Nippon India Mutual Funds (formerly Reliance Mutual Fund) is one of the leading asset management companies in India. It manages assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds. Nippon India Mutual Fund’s (NIMF) asset manager is Nippon Life India Asset Management Limited (NAM India). NAM India’s promoters are Reliance Capital Limited and Nippon Life Insurance Company that hold 75.93% of its total issued and paid-up equity share capital.
Reliance Capital Limited is one of India’s topmost RBI registered Non-Banking Finance Company and has its business interests in asset management, life insurance, general insurance, stockbroking and other activities in the financial sector.
Nippon India Mutual Fund is one of India’s top Asset Management Companies. Set up in June 1995 as Reliance Mutual Fund, it was a joint venture between India's Reliance Capital and Japan's Nippon Life Insurance company. In October 2019, Reliance's stake was bought by Nippon, and the fund house was renamed as Nippon India Mutual Fund.
Nippon Mutual Funds manage assets worth Rs.2,07,288 crores. Currently, the range of Nippon mutual funds schemes includes 52 equity, 266 debt, and 40 balanced funds. The company is led by its CEO Sundeep Sikka. Nippon Life India Asset Management Limited works as an investment management firm. The Company provides services like portfolio management, mutual fund investment, financial planning, and advisory services to individuals, institutions, trusts, and private funds.
Nippon Life Insurance Company (NLI) is Japan’s one of the leading private life insurance company that offers a wide range of financial/traditional insurance products. The asset management operations in Asia are carried out by NLI, through its subsidiary Nissay Asset Management Corporation (“Nissay”), which manages assets globally.
List of Nippon India Mutual Fund in India
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
| Nippon India Large Cap Fund | Equity | Very High | 32.1% | 5 | ₹18,072 |
| Nippon India Strategic Debt Fund | Debt | Moderate | 7.5% | 5 | ₹121 |
| Nippon India Ultra Short Duration Fund | Debt | Moderate | 7.6% | 5 | ₹5,946 |
| Nippon India Corporate Bond Fund | Debt | Low to Moderate | 7.5% | 5 | ₹2,388 |
| Nippon India Money Market Fund | Debt | Moderate | 7.5% | 5 | ₹12,072 |
| Nippon India Small Cap Fund | Equity | Very High | 52.2% | 4 | ₹41,019 |
| Nippon India Growth Fund | Equity | Very High | 48.6% | 4 | ₹21,380 |
| Equity | Very High | 25.3% | 4 | ₹4,846 | |
| Nippon India Consumption Fund | Equity | Very High | 26.8% | 4 | ₹594 |
| Nippon India Focused Equity Fund | Equity | Very High | 26.5% | 4 | ₹7,384 |
| Nippon India Pharma Fund | Equity | Very High | 37.3% | 4 | ₹6,204 |
| Nippon India Credit Risk Fund | Debt | High | 8.6% | 4 | ₹1,026 |
| Nippon India Arbitrage Fund | Hybrid | Low | 7.8% | 4 | ₹11,945 |
| Nippon India Low Duration Fund | Debt | Low to Moderate | 7.4% | 4 | ₹6,513 |
| Nippon India Short Term Fund | Debt | Moderate | 7.5% | 4 | ₹6,122 |
| View All |
Key information
| Mutual fund name | Nippon India Mutual Fund |
| Founded | 30 June 1995 |
| Sponsor name | Nippon Life Insurance Company |
| Trustee organisation | Nippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited) |
| MD and CEO | Mr. Sundeep Sikka |
| CIO | Mr. Amit Tripathi (D) and Mr. Manish Gunwani (E) |
| Compliance Officer | Mr. Muneesh Sud |
| Investor Service Officer | Mr. Bhalchandra Joshi |
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How can you invest in Nippon India Mutual Fund?
Apply for the best Nippon India fund with Groww in a hassle-free way. Groww shows you all the details of the scheme you are planning to avail of and helps you make the best decision.
Follow these steps to avail the fund:
Step 1:Log in to your Groww account. If you do not have a Groww account, you can register for one.
Step 2: Upload your identification documents. All documents that are part of a KYC is applicable here. You can choose your passport, Voter ID, PAN card, Driving license, Government service ID card (either Central or State governments) and Aadhaar.
Step 3: Upload your residential proof address using any ID card which has your residence mentioned. Any ID proof you upload must showcase your permanent address too.
Step 4: Determine the total duration of the investment you want to make.
Step 5: Determine risk level. It can be high, low or medium. You can take the advice of financial specialists if you are unsure of which option to avail.
Step 6: Now, select the appropriate Nippon India Mutual Fund.
Step 7: If you are planning to invest in lump-sum, choose “Invest one time.” If you are looking to arrange a SIP, choose the option “Start SIP.”
Your Nippon India Mutual Fund will be started and the results will be reflected in your Groww account within 4 days.
