Can a small SIP of just Rs 2,000 a month really grow into Rs 5 crore? At first glance, the obvious reaction is: highly unlikely. But Nippon India Growth Mid Cap Fund has actually made this possible.
Over the last 30 years, the fund has delivered more than 22.5% CAGR, turning small monthly contributions into a multi-crore corpus. If an investor had started a Rs 2,000 SIP at the time of the fund’s launch, the total invested amount would have been just Rs 7.2 lakh. But thanks to compounding and consistent long-term performance, the SIP value today would be over Rs 5 crore.
This journey highlights how the right fund, patience, and disciplined investing can work wonders over long periods. For new investors, the Nippon India Growth Mid Cap Fund shows that even a modest SIP can create significant wealth when given enough time.
Nippon India Growth Mid Cap Fund details:
Launch date: October 8, 1995
Total AUM: Rs 41,268 crore (as of October 31, 2025)
Expense ratio (Regular plan): 1.54% (as of November 30, 2025)
Expense ratio (Direct plan): 0.74% (as of November 31, 2025)
Standard deviation: 15.48%
Beta: 0.93
Sharpe ratio: 1.17
Portfolio turnover: 0.06
Exit load: 1% if redeemed within 1 month of allocation
NAV: Rs 4,216.35 (as of December 3, 2025)
Nippon India Growth Mid Cap Fund SIP performance
SIP return over 30 years: 22.63% CAGR
Monthly SIP amount: Rs 2,000
Total investment in 30 years: Rs 7,20,000
Value after 30 years: Rs 5,37,25,176 (Rs 5.37 crore)
(Source: Fact sheet)
Nippon India Growth Mid Cap Fund lump sum performance
Return since launch: 22.28% CAGR
One-time investment: Rs 10,000
Value today: Rs 42,50,030
(Source: Fact sheet)
Nippon India Growth Mid Cap Fund top 5 holdings
Fortis Healthcare: 3.36%
BSE: 3.06%
Cholamandalam Financial Holdings: 2.47%
AU SFB: 2.45%
Persistent Systems: 2.36%
Nippon India Growth Mid Cap Fund’s key sector allocations
Auto components: 8.21%
Banks: 8.11%
Finance: 8.05%
Consumer durables: 6.23%
Pharmaceuticals & biotechnology: 6.04%
Fund investment strategy
Nippon India Growth Fund (Mid Cap) invests in mid-cap companies that have a strong track record and good growth potential. The fund manager focuses on identifying companies that could become market leaders in the future, aiming to deliver returns that beat the benchmark over the long term.
Who should invest in this fund?
Being a mid-cap equity fund, it comes with market risk. Mid-cap stocks may take time to deliver higher returns, so this fund is suitable for investors who can take high risk for high returns and are willing to hold their investment for at least 5 years or more.
(Disclaimer: This article is for informational purposes only and is not an investment recommendation. Any investment decision should be made after gathering complete information and consulting a financial advisor.)
Note: This content has been translated using AI. It has also been reviewed by FE Editors for accuracy.