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Nippon India Mutual Fund
Nippon India Mutual Fund (NIMF) is one of the leading asset management companies (AMCs) in India, with over ₹2. 7L crore in assets under management (AUM) as of February 28, 2023. The company was established in 1995 as a joint venture between Reliance Capital and Japan’s Nippon Life Insurance Company. In October 2019, Nippon acquired Reliance's ownership interest, leading to the rebranding of the fund house as Nippon India Mutual Fund.
Investment Plans
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Guaranteed Tax Savings
Under sec 80C & 10(10D) -
₹1 Crore
Invest ₹10k per month* -
Zero LTCG Tax
In-built life cover
Top performing plans with High Returns**
Invest ₹10K/month & Get ₹1 Crore returns*
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Mutual Funds in India
- Nippon India Mutual Fund
Top Performing Nippon India Mutual Fund
| Fund Name | Category | 1-Year Returns | 5-Years Return | Fund Size |
| Nippon India Consumption Fund | Equity | 13.90% | 21.93% | ₹516 |
| Nippon India Overnight Fund | Debt | 6.50% | - | ₹6,074 |
| Nippon India Large Cap Fund | Equity | 23.80% | 17.14% | ₹15,855 |
| Nippon India Index Fund | Other | 14.30% | - | ₹498 |
| Nippon India Credit Risk Fund | Debt | 8.70% | 4.88% | ₹1,018 |
| Nippon India Money Market Fund | Debt | 7.40% | 6.23% | ₹11,609 |
| Nippon India Small Cap Fund | Equity | 35.80% | 27.56% | ₹36,540 |
| Nippon India Strategic Debt Fund | Debt | 7.70% | 0.33% | ₹122 |
| Nippon India Low Duration Fund | Debt | 7.40% | 6.59% | ₹7,430 |
| Nippon India Short Term Fund | Debt | 7.50% | 7.62% | ₹6,141 |
| Nippon India Banking & Financial Services Fund | Equity | 22.70% | 15.26% | ₹4,487 |
| Nippon India Arbitrage Fund | Hybrid | 7.80% | 5.82% | ₹10,408 |
| Nippon India Ultra Short Duration Fund | Debt | 7.50% | 5.88% | ₹5,301 |
| Nippon India Corporate Bond Fund | Debt | 7.70% | 7.21% | ₹2,458 |
| Nippon India Growth Fund | Equity | 27.60% | 23.72% | ₹18,343 |
About Nippon India Mutual Fund
Nippon India Mutual Fund offers a wide range of mutual fund schemes across equity, debt, and hybrid categories. This commitment is reflected in their portfolio, comprising 34 equity schemes, 116 debt schemes, 13 hybrid schemes, and an additional 17 schemes covering various categories, including commodities.
The company's equity schemes are some of the most popular in the Indian mutual fund industry and have consistently outperformed their benchmarks over the long term.
Highlights of Nippon India Mutual Fund:
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As of February 28, 2023, Nippon India Mutual Fund presents a diversified portfolio with 180 primary fund schemes.
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The company's vision is to consistently forge a brighter financial future for investors, leveraging the optimal blend of our local and global capabilities.
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Within this range, there are 34 equity schemes, 116 debt schemes, 13 hybrid schemes, and an additional 17 encompassing various categories, including commodity schemes.
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Examining the data from April 2023, Nippon India MF schemes with the highest Assets Under Management (AUM) include the Nippon India Liquid Fund, Nippon India Small Cap Fund, and the CPSE Exchange Traded Fund.
Key Information About Nippon India Mutual Fund
| Asset Management Company Name | Nippon Life India Asset Management Limited |
| Mutual fund name | Nippon India Mutual Fund |
| Founded | June 20, 1995 |
| MD and CEO | Mr. Sundeep Sikka |
| AMC Incorporation Date | February 24, 1995 |
| Trustee Organisation | Nippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited) |
| Compliance Officer | Mr. Muneesh Sud |
| Investors Service Officer | Mr. Bhalchandra Joshi |
| Top Fund Managers | Mr. Samir Rachh Mr. Sailesh Raj Bhan Mr. Sanjay Parekh Mr. Ashwani Kumar Mr. Manish Gunwani Ms. Meenakshi Dawar |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
What are the Documents Required to Invest in Nippon India Mutual Fund?
To invest in Nippon India Mutual Fund, you will need to provide the following documents:
KYC (Know Your Customer):
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Proof of Identity: This can be an Aadhaar card, Passport, Voter ID card, Driving license, PAN card with photograph, or any other official government-issued identity card with a photograph.
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Proof of Address: You can use documents such as a Passport, Voter ID card, Ration card, Registered Lease or Sale Agreement of Residence, Driving License, Flat Maintenance bill, or Insurance Copy to establish your residential address.
FAQ's
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Is Nippon India Mutual Fund good?
Yes, Nippon India Mutual Fund is a good mutual fund company. It is one of the leading AMCs in India, with a strong track record of performance. The company offers a wide range of mutual fund schemes across equity, debt, and hybrid categories, so investors can find one that suits their risk appetite and investment goals. -
What is the best return in Nippon India Mutual Fund?
The best return in Nippon India Mutual Fund depends on the scheme you invest in. The company's equity schemes have consistently outperformed their benchmarks over the long term. For example, the Nippon India Small Cap Fund has generated an average annual return of 25% over the past 10 years. -
Who owns Nippon India Mutual Fund?
Nippon India Mutual Fund is owned by Nippon Life Insurance Company, which is one of the largest life insurance companies in the world. -
What is the NAV of Nippon Mutual Fund today?
The NAV or net asset value of a mutual fund is the price per unit of the fund. The NAV of Nippon India Mutual Fund schemes varies from day to day, depending on the performance of the underlying assets. You can check the NAV of Nippon India Mutual Fund schemes on the company's website or on any mutual fund website.
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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