Investment Objective and Approach

The Nippon India Growth Mid Cap Fund focuses on investing in mid-cap companies with strong growth potential. The fund aims to generate long-term capital appreciation by investing in a diversified portfolio of mid-cap stocks that demonstrate sustainable business models and growth prospects.

The fund follows a growth-oriented investment approach, targeting companies in the mid-cap segment that have the potential to become large-cap companies in the future. The investment strategy emphasizes:

- Identifying companies with strong fundamentals and growth visibility

- Focus on businesses with sustainable competitive advantages

- Emphasis on quality management and corporate governance

- Diversification across sectors to minimize concentration risk

- Active portfolio management to capitalize on market opportunities

Fund Manager

Manish Gunwani is the Current Fund Manager of Nippon India Growth Mid Cap Fund Direct Growth fund. Mr. Gunwani is currently the CIO of Equity Investments at Nippon India Mutual Fund. He is an alumnus of IIT Chennai, where he completed his B.Tech and also has a PGD in Management from IIM Bangalore. With over 21 years of experience in work and research, mostly in Equity and Fund management, Mr. Gunwani has added a new edge of dynamism at NIMF.

Key highlights of Manish Gunwani's professional background:

- Before joining Nippon India, he managed two flagship funds at ICICI Prudential AMC. During his stint there, one of his managed funds rose to record levels- from half a billion to $3 billion.

- Mr. Gunwani is a specialist in Small and Medium Caps, and has also worked before at a portfolio management facility.

- He is an eminent name in equity research and is well-traveled, attending seminars and conferences around the world.

About the Fund House (AMC)

Nippon India Asset Management Limited (formerly Reliance Mutual Fund) is one of India's leading mutual fund companies. Nippon India Mutual Fund is one of India's leading mutual funds, with Average Assets Under Management (AAUM) of Rs 2,79,431 Crores​​. NIMF has been established as a trust under the Indian Trusts Act, 1882 with Nippon Life Insurance Company as its Sponsor and Nippon Life India Trustee Ltd as its Trustee.

Key features of the fund house:

- Strong Japanese heritage with Nippon Life Insurance Company as sponsor

- Comprehensive range of mutual fund products across equity, debt, and hybrid categories

- Experienced fund management team with proven track record

- Robust research capabilities and investment processes

- Focus on delivering long-term value to investors through disciplined investment approach

The fund house operates under strict regulatory compliance and follows transparent investment practices to protect investor interests.

Should I Invest in Nippon India Growth Mid Cap Fund?

This fund may be suitable for investors who:

Ideal For:

- Investors with moderate to high risk appetite

- Those seeking long-term capital appreciation over 5+ years

- Investors looking for exposure to mid-cap growth opportunities

- Those wanting professional management of mid-cap investments

- Investors who can handle market volatility for potential higher returns

Key Considerations:

- The Nippon India Growth Mid Cap Fund Direct Growth is rated Very High risk.

- Mid-cap funds can be more volatile than large-cap funds

- Suitable for investors with investment horizon of at least 5-7 years

- Past performance does not guarantee future results

- Regular review of portfolio performance is recommended

Investment Minimums:

- The minimum investment required to start investing in Nippon India Growth Mid Cap Fund is ₹100 for the lump sum option and ₹100 for the SIP (Systematic Investment Plan) option.

Before investing, consider your financial goals, risk tolerance, and investment horizon. It's advisable to consult with a financial advisor to determine if this fund aligns with your investment objectives.

FAQs

What is today's NAV of Nippon India Growth Mid Cap Fund?

The latest declared NAV of Nippon India Growth Mid Cap Fund, is ₹4,167.5784 as of 24-Aug-2025. NAV is updated daily after market hours on all trading days.

What is the AUM of Nippon India Growth Mid Cap Fund?

The fund has substantial assets under management, reflecting investor confidence. The fund currently has an Asset Under Management(AUM) of ₹6,44,226 Cr and the Latest NAV as of 22 Aug 2025 is ₹4,569.04. (Note: This appears to be combined AUM data for multiple Nippon India funds)

What is the expense ratio of Nippon India Growth Mid Cap Fund?

The expense ratio covers fund management fees and operational expenses. For the latest expense ratio details, check the fund's official factsheet or consult with Allvest for current rates.

What are the returns of Nippon India Growth Mid Cap Fund since inception?

Over the past five years, Nippon India Growth Mid Cap Fund has delivered an annualised return of 28.81% as of 24-Aug-2025. Historical returns don't guarantee future performance.

What is the minimum SIP amount to invest in Nippon India Growth Mid Cap Fund?

The minimum investment required to start investing in Nippon India Growth Mid Cap Fund is ₹100 for the lump sum option and ₹100 for the SIP (Systematic Investment Plan) option.

How do I invest in Nippon India Growth Mid Cap Fund?

You can invest through Allvest's platform online, directly through the AMC's website, or through registered distributors. Allvest offers a seamless digital investment experience with easy documentation.

How to start a SIP in Nippon India Growth Mid Cap Fund?

Register with Allvest, complete your KYC, select the fund, choose SIP amount and frequency. Set up auto-debit mandate for hassle-free monthly investments through Allvest's platform.

How do I automate an SIP in Nippon India Growth Mid Cap Fund?

Through Allvest, set up an auto-debit mandate with your bank account. This ensures automatic monthly deductions for your SIP without manual intervention, making investing disciplined and convenient.

How can I withdraw/redeem my investment in Nippon India Growth Mid Cap Fund?

You can redeem your investment through Allvest's platform, AMC's website, or through your distributor. Redemption requests are typically processed within 1-3 business days with applicable exit loads and taxes.