4 Midcap Nippon India Mutual Fund Stocks to Watch for Future Multibagger Potential: Federal Bank, MCX, Dixon and Radico Khaitan
- October 29, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Federal Bank Rs 346. MCX Rs 3,180.60. Dixon Rs 11,400. Radico Khaitan Rs 4,135.10. Market caps from Rs 58,126 crore to Rs 82,902 crore. Data as of 28 Oct 2026.
Quick Answer
Federal Bank, MCX, Dixon and Radico Khaitan are the 4 picks in this Nippon India mutual fund stocks watchlist, with market caps between Rs 58,126 crore and Rs 82,902 crore. Federal Bank stands out for the lowest PE of the group at 15.39, while MCX offers the highest return on equity at 46.75%. PE ratios run from 15.39 to 82.61, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.
Nippon India mutual fund stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Federal Bank, MCX, Dixon and Radico Khaitan meet that test, with market caps from Rs 58,126 crore to Rs 82,902 crore and Federal Bank offering the lowest PE of the group at 15.39. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and Nippon India Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and Nippon India Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening Nippon India mutual fund stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Nippon India Mutual Fund Stocks and Why Do They Attract Multibagger Interest?
Nippon India mutual fund stocks are shares of mid sized companies in which Nippon India Mutual Fund or one of its schemes is named among the top domestic institutional holders in the latest shareholding pattern. The four here cover private banking, commodity exchange services, electronics manufacturing and spirits.
When a respected fund house like Nippon India Mutual Fund holds a large stake, it shows that its research teams have studied the business closely and backed it with investors money. For Nippon India mutual fund stocks, both FY26 and the latest quarter showed growth. For Nippon India mutual fund stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of Nippon India mutual fund stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for Nippon India mutual fund stocks before you decide.
Nippon India Mutual Fund Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 28 October 2026. Federal Bank has the lowest PE of the group at 15.39, while MCX posts the highest return on equity at 46.75%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Federal Bank | 346 | 82,902 | 15.39 | 11.94 | 12.60% | 2.01 | 211.52 to 371.70 |
| Multi Commodity Exchange of India | 3,180.60 | 82,353 | 53.41 | 42.17 | 46.75% | 28.92 | 1,762.10 to 3,481.40 |
| Dixon Technologies | 11,400 | 77,049 | 37.01 | 45.19 | 30.76% | 16.48 | 9,600.00 to 17,299.00 |
| Radico Khaitan | 4,135.10 | 58,126 | 82.61 | 54.95 | 18.23% | 17.53 | 2,500.00 to 4,747.00 |
Federal Bank: 22.90% Profit CAGR Since FY22
Federal Bank is a Kerala-based private sector bank with a strong NRI deposit base and a growing retail, small business and digital franchise. It reported FY26 total income of Rs 34,272.42 crore, up 7.00% year on year, and net profit of Rs 4,483.38 crore, up 6.71%. Net profit has compounded at 22.90% a year since FY22, while total income has grown 20.05% a year.
In the September 2026 quarter, total income rose 19.01% to Rs 9,903.41 crore and net profit grew 53.42% to Rs 1,564.06 crore. The share price has gained 259.57% over five years and 57.58% over the past year. Domestic institutions raised their holding from 48.17% in June 2025 to 49.28% in June 2026. The stock trades at a PE of 15.39 against an industry PE of 11.94, with a return on equity of 12.60%.
MCX: 74.55% Profit CAGR Since FY22
MCX is India’s leading commodity derivatives exchange, where gold, silver, crude oil, natural gas and base metals contracts are traded. It reported FY26 revenue of Rs 2,429.05 crore, up 100.94% year on year, and net profit of Rs 1,331.55 crore, up 137.76%. Net profit has compounded at 74.55% a year since FY22, while revenue has grown 53.87% a year. Operating margin was 76.83% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
The stock trades at a PE of 53.41 against an industry PE of 42.17, with a return on equity of 46.75%. In the June 2026 quarter, revenue rose 85.25% to Rs 751.79 crore and net profit grew 103.47% to Rs 413.44 crore. The share price has gained 720.06% over five years and 69.44% over the past year. Foreign investors raised their holding from 21.69% in June 2025 to 29.84% in June 2026.
Dixon: 71.44% Profit CAGR Since FY22
Dixon Technologies is an electronics manufacturing services company that makes televisions, phones, appliances and lighting for brands. It reported FY26 revenue of Rs 49,585.84 crore, up 27.53% year on year, and net profit of Rs 1,644.25 crore, up 33.40%. Net profit has compounded at 71.44% a year since FY22, while revenue has grown 46.72% a year. Operating margin was 3.95% in FY26. The debt-to-equity ratio is 0.21.
In the June 2026 quarter, revenue rose 25.23% to Rs 16,075.95 crore and net profit grew 156.35% to Rs 717.83 crore. The share price has gained 114.81% over five years. The stock trades at a PE of 37.01 against an industry PE of 45.19, below the sector average, with a return on equity of 30.76%.
Radico Khaitan: 24.88% Profit CAGR Since FY22
Radico Khaitan makes Indian-made foreign liquor and premium spirits, with brands including Magic Moments, 8PM and Rampur Single Malt. It reported FY26 revenue of Rs 6,062.27 crore, up 24.84% year on year, and net profit of Rs 604.48 crore, up 74.90%. Net profit has compounded at 24.88% a year since FY22, while revenue has grown 20.50% a year. Operating margin was 4.88% in FY26. The debt-to-equity ratio is 0.15, which keeps interest costs low.
