Mid-cap fund Nippon India Growth Fund primarily invests in mid-cap shares. In order to construct long-term capital appreciation, the Nippon India Growth Fund invests in high-growth firms which have the potential to grow to be giant caps. The fund has been rated 3-star by Morningstar and 4-star by Value Research. The fund was launched on October 08, 1995 and therefore the fund has efficiently accomplished its 27 years of inception. Since inception the fund has given a CAGR of 22.29%, let’s examine now how the fund has turned a month-to-month SIP of ₹10,000 into ₹13 Cr in a span of 27 years.