Nippon India Mutual Fund

Nippon India Mutual Fund is a leading Asset Management Company (AMC) in India with Rs. 2.93 trillion in Assets Under Management (AMC) and 196.24 lakhs folios (as of March 31 2023). The Nippon India Mutual Fund (NIMF) was established as a trust under the Indian Trusts Act 1882.

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About Nippon India Mutual Fund

Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, is a prominent asset management company in India. It oversees various types of assets, including mutual funds, managed accounts, alternative investments, pension funds, and offshore funds. The fund is managed by Nippon Life India Asset Management Limited (NAM India), with Nippon Life Insurance Company as the sponsor. 

Established in June 1995 as Reliance Mutual Fund, Nippon India Mutual Fund was earlier a joint venture between Reliance Capital and Nippon Life Insurance Company of Japan. In October 2019, Nippon acquired Reliance's stake, leading to the renaming of the fund as Nippon India Mutual Fund.

Nippon Life India Asset Management Limited serves as an investment management firm, offering services like mutual fund investments, financial planning, portfolio management, and advisory services to individuals, institutions, trusts, and private funds.

Overview of Top Nippon India Mutual Fund Schemes in India

Mutual Fund Name Risk Category 1-Year Returns 5-Year Returns Fund Size (in crores) Investment Objective
EQUITY FUNDS
Nippon Small Cap Fund Very High 37.40% 24.92% ₹36,539 This scheme aims to grow your investment over the long term by primarily investing in small-cap company stocks and related assets.
Nippon India Multi Cap Fund Very High 31.11% 18.68% ₹20,192 The scheme aims to invest in sectors and industries poised for growth in India due to economic reforms, foreign investments, and infrastructure changes.
Nippon Power & Infrastructure Fund Very High 41.53% 20.01% ₹2,544 This scheme aims for long-term capital growth by investing in Indian companies related to the power and infrastructure sectors.
Nippon India Growth Fund Very High 29.26% 21.50% ₹18,343 This scheme focuses on long-term capital growth through a research-based investment strategy. It will primarily invest in stocks and may also include some exposure to debt and money market instruments.
Nippon Banking & Financial Services Fund Very High 21.61% 12.11% ₹4,487 This scheme aims to provide consistent returns by actively investing in banks' stocks and securities. The mix between stocks and debt will be determined by the fund manager's outlook on both markets.
DEBT FUNDS
Nippon India Credit Risk Fund High 8.06% 4.81% ₹1,017 This scheme aims to achieve good returns with moderate risk. It will invest at least 65% of its assets in long-term debt instruments and the remaining in short-term money market instruments and debentures. Government securities exposure will typically stay below 50% of the assets.
Nippon India Ultra Short Duration Fund Moderate 7.24% 5.89% ₹5,821 The scheme aims to balance good returns, moderate risk, and liquidity by investing in debt and money market instruments.
Nippon India Corporate Bond Fund Moderate 7.27% 7.20% ₹2,539 The scheme aims to generate income primarily from a variety of debt instruments, striving to maximize income while ensuring a balanced mix of yield, safety, and liquidity.
Nippon India Short Term Fund Moderate 6.88% 7.59% ₹6,176 This scheme aims to generate stable returns for investors who want to invest for a short period of time by investing in debt and money market instruments.
Nippon India Low Duration Fund Low to Moderate 7.03% 6.60% ₹6,944 The scheme aims to generate income primarily from a variety of debt instruments, striving to maximize income while ensuring a balanced mix of yield, safety, and liquidity.
HYBRID FUNDS
Nippon India Equity Hybrid Fund Very High 17.94% 8.55% ₹3,026 The scheme aims for steady returns by mostly investing in stocks and a smaller part in debt and money market instruments. It will allocate up to 50% of its assets to stocks and at least 25% to debt and money market instruments with an average maturity of 1 to 7 years.
Nippon India Multi-Asset Fund Very High 17.67% NA ₹1,448 The scheme aims for long-term capital growth by investing in a mix of stocks, debt, money market instruments, and permitted investments like Exchange Traded Commodity Derivatives and Gold ETF, as allowed by SEBI.
Nippon India Balanced Advantage Fund Very High 11.81% 11.36% ₹6,957 The scheme aims to benefit from stock market growth while actively managing risk by investing in stocks and using debt, money market instruments, and derivatives.
Nippon India Equity Savings Fund Moderate 11.63% 2.48% ₹236 The scheme aims to make money through arbitrage and stocks while also investing in debt securities and money market instruments for income and capital growth.
Nippon India Hybrid Bond Fund High 9.79% 4.22% ₹775 The main goal of the scheme is to provide regular income for distributing dividends to unitholders, with a secondary objective of growing capital.
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Highlights of Nippon India Asset Management Company Limited (AMC)

Particulars Details
Name of Mutual Fund House Nippon India Mutual Fund
Incorporate On June 30 1995
Investment Objectives of NIMF
  • To offer mutual fund schemes to people in India and abroad and ensure that unit holders can easily buy and sell their units.
  • To invest the funds raised from unit holders in a way that helps them earn reasonable returns on their savings.
  • To take any necessary steps to achieve these objectives.
Sponsor Institution Nippon Life Insurance Company
Trustee Organisation Nippon Life India Asset Management Limited (formerly, Reliance Nippon Life Asset Management Limited)
MD & CEO Mr Sundeep Sikka
CIO
  • Mr Amit Tripathi (Debt)
  • Mr Manish Gunwani (Equity)

