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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
₹41,727 Cr
down ₹397 Cr vs Dec 2025
Nippon India Growth Mid Cap Fund is an active equity fund in the Mid Cap category from Nippon India Mutual Fund. In January 2026 it disclosed 99 stocks worth ₹41,727 Cr, down ₹397 Cr from Dec 2025. Its largest positions were BSE Limited (3.4%), The Federal Bank Limited (2.8%), Fortis Healthcare Limited (2.8%); the ten largest together made up 24.3% of the portfolio, and Banks was the biggest sector at 10.0% of its equity. Cash and debt stood at 1.0%. Compared with Dec 2025 the fund entered 2 new stocks and exited 0.
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
3%
Holds more cash than 3% of peers
What these mean: concentration · cash
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| BSE Limited | 3.42% | up 0.23 pts | ₹1,426 Cr | up ₹84 Cr | Added |
| The Federal Bank Limited | 2.83% | up 0.23 pts | ₹1,180 Cr | up ₹84.7 Cr | Added |
| Fortis Healthcare Limited | 2.76% | down 0.08 pts | ₹1,153 Cr | down ₹44 Cr | Trimmed |
| AU Small Finance Bank Limited | 2.59% | down 0.01 pts | ₹1,081 Cr | down ₹13.4 Cr | Trimmed |
| Persistent Systems Limited | 2.38% | down 0.07 pts | ₹992 Cr | down ₹39 Cr | Trimmed |
| Voltas Limited | 2.20% | down 0.03 pts | ₹918 Cr | down ₹23 Cr | Trimmed |
| Ashok Leyland Limited | 2.12% | down 0.08 pts | ₹885 Cr | down ₹43.9 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.12% | down 0.18 pts | ₹883 Cr | down ₹84.6 Cr | Trimmed |
| Max Financial Services Limited | 1.97% | down 0.05 pts | ₹823 Cr | down ₹29.7 Cr | Trimmed |
| Power Finance Corporation Limited | 1.92% | up 0.18 pts | ₹801 Cr | up ₹69.1 Cr | Added |
| Indus Towers Limited | 1.92% | up 0.13 pts | ₹800 Cr | up ₹46 Cr | Added |
| Bharat Forge Limited | 1.88% | down 0.02 pts | ₹785 Cr | down ₹15.8 Cr | Trimmed |
| Indian Bank | 1.75% | up 0.16 pts | ₹729 Cr | up ₹59.6 Cr | Added |
| Varun Beverages Limited | 1.66% | up 0.06 pts | ₹693 Cr | up ₹16.7 Cr | Added |
| Alkem Laboratories Limited | 1.58% | up 0.06 pts | ₹661 Cr | up ₹19.9 Cr | Added |
| NTPC Green Energy Limited | 1.51% | down 0.03 pts | ₹632 Cr | down ₹17.9 Cr | Trimmed |
| One 97 Communications Limited | 1.50% | down 0.20 pts | ₹626 Cr | down ₹88.8 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.49% | up 0.06 pts | ₹621 Cr | up ₹18.8 Cr | Added |
| APL Apollo Tubes Limited | 1.47% | up 0.11 pts | ₹614 Cr | up ₹39.5 Cr | Added |
| Max Healthcare Institute Limited | 1.44% | down 0.12 pts | ₹603 Cr | down ₹55.6 Cr | Trimmed |
| Samvardhana Motherson International Limited | 1.41% | down 0.07 pts | ₹587 Cr | down ₹36.6 Cr | Trimmed |
| Tube Investments of India Limited | 1.40% | down 0.02 pts | ₹584 Cr | down ₹14.9 Cr | Trimmed |
| Lupin Limited | 1.32% | up 0.04 pts | ₹549 Cr | up ₹11.1 Cr | Added |
| Info Edge (India) Limited | 1.31% | down 0.08 pts | ₹547 Cr | down ₹36.9 Cr | Trimmed |
| Prestige Estates Projects Limited | 1.31% | down 0.11 pts | ₹545 Cr | down ₹49.7 Cr | Trimmed |
| Cummins India Limited | 1.28% | down 0.09 pts | ₹535 Cr | down ₹41.8 Cr | Trimmed |
| Eternal Limited | 1.25% | down 0.01 pts | ₹520 Cr | down ₹8.5 Cr | Trimmed |
| Gland Pharma Limited | 1.24% | up 0.09 pts | ₹517 Cr | up ₹34.9 Cr | Added |
| Sundaram Finance Limited | 1.23% | up 0.20 pts | ₹512 Cr | up ₹80.6 Cr | Added |
| ZF Commercial Vehicle Control Systems India Limited | 1.22% | up 0.08 pts | ₹510 Cr | up ₹29.7 Cr | Added |
| HDB Financial Services Limited | 1.20% | down 0.09 pts | ₹499 Cr | down ₹41 Cr | Trimmed |
