down 0.32 pts | ₹551 Cr | down ₹55.5 Cr | Trimmed |
| Supreme Industries Limited | 2.04% | down 0.29 pts | ₹498 Cr | down ₹49.8 Cr | Trimmed |
| NTPC Limited | 1.98% | down 0.03 pts | ₹481 Cr | up ₹9.6 Cr | Added |
| Prestige Estates Projects Limited | 1.94% | up 0.07 pts | ₹472 Cr | up ₹32.2 Cr | Added |
| AU Small Finance Bank Limited | 1.93% | down 0.42 pts | ₹471 Cr | down ₹82.1 Cr | Trimmed |
| Angel One Limited | 1.87% | down 0.26 pts | ₹455 Cr | down ₹44 Cr | Trimmed |
| Max Financial Services Limited | 1.86% | down 0.21 pts | ₹454 Cr | down ₹32.6 Cr | Trimmed |
| Max Healthcare Institute Limited | 1.86% | up 0.16 pts | ₹453 Cr | up ₹54.8 Cr | Added |
| The Federal Bank Limited | 1.81% | up 0.19 pts | ₹442 Cr | up ₹60.5 Cr | Added |
| Bharat Forge Limited | 1.67% | up 0.20 pts | ₹408 Cr | up ₹60.9 Cr | Added |
| Alkem Laboratories Limited | 1.62% | down 0.13 pts | ₹395 Cr | down ₹16.3 Cr | Trimmed |
| Voltas Limited | 1.61% | up 0.62 pts | ₹393 Cr | up ₹159 Cr | Added |
| Aditya Birla Fashion and Retail Limited | 1.54% | up 0.08 pts | ₹376 Cr | up ₹31.2 Cr | Added |
| Dalmia Bharat Limited | 1.53% | down 0.05 pts | ₹373 Cr | up ₹75 L | Held |
| Container Corporation of India Limited | 1.53% | down 0.01 pts | ₹372 Cr | up ₹11.7 Cr | Added |
| Trent Limited | 1.47% | down 0.11 pts | ₹358 Cr | down ₹12.2 Cr | Trimmed |
| Samvardhana Motherson International Limited | 1.44% | up 0.70 pts | ₹351 Cr | up ₹178 Cr | Added |
| REC Limited | 1.43% | up 0.20 pts | ₹349 Cr | up ₹60.3 Cr | Added |
| Astral Limited | 1.43% | up 0.46 pts | ₹348 Cr | up ₹119 Cr | Added |
| IPCA Laboratories Limited | 1.43% | up 0.08 pts | ₹347 Cr | up ₹30.8 Cr | Added |
| Eternal Limited | 1.41% | up 0.06 pts | ₹343 Cr | up ₹25.9 Cr | Added |
| Page Industries Limited | 1.36% | up 0.24 pts | ₹332 Cr | up ₹68.2 Cr | Added |
| Info Edge (India) Limited | 1.36% | up 0.59 pts | ₹331 Cr | up ₹151 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 1.31% | up 0.01 pts | ₹318 Cr | up ₹13.8 Cr | Added |
| United Breweries Limited | 1.26% | up 0.17 pts | ₹307 Cr | up ₹49.8 Cr | Added |
| Lupin Limited | 1.24% | up 0.11 pts | ₹302 Cr | up ₹36.6 Cr | Added |
| Devyani International Limited | 1.24% | down 0.13 pts | ₹302 Cr | down ₹19.7 Cr | Trimmed |
| Cummins India Limited | 1.22% | up 0.14 pts | ₹298 Cr | up ₹42.9 Cr | Added |
| Cash, TREPS & receivables | 1.22% | down 0.12 pts | ₹296 Cr | down ₹18.5 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.21% | up 0.09 pts | ₹296 Cr | up ₹32.6 Cr | Added |
| Tube Investments of India Limited | 1.18% | up 0.07 pts | ₹286 Cr | up ₹26.2 Cr | Added |
| Endurance Technologies Limited | 1.12% | up 0.05 pts | ₹274 Cr | up ₹22.4 Cr | Added |
| Union Bank of India | 1.11% | up 0.13 pts | ₹271 Cr | up ₹40.3 Cr | Added |
| Balkrishna Industries Limited | 1.05% | up 0.22 pts | ₹255 Cr | up ₹60 Cr | Added |
| Hindustan Aeronautics Limited | 1.02% | up 0.03 pts | ₹249 Cr | up ₹16.2 Cr | Added |
| Indus Towers Limited | 1.00% | up 0.41 pts | ₹244 Cr | up ₹105 Cr | Added |
