Nippon India Growth Fund Direct Growth

Nippon India Growth Fund is a Mid-cap Mutual Fund, which means it primarily invests in mid-sized companies. As per SEBI, mid-cap companies are those that rank between 101st and 250th on the stock exchange. The fund tracks the Nifty Midcap 150 TRI as its benchmark, helping it evaluate performance against a broader basket of mid-cap stocks.

Nippon's investment approach is built on a 2-step framework. It begins with ‘bottom-up research’, involving a deep dive into macro-economic trends to identify promising sectors and stocks. This is followed by the ‘Must 5 Quality Framework’, which assesses stock quality by examining five key factors: whether the company is growing its profits, becoming more efficient, operating in a strong demand environment, improving its profit margins, and using debt wisely.

Currently, the fund's portfolio comprises 12.6% small-cap stocks, 19.52% large-cap stocks, and 65.22% mid-cap stocks.

With an AUM of ₹36836.0 crores, Nippon India Growth Fund Direct Growth generated a return of 6.2% in 1 year, 32.2% in 3 years, 34.1% in 5 years. while its benchmark index (Nifty Midcap 150) generated 2.6% in 1 year, 29.8% in 3 years, and 31.2% in 5 years.