Nippon India Growth Fund review: 31% returns in three years; should you invest in this mid-cap fund? The emphasis is on identifying growth businesses that are potential market leaders at an early stage, but without overpaying. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.NIPPON INDIA GROWTH FUND
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DATE OF LAUNCH
8 OCTOBER 1995
CATEGORY
EQUITY
TYPE
MID CAP
AUM*
Rs.27,931 crore
BENCHMARK
NIFTY MIDCAP 150
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.3,879.74
BONUS
Rs.645.86
IDCW
Rs.122.21
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNTRs.100
EXPENSE RATIO# (%)
1.62
EXIT LOAD
1% for redemption within 30 days
*AS ON 31 MAY 2024
**AS ON 18 JUNE 2024
#AS ON 31 MAY 2024
FUND MANAGER
RUPESH PATEL
1 YEAR, 4 MONTHS
Recent portfolio changes
New entrants
Restaurant Brands Asia (April).APL Apollo Tubes (May)
Complete exits
Coforge (May).
Should You Buy?
This fund adopted the mid-cap mandate in 2018, shifting away from its previous market-cap agnostic approach. The emphasis is on identifying growth businesses that are potential market leaders at an early stage, but without overpaying. The fund keeps risks contained with heavy diversification and modest positions even in its top bets. It maintains a sizeable presence in both large caps and small caps, apart from its mid-cap focus. The fund has seen a dip in its return profile this year after a strong showing in the past three years. While its long-term track record is erratic, the fund’s improved trajectory in recent years needs to be sustained to be a top pick in this segment.
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This story originally appeared on: India Times - Author:Faqs of Insurances