| NTPC Limited | 1.19% | up 0.10 pts | ₹498 Cr | up ₹37 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.17% | down 0.04 pts | ₹490 Cr | down ₹20.3 Cr | Trimmed |
| Torrent Power Limited | 1.17% | up 0.08 pts | ₹487 Cr | up ₹28.4 Cr | Added |
| Bharat Heavy Electricals Limited | 1.16% | down 0.08 pts | ₹483 Cr | down ₹39.9 Cr | Trimmed |
| Dixon Technologies (India) Limited | 1.13% | down 0.17 pts | ₹470 Cr | down ₹74.5 Cr | Trimmed |
| IPCA Laboratories Limited | 1.09% | up 0.05 pts | ₹456 Cr | up ₹16.1 Cr | Added |
| Bharat Electronics Limited | 1.08% | up 0.13 pts | ₹449 Cr | up ₹49.4 Cr | Added |
| Vishal Mega Mart Limited | 1.05% | down 0.08 pts | ₹440 Cr | down ₹36.4 Cr | Trimmed |
| Cash, TREPS & receivables | 1.04% | down 1.20 pts | ₹435 Cr | down ₹510 Cr | Trimmed |
| Supreme Industries Limited | 1.03% | up 0.06 pts | ₹429 Cr | up ₹19.5 Cr | Added |
| NLC India Limited | 1.00% | up 0.04 pts | ₹417 Cr | up ₹14.3 Cr | Added |
| The Indian Hotels Company Limited | 0.97% | down 0.08 pts | ₹404 Cr | down ₹38.8 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 0.96% | down 0.10 pts | ₹399 Cr | down ₹46.5 Cr | Trimmed |
| Union Bank of India | 0.95% | up 0.15 pts | ₹398 Cr | up ₹59.4 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 0.94% | down 0.06 pts | ₹394 Cr | down ₹28.8 Cr | Trimmed |
| Dalmia Bharat Limited | 0.89% | down 0.02 pts | ₹372 Cr | down ₹11.8 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 0.88% | down 0.14 pts | ₹367 Cr | down ₹61.9 Cr | Trimmed |
| ICICI Bank Limited | 0.88% | up 0.88 pts | ₹366 Cr | up ₹366 Cr | New |
| HDFC Asset Management Company Limited | 0.88% | down 0.05 pts | ₹365 Cr | down ₹22.7 Cr | Trimmed |
What changed, Dec 2025 to Jan 2026
New New positions (2)
- ICICI Bank Limited0.9% · ₹366 Cr
- Swiggy Limited0.5% · ₹217 Cr
Exited Exited (0)
None.
Added Biggest additions
- The Federal Bank Limitedup ₹84.7 Cr (+0.23% pts)
- BSE Limitedup ₹84 Cr (+0.23% pts)
- Sundaram Finance Limitedup ₹80.6 Cr (+0.20% pts)
- Power Finance Corporation 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 Dec 2025, the weight rose most in Banks (+1.4 pts) and Pharmaceuticals & Biotechnology (+0.2 pts), and fell most in Leisure Services (−0.4 pts) and Consumer Durables (−0.3 pts).
- Banks8.6% → 10.0%+1.4 pts
- Pharmaceuticals & Biotechnology6.7% → 6.9%+0.2 pts
- Aerospace & Defense1.9% → 2.1%+0.2 pts
- Retailing5.7% → 5.9%+0.2 pts
- Capital Markets5.5% → 5.7%+0.2 pts
- Industrial Products7.3% → 7.5%+0.1 pts
- Leisure Services3.5% → 3.1%−0.4 pts
- Consumer Durables5.6% → 5.3%−0.3 pts
- Healthcare Services4.5% → 4.3%−0.3 pts
- Financial Technology (fintech)1.7% → 1.5%−0.2 pts
- Auto Components6.8% → 6.6%−0.2 pts
- Petroleum Products1.0% → 0.9%−0.2 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 2023 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|---|
| Banks | 9.0% | 6.0% | 7.2% | 8.3% | 8.6% | 10.0% |
| Finance | 12.0% | 8.1% | 8.2% | 8.3% | 8.4% | 8.4% |
| Industrial Products | 4.8% | 8.1% | 7.2% | 7.3% | 7.3% | 7.5% |
| Pharmaceuticals & Biotechnology | 8.2% | 6.9% | 6.8% | 6.2% | 6.7% | 6.9% |
| Auto Components | 2.7% | 7.2% | 6.6% | 6.6% | 6.8% | 6.6% |
| Retailing | 4.3% | 6.1% | 6.3% | 6.1% | 5.7% | 5.9% |
| Capital Markets | 1.8% | 4.5% | 5.8% | 5.4% | 5.5% | 5.7% |
| Consumer Durables | 5.3% | 5.6% | 6.0% | 6.4% | 5.6% | 5.3% |
| Power | 2.5% | 4.7% | 4.6% | 4.6% | 4.8% | 4.9% |
| Healthcare Services | 3.2% | 4.6% | 5.1% | 5.2% | 4.5% | 4.3% |
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 2026
1.0%
▼ 1.2 pts vs Dec 2025
- Cash alone
- 1.0%
- cash and net receivables
- A year earlier
- 0.6%
- Jan 2025 · now ▲ 0.4 pts
- Last 12 months
- 0.6% – 3.1%
- 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.