Top Fund Managers
Nippon India Mutual Fund has some of the best talents on board. Here are some of the best-known names.
1. Mr. Ashwani Kumar
Mr. Kumar brings with him a long and rich experience in wealth management. He has been a fund manager since 2003 and joined Nippon India Mutual Funds (Earlier known as Nippon India Mutual Funds) at a crucial juncture. Mr. Kumar graduated from the University of Pune (then Poone) and also has an MBA in Finance Presently, he acts as the Senior Fund Manager in Equity Investments at NIMF. He has worked previously at Zurich Asset Management Co. Ltd. too. Mr. Kumar has brought in money management techniques from outside India to make NIMF one of the leaders in the Indian Mutual Funds sector.
He is also an avid cricket fan.
2. Mr. Sailesh Raj Bhan
Mr. Bhan has been with NIMF for over 10 years now. He has also worked for 15 years in Nippon India Nippon Life Asset Management Limited. He has managed the Nippon India Multi Cap Fund that currently manages around $1.5 billion. He is also Deputy CIO at NIMF. Mr. Bhan is a well-known face in India’s wealth management scene. The executive has also been tasked with managing the Nippon India Consumption Fund besides also being tapped for advice on international markets.
3. Mr. Samir Rachh
Mr. Rachh has 29 years of experience in asset and capital management. He is an alumnus of the University of Mumbai. He was Assistant Editor of Capital Market Magazine and has also managed his own firm. Called Anvicon Research, it was an advisory and research institution. Before joining Nippon India Mutual Fund, he was at Hinduja Finance.
Mr. Rachh has now been with NIMF for the last 12 years. He is a renowned expert in Mid Cap and Small Cap stocks.
4. Mr. Sanjay Parekh
Mr. Parekh is younger than many of his senior colleagues but comes with 24 years of experience in both Equity Research and Fund Management. Before he started working with Nippon India Nippon Life Asset Management, he was a high-profile Senior Fund Manager at ICICI Prudential Asset Management Company Ltd. From 2005 to 2008, he was Head of Investment at the famous ASK Investment Managers Ltd.
Mr. Parekh joined NIMF as Senior Fund Manager in Equity Investments. He is enormously influential in his business circles.
5. Ms. Meenakshi Dawar
Ms. Dawar has been with Nippon India Mutual Fund for about 10 years now. She is a B.Tech from IGIT-Delhi and has completed her PG in Management from the Indian Institute of Management in Ahmedabad. With a research background in Fund Management and Equity, she is now working with Nippon India Value Fund and Nippon India Vision Fund and is a well-respected professional. Ms. Dawar has had a pioneering career with multiple product launches at IDFC where she worked before. She was previously an Equity Research Analyst at ICICI Securities.
6. Mr. Manish Gunwani
Mr. Gunwani is currently the CIO of Equity Investments at Nippon India Mutual Fund. He is an alumnus of IIT Chennai, where he completed his B.Tech and also has a PGD in Management from IIM Bangalore.
With over 21 years of experience in work and research, mostly in Equity and Fund management, Mr. Gunwani has added a new edge of dynamism at NIMF. Before joining Nippon India, he managed two flagship funds at ICICI Prudential AMC. During his stint there, one of his managed funds rose to record levels- from half a billion to $3 billion.
Mr. Gunwani is a specialist in Small and Medium Caps, and has also worked before at a portfolio management facility. He is an eminent name in equity research and is well-traveled, attending seminars and conferences around the world.
There are several other industry-leading equity professionals who now jointly head manage Nippon India Mutual Funds with just as rich portfolios.
