Groww Nifty Midcap 150 Index Fund vs Nippon India Growth Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Nifty Midcap 150 Index Fund is an Index fund and Nippon India Growth Mid Cap Fund is a Mid Cap fund. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and Nippon India Growth Mid Cap Fund 0.80% (Direct plans). Their portfolios overlap 45.7%: they hold 63 of the same securities.
Groww Nifty Midcap 150 Index Fund
Index
- Expense ratio
- 0.54%
- NAV
- ₹9.42
Nippon India Growth Mid Cap Fund
Mid Cap
- Expense ratio
- 0.80%
- NAV
- ₹178.86
Which is better, Groww Nifty Midcap 150 Index or Nippon India Growth Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty Midcap 150 Index costs less: 0.54% a year against 0.80% (Direct plans).
- Groww Nifty Midcap 150 Index fell less in its worst fall since 17-11-2025: −14.0% against −19.0%.
- Nippon India Growth Mid Cap holds more in large companies: 21.5% of the fund in large caps against 5.7%.
- Nippon India Growth Mid Cap is the larger fund: ₹50,176 Cr against ₹15 Cr.
- Their portfolios overlap 45.7%: 63 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Groww Nifty Midcap 150 Index Fund | Nippon India Growth Mid Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹15 Cr (30-09-2026) | ₹50,176 Cr (30-09-2026) |
| NAV | ₹9.42 (Direct) | ₹178.86 (Direct) |
| Expense ratio (Direct) | 0.54% | 0.80% |
| Expense ratio (Regular) | 1.18% | 1.56% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Next 50 TRI | Nifty Midcap 150 TRI |
| Launch date | 13-11-2025 | 08-10-1995 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Rupesh Patel FM 1 |
| Exit load | Nil | 1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter. |
Groww Nifty Midcap 150 Index vs Nippon India Growth Mid Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Groww Nifty Midcap 150 Index Fund (Direct) | −3.72% | −8.68% | −4.31% | -- | -- | -- | -- |
| Nippon India Growth Mid Cap Fund (Direct) | −3.37% | −7.25% | −2.86% | −8.89% | +8.47% | +9.29% | +8.19% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Groww Nifty Midcap 150 Index vs Nippon India Growth Mid Cap: Year-wise Returns
| Year | Groww Nifty Midcap 150 IndexGroww Nifty Midcap 150 Index | Nippon India Growth Mid CapNippon India Growth Mid Cap |
|---|---|---|
| 2026to date | −5.47% | −7.94% |
| 2025 | -- | −3.20% |
| 2024 | -- | +20.39% |
| 2023 | -- | +43.11% |
| 2022 | -- | +2.20% |
| 2021 | -- | +40.41% |
Groww Nifty Midcap 150 Index vs Nippon India Growth Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of Groww Nifty Midcap 150 Index Fund
Groww Nifty Midcap 150 Index vs Nippon India Growth Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Midcap 150 Index Fund (Direct) | Nippon India Growth Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.67% | +8.87% |
| Standard deviation | 16.87% | 18.74% |
| Sharpe ratio | -0.71 | 0.15 |
| Sortino ratio | -0.94 | 0.19 |
| Maximum drawdown | −14.0% (31-03-2026) | −53.5% (03-04-2020) |
| Beta | 0.90 | -- |
| Alpha | −4.69% | -- |
From daily NAVs, 17-11-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Groww Nifty Midcap 150 Index Fund (Direct)
Nippon India Growth Mid Cap Fund (Direct)
Nifty Next 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty Midcap 150 Index Fund (Direct) | −14.0% | 07-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −10.7% |
| Nippon India Growth Mid Cap Fund (Direct) | −19.0% | 11-02-2026 | 31-03-2026 | Not yet | -- | −11.1% |
| Nifty Next 50 TRI | −14.4% | 26-02-2026 | 30-03-2026 | 21-04-2026 | 22 days | −9.3% |
From daily values since 17-11-2025, the first day every fund has.