Documents Required to Invest in Nippon India Mutual Fund Schemes

The documents required to invest in Nippon India mutual fund schemes are listed below:

Particulars Documents Required
ID Proof
  • Passport
  • Aadhar Card
  • Voter ID
  • Driving License
  • PAN Card
Address Proof
  • Passport
  • Aadhar Card
  • Voter ID
  • Driving License
  • Utility Bill
  • Bank Statement
Mandatory Documents
  • Aadhar Card
  • PAN Card
  • Bank account information for linking to your investments (Cancelled Cheque, Passbook Copy)
Other Documents
  • Passport-sized recent photographs
  • Duly filled out application form for the chosen mutual fund scheme

Steps to Invest in Nippon India Mutual Fund Schemes

Follow the steps mentioned below to start investing in Nippon India mutual fund schemes:

Step 1: KYC (Know Your Customer)

Ensure you have completed your KYC (Know Your Customer) process. This involves providing necessary documents such as identity proof, address proof, and a passport-sized photograph to any KYC registration agency or to the mutual fund distributor.

Step 2: Select a Scheme

Decide which Nippon India Mutual Fund scheme you want to invest that aligns with your financial goals and risk tolerance. Nippon India offers a range of schemes, including equity funds, debt funds, hybrid funds, and more.

Step 3: Check Fund Details

Research the selected mutual fund scheme thoroughly. Review its historical performance, expense ratio, risk factors, and investment objective. This information is available in the scheme's offer document or on the Nippon India Mutual Fund website.

Step 4: Choose an Investment Mode

You can invest in Nippon India Mutual Fund schemes through various modes:

  • Lump sum (one-time investment)

  • Systematic Investment Plan (SIP)

Step 5: Complete the Application Form

Whether you are investing online or offline, you will need to fill out an application form for the chosen scheme. Provide accurate information, including your personal details, investment amount, and bank details.

Step 6: Payment Method

If you are investing offline, make the payment through a cheque or Demand Draft (DD) in favour of the chosen scheme. If you are investing online, you can make the payment through net banking, UPI, or other online payment methods.

Step 7: Submit Documents

If investing offline, submit the application form, KYC documents, and payment to the Nippon India Mutual Fund branch or distributor. For online investments, upload the necessary documents as per the online platform's instructions.

Step 8: Acknowledgment and Statement

After your investment is processed, you will receive an acknowledgement or confirmation from Nippon India Mutual Fund. Keep this document for your records. You will also receive periodic statements showing your investments and their performance.

Step 9: Monitor Your Investments

Regularly monitor the performance of your investments in Nippon India Mutual Fund schemes. You can access your account online to track your holdings and returns.

Step 10: Additional Investments

If you want to invest more in the same scheme or other Nippon India Mutual Fund schemes, you can do so by following the same process.

Calculate SIP Returns from Nippon India Mutual Fund Schemes

The Policybazaar SIP calculator can help you to show the estimated returns you can earn from your SIP investment in the Nippon India Mutual Fund scheme. 

The returns will vary depending on the following details:

  • The amount you invest

  • The number of years you invest for

  • The expected rate of return

NOTE: The actual returns you earn from your SIP investment may vary from the estimated returns. This is because the actual returns of a mutual fund scheme will depend on the performance of the underlying securities in the scheme.

FAQ's

  • Is Nippon India mutual fund good?

    Nippon India Mutual Fund is a good option for investors looking for a well-managed mutual fund house with a proven track record of performance. It is one of the largest mutual fund houses in India, with assets under management (AUM) of over ₹2.9 trillion. Nippon India Mutual Fund has a wide range of funds, catering to different investor needs and risk profiles. It has a good track record of performance.
  • What is the return of Nippon mutual fund for 5 years?

    The return of the Nippon mutual fund for 5 years depends on the specific fund plan. However, here are some of the 5-year returns of some of the top-performing Nippon mutual funds:
    • Nippon India Small Cap Fund: 24.92%

    • Nippon India Large Cap Fund: 15.43%

    • Nippon India Index Fund: 13.05%

    • Nippon India Multi Cap Fund: 18.68%

    • Nippon India Retirement Fund: 11.06%

  • Is Nippon India owned by Reliance?

    No, Nippon India is not owned by Reliance. Nippon India Mutual Fund is sponsored by Nippon Life Insurance Company of Japan and Nippon Life India Trustee Limited (NLITL) is the trustee. Reliance Industries Limited sold its stakes of Nippon India Mutual Fund to Nippon Life Insurance Company in 2019.
  • What is the rate of the Nippon India fund?

    The rate of return of Nippon India mutual fund schemes is as follows:
    Fund Name Fund Category 1-Year Returns 5-Year Returns
    Nippon India Large Cap Fund Equity 24.3% 15.43%
    Nippon India Small Cap Fund Equity 37.4% 24.92%
    Nippon India Multi Cap Fund Equity 31.11% 18.68%

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
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~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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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