| Bharat Electronics Limited | 0.99% | down 0.03 pts | ₹242 Cr | up ₹2.2 Cr | Added |
| Dixon Technologies (India) Limited | 0.98% | down 0.13 pts | ₹240 Cr | down ₹23 Cr | Trimmed |
| Apollo Tyres Limited | 0.98% | up 0.13 pts | ₹238 Cr | up ₹38 Cr | Added |
| InterGlobe Aviation Limited | 0.97% | down 0.16 pts | ₹237 Cr | down ₹30.1 Cr | Trimmed |
| Axis Bank Limited | 0.92% | down 0.06 pts | ₹224 Cr | down ₹7.3 Cr | Trimmed |
| Timken India Limited | 0.92% | up <0.01 pts | ₹224 Cr | up ₹9 Cr | Added |
| Ashok Leyland Limited | 0.90% | down 0.06 pts | ₹220 Cr | down ₹7.1 Cr | Trimmed |
| One 97 Communications Limited | 0.87% | up 0.87 pts | ₹213 Cr | up ₹213 Cr | New |
| Gland Pharma Limited | 0.86% | down 0.02 pts | ₹210 Cr | up ₹3.4 Cr | Added |
| Torrent Power Limited | 0.86% | up 0.06 pts | ₹209 Cr | up ₹21.3 Cr | Added |
What changed, Dec 2023 to Jan 2024
New New positions (4)
- One 97 Communications Limited0.9% · ₹213 Cr
- Bank of India0.7% · ₹160 Cr
- CG Power and Industrial Solutions Limited0.4% · ₹103 Cr
- Hero MotoCorp Limited0.3% · ₹84.1 Cr
Exited Exited (4)
- HDFC Bank Limitedwas 1.5% · ₹342 Cr
- Polycab India Limitedwas 1.4% · ₹318 Cr
- Jindal Steel & Power Limitedwas 0.6% · ₹145 Cr
- TVS Motor Company Limitedwas 0.6% · ₹142 Cr
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 2023, the weight rose most in Auto Components (+1.2 pts) and Financial Technology (fintech) (+0.9 pts), and fell most in Industrial Products (−0.9 pts) and Banks (−0.9 pts).
- Auto Components6.8% → 8.0%+1.2 pts
- Financial Technology (fintech)0.0% → 0.9%new+0.9 pts
- Retailing5.2% → 5.8%+0.6 pts
- Electrical Equipment0.6% → 1.1%+0.5 pts
- Telecom - Services1.1% → 1.4%+0.4 pts
- Gas0.8% → 1.2%+0.4 pts
- Industrial Products9.0% → 8.2%−0.9 pts
- Banks7.9% → 7.1%−0.9 pts
- Ferrous Metals0.8% → 0.2%−0.7 pts
- Personal Products0.6% → 0.2%−0.4 pts
- Entertainment1.0% → 0.6%−0.4 pts
- Chemicals & Petrochemicals2.8% → 2.5%−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 2021 | Jan 2023 | Jul 2023 | Oct 2023 | Dec 2023 | Jan 2024 |
|---|---|---|---|---|---|---|
| Finance | 9.5% | 12.0% | 13.3% | 11.9% | 10.6% | 10.8% |
| Industrial Products | 3.4% | 4.8% | 6.4% | 7.4% | 9.0% | 8.2% |
| Auto Components | 4.7% | 2.7% | 3.4% | 4.5% | 6.8% | 8.0% |
| Pharmaceuticals & Biotechnology | 5.9% | 8.2% | 8.0% | 7.5% | 7.2% | 7.3% |
| Banks | 8.1% | 9.0% | 9.8% | 8.4% | 7.9% | 7.1% |
| Retailing | 3.5% | 4.3% | 5.1% | 5.6% | 5.2% | 5.8% |
| Consumer Durables | 7.7% | 5.3% | 5.1% | 5.1% | 4.6% | 4.6% |
| IT - Software | 3.5% | 7.6% | 4.9% | 4.4% | 4.3% | 4.4% |
| Healthcare Services | 3.6% | 3.2% | 3.3% | 3.0% | 4.1% | 4.3% |
| Beverages | 6.4% | 4.8% | 4.1% | 4.1% | 4.2% | 4.0% |
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 2024
1.2%
▼ 0.1 pts vs Dec 2023
- Cash alone
- 1.2%
- cash and net receivables
- A year earlier
- 2.5%
- Jan 2023 · now ▼ 1.3 pts
- Last 12 months
- 1.2% – 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.