Groww Nifty Midcap 150 Index vs Nippon India Growth Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Midcap 150 Index Fund, September 2026; Nippon India Growth Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 45.7%
- Held by both
- 63
- Only in Groww Nifty Midcap 150 Index
- 87
- Only in Nippon India Growth Mid Cap
- 37
| Security | % of Groww Nifty Midcap 150 Index | % of Nippon India Growth Mid Cap |
|---|---|---|
| Multi Commodity Exchange of India Ltd. | 2.08% | 3.22% |
| The Federal Bank Limited | 1.94% | 2.59% |
| One 97 Communications Limited | 1.78% | 2.04% |
| AU Small Finance Bank Limited | 1.45% | 2.84% |
| PERSISTENT SYSTEMS LTD | 1.42% | 1.73% |
| Bharat Heavy Electricals Limited | 1.49% | 1.41% |
| Bharat Forge Limited | 1.32% | 1.96% |
| GE Vernova T&D India Limited | 1.28% | 2.01% |
| The Indian Hotels Company Limited | 1.58% | 1.27% |
| Indus Towers Limited | 1.19% | 1.34% |
| Info Edge (India) Limited | 1.17% | 2.55% |
| Dixon Technologies (India) Limited | 1.34% | 1.10% |
| Ashok Leyland Limited | 1.09% | 1.14% |
| FSN E-Commerce Ventures Limited | 1.08% | 1.07% |
| Fortis Healthcare Limited | 0.99% | 2.53% |
| APL Apollo Tubes Limited | 0.98% | 1.27% |
| ICICI Lombard General Insurance Company | 0.96% | 2.06% |
| REC Limited | 0.92% | 2.12% |
| Max Financial Services Limited | 0.90% | 1.34% |
| Lupin Limited | 1.22% | 0.89% |
| Radico Khaitan Limited | 0.84% | 0.95% |
| SWIGGY LIMITED | 0.93% | 0.80% |
| Alkem Laboratories Limited | 0.77% | 1.27% |
| Sundaram Finance Limited | 0.74% | 0.84% |
| Shree Cement Limited | 0.74% | 1.20% |
| Indian Bank | 0.70% | 1.05% |
| Mankind Pharma Limited | 0.70% | 1.95% |
| Vishal Mega Mart Limited | 0.70% | 0.70% |
| IPCA Laboratories Limited | 0.66% | 1.19% |
| TUBE INVESTMENTS OF INDIA LTD | 0.63% | 1.26% |
| Prestige Estates Projects Limited | 0.62% | 1.10% |
| Voltas Limited | 0.60% | 1.47% |
| Torrent Power Limited | 0.58% | 0.87% |
| Page Industries Limited | 0.56% | 0.70% |
| Supreme Industries Limited | 0.55% | 0.96% |
| Mahindra & Mahindra Financial Serv Ltd. | 0.53% | 0.68% |
| MphasiS Limited | 0.70% | 0.50% |
| Piramal Finance Ltd | 0.66% | 0.50% |
| Hindustan Petroleum Corporation Limited | 0.83% | 0.49% |
| BLUE STAR LTD | 0.49% | 0.55% |
| Colgate Palmolive (India) Limited | 0.57% | 0.46% |
| Gujarat Fluorochemicals Limited | 0.46% | 0.53% |
| ITC Hotels Limited | 0.45% | 0.54% |
| Jubilant Foodworks Limited | 0.44% | 1.02% |
| LG Electronics India Limited | 0.43% | 0.60% |
| Coromandel International Limited | 0.52% | 0.42% |
| Balkrishna Industries Limited | 0.42% | 0.82% |
| Astral Limited | 0.41% | 0.55% |
| Schaeffler India Ltd | 0.39% | 0.70% |
| Container Corporation of India Limited | 0.38% | 0.47% |
| Bank of India | 0.39% | 0.38% |
| NMDC Limited | 0.65% | 0.34% |
| Dalmia Bharat Limited | 0.33% | 0.58% |
| HDB Financial Services Limited | 0.33% | 0.87% |
| JK Cement Limited | 0.52% | 0.31% |
| APAR INDUSTRIES LTD | 0.80% | 0.30% |
| GlaxoSmithKline Pharmaceuticals Ltd | 0.28% | 0.31% |
| Neyveli Lignite Corporation Ltd. | 0.24% | 0.93% |
| Endurance Technologies Limited | 0.23% | 0.69% |
| Bajaj Housing Finance Ltd | 0.22% | 0.31% |
| NTPC Green Energy Limited | 0.21% | 1.45% |
| United Breweries Limited | 0.21% | 0.57% |
