Nippon India Growth Fund - Direct Plan - Growth
Equity
Direct
Mid-Cap
NAV: ₹ 3331.1 as on 08-12-2023
Fund Performance
16906 people have invested ₹ 10.4Cr in Nippon India Growth Fund - Direct Plan - Growth in the last three months
Mutual Fund Insights
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 29.19% return, outperforming this fund by 3.85% per annum.
Over the last 6 months, this fund has experienced a 41.0% growth in AUM moving from 15.16K Cr to 21.38K Cr.
Over the last 3 months, this fund has decreased expense ratio by 23.5% moving from 1.15 to 0.88.
In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 36.83% return, outperforming this fund by 4.39% per annum.
In the last 1 year, Mahindra Manulife Mid Cap Fund Direct Growth has given 38.5% return, outperforming this fund by 0.24%.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.88% which is lower than the category average expense ratio of 1.21%.
INDmoney Rank of Nippon India Growth Fund - Direct Plan - Growth
Powered by IND quant engine
4
/19
90% Performance
47% Risk Management
52% Cost
4 out of 19 among mid-cap
Pros
Generated Consistent Returns
Outperformed benchmarks during bull run
Larger AUM within category
Cons
No bad points found for this fund.
About the Nippon India Growth Fund - Direct Plan - Growth
Nippon India Growth Fund - Direct Plan - Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Doshi, Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Growth Fund - Direct Plan - Growth has ₹21380 Cr worth of assets under management (AUM) as on Oct 2023 and is more than category average.
- The fund has an expense ratio 0.9.
Nippon India Growth Fund - Direct Plan - Growth Overview
 | 0.88% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹21380 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 59.02% |
Nippon India Growth Fund - Direct Plan - Growth Distribution as on (31-Oct-23)
Size breakup
Mid cap
67.7%
Large cap
17.2%
Small cap
12.1%
Sector Allocation
Financial Services
26.9%
Industrial
18%
Consumer Cyclical
16%
Health
10.5%
Basic Materials
9.2%
Tech
5.6%
Consumer Defensive
4.7%
Utilities
3.9%
Communication
2.8%
Real Estate
2.4%
Top Holdings of Nippon India Growth Fund - Direct Plan - Growth as on (30-Nov-23)
Equity Holdings92
Nippon India Growth Fund - Direct Plan - Growth: Monthly Changes Updates
All changes are between Aug'23 and Oct'23
Fund Performance
- This fund’s returns stands at -2.15% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -4.05% as on Oct'23
- This fund outperformed Nifty Midcap 150 by 1.90% in Oct'23
AUM Change
- AUM of the fund stands at 19.1K Cr as of Oct'23
- AUM decreased by 165.3 Cr between Oct'23 and Sep'23
Fund Portfolio Changes
Gainers & Losers in Nippon India Growth Fund - Direct Plan - Growth portfolio Returns for the month of Oct
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 43.5% |
 Angel One Ltd | 40.3% |
 Prestige Estates Projects Ltd | 23.9% |
Peer Analysis
Nippon India Growth Fund - Direct Plan - Growth Fund Manager
Sanjay Doshi
Fund Manager of Nippon India Growth Fund - Direct Plan - Growth, since 1 January 2023
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Growth Fund - Direct Plan - Growth, since 1 February 2019
Top funds managed
Nippon India Growth Fund - Direct Plan - Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.83% since inception which is more than its category average return of 18.41%
Fund Allocations
This fund has an allocation of 96.98% in Equity, 0% in Debt and 3.02% in Cash related instruments
AUM size ₹21380 Cr
This fund has AUM of ₹21380 Cr which is more than its category average of ₹ 6100 Cr
Expense Ratio 0.88%
This fund has an expense ratio of 0.88% which is less than its category average expense ratio of 1.42%
Frequently Asked Questions
The current NAV of Nippon India Growth Fund - Direct Plan - Growth is ₹3331.14 as on 08-Dec-2023.
Existing (Absolute + CAGR) as on 08-Dec-2023.
Nippon India Growth Fund - Direct Plan - Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 9.4% | 9.4% |
6 Month Returns | 31.27% | 31.27% |
1 Year Returns | 38.27% | 38.27% |
3 Years Returns | 132.34% | 32.45% |
5 Years Returns | 209.3% | 25.34% |
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0.88% as on November 2023
₹21380 Cr as on November 2023
Power Finance Corp Ltd(4.78%), Cholamandalam Financial Holdings Ltd(2.85%), Varun Beverages Ltd(2.64%), Supreme Industries Ltd(2.5%), AU Small Finance Bank Ltd(2.44%) as on November 2023
Financial Services(25.6%), Industrial(16.82%), Consumer Cyclical(16.39%) as on November 2023
The alpha ratio for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Growth Fund - Direct Plan - Growth | 2.98 | 3.93 | 3.07 |
As on November 2023
The alpha for Nippon India Growth Fund - Direct Plan - Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Growth Fund - Direct Plan - Growth | 0.95 | 0.9 | 0.92 |
As on November 2023
The Beta for Nippon India Growth Fund - Direct Plan - Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Growth Fund - Direct Plan - Growth | 1.74 | 1.68 | 0.91 |
As on November 2023
The sharpe ratio for Nippon India Growth Fund - Direct Plan - Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Growth Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Growth Fund - Direct Plan - Growth | 14.35 | 14.49 | 20.96 |
As on November 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 3.89 as on November 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.53 as on November 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Sanjay Doshi, Kinjal Desai are the fund managers of Nippon India Growth Fund - Direct Plan - Growth
The Exit load of Nippon India Growth Fund - Direct Plan - Growth is 1%