Nippon India Growth mutual fund review: Scheme has beaten index, peers over the past year

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.

BASIC FACTS
DATE OF LAUNCH
10 AUGUST 1995
CATEGORY
EQUITY
TYPE
MID CAP
AUM*
Rs.11,268 Crore
BENCHMARK
NIFTY MIDCAP 150
TOTAL RETURN INDEX





WHAT IT COSTS
NAV**
BONUS
Rs.330.10
GROWTH OPTION
Rs.1,982.96
NAV**
BONUS
Rs.330.10
IDCW
Rs.73.29
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO*** (%)
1.89
EXIT LOAD
0.1% for redemption
within 30 days

*AS ON 30 JUNE 2022
**AS ON 26 JULY 2022
***AS ON 30 JUNE 2022



FUND MANAGER
MANISH GUNWANI
TENURE: 4 YEARS, 8 MONTHS


Recent portfolio changes
New Entrants: Endurance Technologies, , M&M, MRF, , , Campus Activewear, LIC, Prudent Corporate Advisory Services, , , Zomato, , .
Complete Exits: Exide Industries, , , , Infosys, , , , Coforge, L&T Technology Services.

Should you buy?
Earlier run as a market cap agnostic fund, this fund shifted to the mid-cap mandate in 2018, preceded by a change in fund manager a year earlier. This sparked a realignment in its approach, with the fund manager ushering more diversification in the portfolio. The emphasis is on keeping risk contained with modest positions—the top 10 stocks account for less than 30% of the entire portfolio. The fund maintains sizeable presence in both large- and small-cap stocks apart from its mid-cap focus. The transition initially sparked a pick up in fund’s return profile followed by a brief lull, but is finding its footing again. The presence of a proven fund manager at its helm provides comfort for the long term.

(Source: Value Research)