| Tata Communications Limited | 0.48% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.7% means 45.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Groww Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 1.90% |
| Hero MotoCorp Limited | 1.68% |
| Coforge Limited | 1.50% |
| IndusInd Bank Limited | 1.47% |
| IDFC First Bank Limited | 1.33% |
Largest holdings only in Nippon India Growth Mid Cap Fund
| Security | % of fund |
|---|---|
| Eternal Limited | 2.42% |
| BSE Limited | 2.40% |
| Varun Beverages Limited | 1.94% |
| Samvardhana Motherson International Limited | 1.69% |
| Gland Pharma Limited | 1.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Midcap 150 Index | Nippon India Growth Mid Cap |
|---|---|---|
| Equity | 99.1% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 1.0% |
Market cap of stocks
| Market cap | Groww Nifty Midcap 150 Index | Nippon India Growth Mid Cap |
|---|---|---|
| Large Cap | 5.7% | 21.5% |
| Mid Cap | 90.9% | 65.9% |
| Small Cap | 2.5% | 11.5% |
| Not on AMFI's list | 0.0% | 0.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Groww Nifty Midcap 150 Index | Nippon India Growth Mid Cap |
|---|---|---|
| Banks | 8.7% | 10.0% |
| Pharmaceuticals & Biotechnology | 9.2% | 7.7% |
| Auto Components | 4.6% | 8.6% |
| Retailing | 5.6% | 8.4% |
| Finance | 6.8% | 8.0% |
| Capital Markets | 4.7% | 7.3% |
| Electrical Equipment | 6.0% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Midcap 150 Index vs Nippon India Growth Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Midcap 150 Index Fund | Nippon India Growth Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 0.80% |
| Base expense ratio (Direct) | 0.34% | 0.60% |
| Total expense ratio (Regular) | 1.18% | 1.56% |
| Base expense ratio (Regular) | 0.90% | 1.25% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Groww Nifty Midcap 150 Index Fund vs Nippon India Growth Mid Cap Fund: Frequently Asked Questions
What is the difference between Groww Nifty Midcap 150 Index Fund and Nippon India Growth Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund is an Index fund, Nippon India Growth Mid Cap Fund is a Mid Cap fund, run by Groww Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 45.7%. Groww Nifty Midcap 150 Index Fund charges 0.54% a year and Nippon India Growth Mid Cap Fund 0.80%.
Which has the lower expense ratio, Groww Nifty Midcap 150 Index Fund or Nippon India Growth Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund charges less: 0.54% a year against 0.80%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Nifty Midcap 150 Index Fund and Nippon India Growth Mid Cap Fund overlap?
45.7%. They hold 63 of the same securities, the largest shared ones being MCX, FEDERALBNK, PAYTM. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Midcap 150 Index Fund or Nippon India Growth Mid Cap Fund?
On SEBI's riskometer, Groww Nifty Midcap 150 Index Fund is rated Very High and Nippon India Growth Mid Cap Fund Very High. Over their common history, the standard deviation of daily returns was 16.87% and 18.74% a year.
Can I invest in both Groww Nifty Midcap 150 Index Fund and Nippon India Growth Mid Cap Fund?
Yes. 45.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Nifty Midcap 150 Index Fund and Nippon India Growth Mid Cap Fund?
Groww Nifty Midcap 150 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. Nippon India Growth Mid Cap Fund: Rupesh Patel FM 1.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.