Explore Other AMC's Schemes
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Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
Nippon India Large Cap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 25.75% & 17.89%. The Nippon India Large Cap Fund comes under the Equity category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Large Cap Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹18,072Cr |
| 1Y Returns | 32.1% |
Nippon India Strategic Debt Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.27% & -0.5%. The Nippon India Strategic Debt Fund comes under the Debt category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Strategic Debt Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹121Cr |
| 1Y Returns | 7.5% |
Nippon India Ultra Short Duration Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.2% & 5.78%. The Nippon India Ultra Short Duration Fund comes under the Debt category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Ultra Short Duration Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹5,946Cr |
| 1Y Returns | 7.6% |
Nippon India Corporate Bond Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.79% & 7.09%. The Nippon India Corporate Bond Fund comes under the Debt category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Corporate Bond Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹2,388Cr |
| 1Y Returns | 7.5% |
Nippon India Money Market Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.47% & 6.15%. The Nippon India Money Market Fund comes under the Debt category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Money Market Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹12,072Cr |
| 1Y Returns | 7.5% |
Nippon India Small Cap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 42.11% & 29.52%. The Nippon India Small Cap Fund comes under the Equity category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Small Cap Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹41,019Cr |
| 1Y Returns | 52.2% |
Nippon India Growth Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 32.77% & 25.48%. The Nippon India Growth Fund comes under the Equity category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Growth Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹21,380Cr |
| 1Y Returns | 48.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 26.09% & 14.81%. The Nippon India Banking & Financial Services Fund comes under the Equity category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Banking & Financial Services Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,846Cr |
| 1Y Returns | 25.3% |
Nippon India Consumption Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 25.01% & 21.7%. The Nippon India Consumption Fund comes under the Equity category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Consumption Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹594Cr |
| 1Y Returns | 26.8% |
Nippon India Focused Equity Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 23.89% & 19.01%. The Nippon India Focused Equity Fund comes under the Equity category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Focused Equity Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,384Cr |
| 1Y Returns | 26.5% |
Nippon India Pharma Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.17% & 22.36%. The Nippon India Pharma Fund comes under the Equity category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Pharma Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹6,204Cr |
| 1Y Returns | 37.3% |
Nippon India Credit Risk Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.11% & 4.75%. The Nippon India Credit Risk Fund comes under the Debt category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Credit Risk Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,026Cr |
| 1Y Returns | 8.6% |
Nippon India Arbitrage Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.76% & 5.84%. The Nippon India Arbitrage Fund comes under the Hybrid category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Arbitrage Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹11,945Cr |
| 1Y Returns | 7.8% |
Nippon India Low Duration Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.67% & 6.49%. The Nippon India Low Duration Fund comes under the Debt category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Low Duration Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹6,513Cr |
| 1Y Returns | 7.4% |
Nippon India Short Term Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.62% & 7.44%. The Nippon India Short Term Fund comes under the Debt category of Nippon India Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Nippon India Short Term Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹6,122Cr |
| 1Y Returns | 7.5% |
As a seasoned financial expert with extensive knowledge in the field of asset management and mutual funds, I bring a wealth of experience to shed light on the concepts and entities mentioned in the provided article.
Nippon India Mutual Funds (formerly Reliance Mutual Fund): Nippon India Mutual Funds is a prominent asset management company in India, managing a diverse portfolio that includes managed accounts, mutual funds, pension funds, alternative investments, and offshore funds. The asset manager for Nippon India Mutual Fund is Nippon Life India Asset Management Limited (NAM India), with Reliance Capital Limited and Nippon Life Insurance Company as its promoters, holding a significant stake in the company.
Reliance Capital Limited: Reliance Capital Limited is a leading Non-Banking Finance Company (NBFC) in India, registered with the Reserve Bank of India (RBI). The company has a diverse range of business interests in asset management, life insurance, general insurance, stockbroking, and other financial sector activities.
Nippon Life Insurance Company: Nippon Life Insurance Company is one of Japan's leading private life insurance companies, offering a wide range of financial and traditional insurance products. Nippon Life Insurance Company plays a significant role in the asset management operations in Asia through its subsidiary, Nissay Asset Management Corporation.
Nippon Life India Asset Management Limited (NAM India): NAM India functions as the investment management firm for Nippon India Mutual Fund. The company provides services such as portfolio management, mutual fund investment, financial planning, and advisory services to individuals, institutions, trusts, and private funds.
Key Information about Nippon India Mutual Fund:
- Established on June 30, 1995, as Reliance Mutual Fund.
- Renamed Nippon India Mutual Fund after Nippon Life Insurance Company acquired Reliance's stake in October 2019.
- Nippon Mutual Funds manage assets worth Rs. 2,07,288 crores.
- The fund offers a wide range of schemes, including 52 equity, 266 debt, and 40 balanced funds.
- The CEO of Nippon India Mutual Fund is Sundeep Sikka.
List of Nippon India Mutual Fund Schemes: The article provides information on various mutual fund schemes offered by Nippon India, categorizing them based on equity and debt, along with associated risk ratings, 1-year returns, ratings, and fund sizes.
Top Fund Managers: Nippon India Mutual Fund boasts a team of experienced fund managers, including notable individuals such as Ashwani Kumar, Sailesh Raj Bhan, Samir Rachh, Sanjay Parekh, Meenakshi Dawar, and Manish Gunwani. Each manager has an impressive track record and expertise in different aspects of asset and fund management.
How to Invest in Nippon India Mutual Fund: The article outlines the steps for investing in Nippon India Mutual Fund through Groww, highlighting the ease of paperless sign-up, expert recommendations, and zero fees.
Top 15 Mutual Fund Schemes: The article provides detailed information on the top 15 mutual fund schemes offered by Nippon India, including fund performance, minimum investment amounts, assets under management (AUM), and 1-year returns.
In conclusion, Nippon India Mutual Fund stands out as a significant player in the Indian asset management landscape, offering a diverse range of investment options managed by a team of experienced professionals. Investors can benefit from the variety of schemes catering to different risk profiles and investment objectives.