The stock trades at a PE of 82.61 against an industry PE of 54.95, with a return on equity of 18.23%. In the June 2026 quarter, revenue rose 10.44% to Rs 5,869.46 crore and net profit grew 75.91% to Rs 229.60 crore. The share price has gained 299.58% over five years and 51.47% over the past year. Domestic institutions raised their holding from 25.47% in September 2025 to 27.17% in September 2026.
Nippon India Mutual Fund Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these Nippon India mutual fund stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| Federal Bank | 34,272.42 | 4,483.38 | 7.00% | 20.05% | 22.90% |
| MCX | 2,429.05 | 1,331.55 | 100.94% | 53.87% | 74.55% |
| Dixon | 49,585.84 | 1,644.25 | 27.53% | 46.72% | 71.44% |
| Radico Khaitan | 6,062.27 | 604.48 | 24.84% | 20.50% | 24.88% |
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Institutional Holding in Federal Bank, MCX, Dixon and Radico Khaitan
Institutional holding shows who is backing these Nippon India mutual fund stocks alongside the promoter. The table uses the latest reported quarter for each. MCX has the deepest institutional backing, with FII and DII together holding 80.65% as of June 2026. Domestic institutions increased their holding over the past year in Federal Bank (from 48.17% to 49.28%) and Radico Khaitan (from 25.47% to 27.17%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Federal Bank | Nil | 27.71% | 49.28% | 23.01% | June 2026 |
| MCX | Nil | 29.84% | 50.81% | 19.34% | June 2026 |
| Dixon | 28.50% | 18.96% | 28.71% | 23.83% | September 2026 |
| Radico Khaitan | 40.17% | 19.43% | 27.17% | 13.23% | September 2026 |
Risks to Weigh in Nippon India Mutual Fund Stocks
Being careful with Nippon India mutual fund stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Radico Khaitan trades at a PE of 82.61 against an industry PE of 54.95, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Nippon India Mutual Fund Stocks
Picking from Nippon India mutual fund stocks comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (11.94 to 54.95) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track Federal Bank, MCX, Dixon and Radico Khaitan live prices.
Conclusion
Among Nippon India mutual fund stocks, Federal Bank stands out for the lowest PE of the group at 15.39, MCX for the highest return on equity at 46.75%, Dixon for the strongest latest-quarter profit growth at 156.35% and Radico Khaitan for 24.84% revenue growth in FY26. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing Nippon India mutual fund stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Nippon India Mutual Fund Stocks to Watch
Which are the best Nippon India mutual fund stocks to watch for multibagger potential?
Ans. Federal Bank, MCX, Dixon and Radico Khaitan are the 4 names this list highlights, with market caps of Rs 82,902 crore, Rs 82,353 crore, Rs 77,049 crore and Rs 58,126 crore respectively. Federal Bank is notable for the lowest PE of the group at 15.39. MCX stands out for the highest return on equity at 46.75%. Dixon offers the strongest latest-quarter profit growth at 156.35%. Radico Khaitan brings 24.84% revenue growth in FY26. These are watchlist names for Nippon India mutual fund stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is MCX a good stock for long-term investors?
Ans. MCX has a return on equity of 46.75%, a PE of 53.41 against an industry PE of 42.17 and a market cap of Rs 82,353 crore. Net profit has compounded at 74.55% a year since FY22, and FY26 revenue rose 100.94% while June 2026 quarter net profit grew 103.47%. Long-term returns in Nippon India mutual fund stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Dixon become a multibagger from here?
Ans. Dixon has already gained 114.81% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in Nippon India mutual fund stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 71.44% a year since FY22, and FY26 revenue rose 27.53%. At a PE of 37.01 against an industry PE of 45.19, valuation should be checked against that growth before investing.
What is the market cap of Federal Bank, MCX, Dixon and Radico Khaitan?
Ans. As of 28 October 2026, Federal Bank has a market cap of Rs 82,902 crore, MCX has a market cap of Rs 82,353 crore, Dixon has a market cap of Rs 77,049 crore and Radico Khaitan has a market cap of Rs 58,126 crore. All of them qualify as midcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on Nippon India mutual fund stocks.
What are the risks of investing in Nippon India mutual fund stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Radico Khaitan trades at a PE of 82.61 against an industry PE of 54.95, so earnings growth needs to hold up.
Why is Radico Khaitan trading at a PE of 82.61?
Ans. Radico Khaitan’s PE of 82.61 compares with an industry PE of 54.95. The market is paying a premium for a return on equity of 18.23%, profit growth of 24.88% a year since FY22 and latest-quarter profit growth of 75.91%, which also means the stock is more sensitive if growth slows. Investors in Nippon India mutual fund stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Federal Bank, MCX, Dixon and Radico Khaitan?
Ans. As of the latest reported quarter, FII and DII together hold 76.99% of Federal Bank (27.71% and 49.28%), 80.65% of MCX (29.84% and 50.81%), 47.67% of Dixon (18.96% and 28.71%) and 46.60% of Radico Khaitan (19.43% and 27.17%). Rising institutional holding is a useful signal in Nippon India mutual fund stocks, though it should be read with earnings trends rather than on its own.
