Mirae Asset Midcap Fund vs Nippon India Growth Mid Cap Fund
Over the last 3 years, Nippon India Growth Mid Cap Fund returned 17.4% a year against 15.8% for Mirae Asset Midcap Fund (Direct plans). Nippon India Growth Mid Cap Fund was the more consistent: ahead of its index in 100% of rolling 3-year periods, against 8%. In falling months, Nippon India Growth Mid Cap Fund fell less: 87% of the index's fall, against 101%. They hold 29 stocks in common; the portfolio overlap is 29%. Data as of 12 Nov 2026.
| Mirae Asset Midcap Fund | Nippon India Growth Mid Cap Fund | |
|---|---|---|
| Category | Mid Cap | Mid Cap |
| Fund house | Mirae Asset Mutual Fund | Nippon India Mutual Fund |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Age | 7.3 years | 13.9 years |
| AUM on 30 Oct 2026 | ₹18,849 cr | ₹48,903 cr |
| Direct plan | ||
| Rating | B | B |
| Expense ratio | 0.96% | 0.79% |
| 1Y return | 4.0% | 5.3% |
| 3Y return (a year) | 15.8% | 17.4% |
| 5Y return (a year) | 13.8% | 16.6% |
| 3Y vs index | +0.9% | +2.5% |
| Rating score, rank | 55 · #13 of 28 | 46 · #19 of 28 |
| Regular plan | ||
| Rating | B | B |
| Expense ratio | 2.01% | 1.56% |
| 1Y return | 2.9% | 4.5% |
| 3Y return (a year) | 14.5% | 16.4% |
| 5Y return (a year) | 12.6% | 15.7% |
| 3Y vs index | -0.3% | +1.6% |
| Rating score, rank | 54 · #12 of 28 | 42 · #20 of 28 |
| Consistency, risk and portfolio | ||
| Ahead of index, rolling 3Y periods | 8% | 100% |
| Deepest fall, 3Y | -22.5% | -19.9% |
| Volatility, 3Y | 17.1% | 16.9% |
| Max fall, 5Y | -22.5% | -19.9% |
| Down capture, 3Y | 101 | 87 |
| Stocks held | 63 | 100 |
| Top 10 holdings | 32% | 26% |
| Large / mid / small caps | 12 / 68 / 16% | 22 / 66 / 12% |
| Largest sector | Pharmaceuticals & Biotechnology | Banks |
Common questions
Mirae Asset Midcap Fund or Nippon India Growth Mid Cap Fund: which is better?
On our track-record ratings (Direct plans), Mirae Asset Midcap Fund is rated B and Nippon India Growth Mid Cap Fund is rated B, each against its own category. Ratings describe the record so far and are not a forecast; which suits you depends on your goal and the funds you already hold.
Mirae Asset Midcap Fund or Nippon India Growth Mid Cap Fund: which has done better?
Over the last 3 years, Nippon India Growth Mid Cap Fund returned 17.4% a year against 15.8% for Mirae Asset Midcap Fund (Direct plans).
How much do Mirae Asset Midcap Fund and Nippon India Growth Mid Cap Fund overlap?
They hold 29 stocks in common; the portfolio overlap is 29%.
Should I hold both?
Two funds with a high overlap add little diversification. Check how they fit your goal and the rest of your portfolio; we can help.
More comparisons
Top-rated mid cap funds this month · All mid cap funds
Past performance does not guarantee future returns. This comparison is not a recommendation to buy or sell either fund.
Send us your CAS and get a written report: which of your funds to keep, which to exit and when, where new SIPs should go, and what each change costs in tax.