Rating : ★ ★ ★ ☆ ☆
Nippon India Growth Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl
 ÂMid Cap Fund
Fund Type
Open Ended
Investment Plan
Dividend Reinvestment
Expense Ratio
1%
Asset Size
12449.52 Cr.
(As of 31 Jul, 2022)
Benchmark
S&P BSE Midcap TR INR
Riskometer
Investors understand that their principal will be at Very High Risk.
Objective
The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
 
Fund manager
Manish Gunwani
Exit load
1 %
(If redeemed within 365 days)Minimum sip
₹500
Minimum investment
₹100
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
Varun Beverages Ltd
4.56%
Cholamandalam Financial Holdings Ltd
3.54%
Max Financial Services Ltd
3.44%
AU Small Finance Bank Ltd
3.28%
Sector Allocation
About the Scheme Type
Mid cap funds invest only in mid cap companies – those with a market capitalization of INR 500 – INR 10000 Crores. Mid cap funds can be highly volatile and risky; hence, isn’t recommended for first-time investors as well as investors with low risk appetite. The ideal investment horizon for mid cap funds is 5 -7 years and does offer higher returns than both multi cap and large cap funds. However, the flip side to it is that during economic turmoil and crises, mid cap funds can fall down excessively. So, be careful while picking Mid cap funds.
Ratings
This fund is rated 3 stars by Morning Star Ratings.
★ ★ ★ ☆ ☆
Overview of Nippon India Mutual Fund
With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Nippon Life Asset Management Ltd is one of India's leading mutual funds. Reliance Nippon Life Asset Management Ltd is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Nippon Life Asset Management Ltd constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.
Vision statement of Reliance Nippon Life Asset Management Ltd - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.
Mission statement of Reliance Nippon Life Asset Management Ltd - To create and nurture a world-class, high performance environment aimed at delighting our customers.​
Main objectives of Reliance Nippon Life Asset Management Ltd are
- To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
- To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
- To take such steps as may be necessary from time to time to realise the effects without any limitation