Do you think it is possible to become a crorepati by investing just Rs 1,000 per month in SIP? The answer is – yes. If you had started an SIP of Rs 1,000 every month in this mid-cap fund of Nippon India in October 1995, today your investment would have been more than Rs 2.25 crore. This astonishing figure is a true example of wealth creation through long-term and the right fund combination. For nearly three decades, the Nippon India Growth Mid Cap Fund, previously known as the Nippon India Growth Fund, has consistently delivered strong returns despite the ups and downs – and that is what makes it special.
Rs 2.25 crore fund made from a SIP of Rs 1,000
Nippon India Growth Mid Cap Fund was started in October 1995. From then till today, if an investor had made a SIP of Rs 1,000 every month in this fund, his investment would have now grown to over Rs 2.25 crore. This return has been made possible by an annualised SIP return of 22.77%. The fund has delivered a CAGR of 22.33% on lump sum investment since its launch nearly 30 years back.
This fund is the oldest equity fund of Nippon India Mutual Fund and is among the select mid-cap funds in India with a long-track record.
Nippon India Growth Mid Cap Fund profile
Launch Date: 8 October 1995
Fund Type: Open-ended mid-cap equity fund
Asset Size (as on 30 June 2025): Rs 39,066 crore
Expense Ratio (as on 31 July 2025): 1.55%
Benchmark: Nifty Midcap 150 TRI
Risk Level: Very High
This fund is designed for long-term capital appreciation and has consistently performed well.
Nippon India Growth Mid Cap Fund returns over different periods
Over 3 years: 25.45% CAGR
Over 5 years: 30.62% CAGR
Over 10 years: 16.81% CAGR
Over 20 years: 17.76% CAGR
Since its launch (October 1995): 22.33% CAGR
Investment strategy of the fund
Nippon India Growth Mid Cap Fund invests in companies that have strong growth prospects in the long term. Most of the investment is made in equity shares of mid-cap companies, while some exposure is also made in debt and money market instruments so that the portfolio remains balanced.
Nippon India Growth Mid Cap Fund’s exposure
The highest investment is in the financial sector, about 24.69%. 17.47% has been invested in the consumer discretionary sector and 17.03% in industrials. There is also diversification across sectors such as healthcare, technology, energy, and materials.
Nippon India Growth Mid Cap Fund top holdings
BSE Ltd – 3.62%
Cholamandalam Financial – 2.96%
Fortis Healthcare – 2.75%
Persistent Systems – 2.54%
AU Small Finance Bank – 2.41%
What is the lesson for investors?
The success of this fund teaches an important lesson — even small SIPs can create huge wealth, provided the investment is given time. It doesn’t take magic to turn a modest SIP of Rs 1,000 into crores, but the right funds and long-term thinking are needed.
Such mid-cap funds are suitable for investors who have the patience to withstand market volatility and want to invest for the long term.
Nippon India Growth Mid Cap Fund has established itself as a reliable and growth-oriented fund in its nearly 30-year journey. Its consistent high return potential, balanced portfolio and research-based approach make it a strong choice for long-term wealth creation. Small investments, if continued over a long period of time, can make big dreams come true – that is the biggest lesson of this fund. That said, past performance is not indicative of future results. Investors should consult a SEBI-registered mutual fund advisor before making any investment decisions.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.