Motilal Oswal Midcap Fund vs Nippon India Growth Mid Cap Fund
Detailed stock-level portfolio comparison and mutual fund overlap analysis.
Real-World Rupee Impact: What 18.7% Overlap Means for Your Wealth
If you invest an equal ₹1,00,000 portfolio base across both schemes (₹50,000 in Motilal and ₹50,000 in Nippon):
The Portfolio Verdict: Should You Hold Both?
Motilal Oswal Midcap and Nippon India Growth exhibit modest overlap (~19%). Motilal Oswal maintains a focused, high-conviction strategy (30-35 stocks) targeting high ROCE compounders, whereas Nippon India Growth spreads exposure across 70-80 mid-market leaders. You generally do not need both in a lean portfolio—choose Motilal for concentrated conviction or Nippon for broad mid-cap representation.
How Is This 18.7% Overlap Calculated?
Rather than merely matching stock names, our quantitative engine measures the minimum common portfolio weight for every security intersecting across both statutory AMFI disclosures:
Worked Example with Multi Commodity Exchange of India Limited:
Motilal allocates 3.74% and Nippon allocates 3.22%. Your guaranteed common, duplicated exposure to Multi Commodity Exchange of India Limited is . Repeating this calculation across all 12 common stocks and summing their minimum common weights produces your exact 18.7% portfolio overlap.
4-Point Audit Checklist: Choosing Between These Two Funds
Category Mandate & Style
Overlap is moderate to low (18.7%). They can comfortably coexist in a portfolio if their market-cap orientation or investing styles (value vs growth) remain complementary.
Expense Ratio (Fee Drag)
Motilal charges 0.91% vs Nippon at 0.79%. Over 10–15 years, a 0.20%+ fee difference compounds into lakhs of rupees in net corpus disparity.
Sector & Single-Stock Concentration
Check the combined sector weights below. If both funds heavily tilt toward the same sector (e.g. Banking or Tech), your portfolio is taking on concentrated cyclical risk.
Portfolio Rebalancing Action
Both schemes can be retained if they fit your asset allocation, but ensure your overall portfolio stays capped at 4 to 6 total mutual funds.
Scheme Profile Comparison
| Metric | Motilal Oswal Midcap Fund | Nippon India Growth Mid Cap Fund |
|---|---|---|
| Fund House / AMC | Motilal Oswal Mutual Fund | Nippon India Mutual Fund |
| AMFI Direct Scheme Code | 127042 | 118668 |
| Total Equity Holdings | 30 stocks | 100 stocks |
| Expense Ratio (TER) | 0.91% | 0.79% |
| Disclosure Filing Date | Sep 30, 2026 | Sep 30, 2026 |
Top Overlapping Holdings
Companies held simultaneously by both schemes, ranked by cumulative portfolio overlap weight.
| Company Name | Sector | Weight in Motilal | Weight in Nippon | Overlap Exposuremin(WA, WB) |
|---|---|---|---|---|
Multi Commodity Exchange of India LimitedINE745G01043 | Capital Markets | 3.74% | 3.22% | 3.22% |
Eternal LimitedINE758T01015 | Retailing | 6.72% | 2.42% | 2.42% |
One 97 Communications LimitedINE982J01020 | Financial Technology (Fintech) | 8.64% | 2.04% | 2.04% |
BSE LimitedINE118H01025 | Capital Markets | 1.75% | 2.40% | 1.75% |
Persistent Systems LtdINE262H01021 | IT - Software | 4.43% | 1.73% | 1.73% |
Samvardhana Motherson International LimitedINE775A01035 | Auto Components | 2.26% | 1.69% | 1.69% |
Max Healthcare Institute LimitedINE027H01010 | Healthcare Services | 1.33% | 1.46% | 1.33% |
Tube Investments Of India LimitedINE974X01010 | Auto Components | 2.43% | 1.26% | 1.26% |
Looking for all 12 overlapping holdings?
This curated snapshot highlights the top 8 common stocks. Use our free, interactive Mutual Fund Overlap Calculator to inspect all common holdings, calculate your Effective Number of Stocks (ENS), and simulate custom rupee allocations (₹ or %).
Sector Allocation Breakdown
How both schemes allocate capital across key Indian economic sectors.
| Sector | Motilal (%) | Nippon (%) | Combined Weight (%) |
|---|---|---|---|
| Capital Markets | 11.6% | 7.3% | 18.9% |
| Finance | 10.1% | 8.0% | 18.2% |
| Retailing | 9.7% | 8.4% | 18.0% |
| Consumer Durables | 11.4% | 4.2% | 15.6% |
| Auto Components | 4.7% | 8.6% | 13.2% |
| Banks | 2.4% | 10.0% | 12.4% |
Frequently Asked Questions
What is the stock overlap between Motilal Oswal Midcap Fund and Nippon India Growth Mid Cap Fund?
Based on statutory AMFI monthly disclosures as of Sep 30, 2026, the portfolio overlap betweenMotilal Oswal Midcap Fund and Nippon India Growth Mid Cap Fund is 18.7%. They hold 12 stocks in common.
Can I invest in both Motilal Oswal Midcap Fund and Nippon India Growth Mid Cap Fund simultaneously?
Motilal Oswal Midcap and Nippon India Growth exhibit modest overlap (~19%). Motilal Oswal maintains a focused, high-conviction strategy (30-35 stocks) targeting high ROCE compounders, whereas Nippon India Growth spreads exposure across 70-80 mid-market leaders. You generally do not need both in a lean portfolio—choose Motilal for concentrated conviction or Nippon for broad mid-cap representation.
Which fund has a lower expense ratio?
Motilal Oswal Midcap Fund charges a Total Expense Ratio (TER) of 0.91% (Direct Plan), whileNippon India Growth Mid Cap Fund charges 0.79% (Direct Plan).Nippon India Growth Mid Cap Fund is currently more cost-effective by 0.12%.
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