Nippon India Mutual Funds (previously Reliance Mutual Fund) is likely one of the main asset administration firms in India. It manages property throughout managed accounts, mutual funds, pension funds, various investments, and offshore funds. Nippon India Mutual Fund’s (NIMF) asset supervisor is Nippon Life India Asset Administration Restricted (NAM India). NAM India’s promoters are Reliance Capital Restricted and Nippon Life Insurance coverage Firm that maintain 75.93% of its whole issued and paid-up fairness share capital. Reliance Capital Restricted is one in all India’s topmost RBI registered Non-Banking Finance Firm and has its enterprise pursuits in asset administration, life insurance coverage, basic insurance coverage, stockbroking and different actions within the monetary sector.
Nippon India Mutual Fund is one in all India’s prime Asset Administration Corporations. Arrange in June 1995 as Reliance Mutual Fund, it was a joint enterprise between India’s Reliance Capital and Japan’s Nippon Life Insurance coverage firm. In October 2019, Reliance’s stake was purchased by Nippon, and the fund home was renamed as Nippon India Mutual Fund. Nippon Mutual Funds handle property price Rs.2,07,288 crores. At present, the vary of Nippon mutual funds schemes contains 52 fairness, 266 debt, and 40 balanced funds. The corporate is led by its CEO Sundeep Sikka. Nippon Life India Asset Administration Restricted works as an funding administration agency. The Firm gives providers like portfolio administration, mutual fund funding, monetary planning, and advisory providers to people, establishments, trusts, and personal funds.
Nippon Life Insurance coverage Firm (NLI) is Japan’s one of many main non-public life insurance coverage firm that rovides a variety of economic/conventional insurance coverage merchandise. The asset administration operations in Asia are carried out by NLI, via its subsidiary Nissay Asset Administration Company (“Nissay”), which manages property globally.
High Performing Nippon India Mutual Fund
| Sr. No. | Fund Title | Class | Threat | 1YReturns | Ranking | Fund Size(inCr) |
| 1 | Nippon IndiaPharma Fund | Fairness | very high | 34.9% | 5 | ₹5,210 |
| 2 | Nippon IndiaBanking &PSU DebtFund | Debt | Reasonable | 4.7% | 5 | ₹6,659 |
| 3 | Nippon IndiaShort TermFund | Debt | Reasonable | 5.7% | 5 | ₹10,160 |
| 4 | Nippon IndiaArbitrageFund | Hybrid | Low | 4.6% | 5 | ₹12,136 |
| 5 | Nippon IndiaSmall CapFund | Fairness | very high | 96.8% | 4 | ₹17,197 |
| 6 | Nippon IndiaGrowth Fund | Fairness | very high | 74.1% | 4 | ₹11,919 |
| 7 | Nippon IndiaValue Fund | Fairness | very high | 62.6% | 4 | ₹4,368 |
| 8 | Nippon IndiaIndex Fund | Different | very high | 40.5% | 4 | ₹216 |
| 9 | Nippon IndiaBalancedAdvantageFund | Hybrid | Excessive | 27.6% | 4 | ₹5,130 |
| 10 | Nippon IndiaCorporateBond Fund | Debt | Reasonable | 5.5% | 4 | ₹4,030 |
| 11 | Nippon IndiaLow DurationFund | Debt | Low to moderate | 5.0% | 4 | ₹9,621 |
| 12 | Nippon IndiaLiquid Fund | Debt | Low toModerate | 3.3% | 4 | ₹20,961 |
| 13 | Nippon IndiaCredit RiskFund | Debt | Excessive | 14.8% | 4 | ₹1,012 |
| 14 | Nippon IndiaConsumptionFund | Fairness | very high | 61.4% | 3 | ₹180 |
| 15 | Nippon IndiaFocusedEquity Fund | Fairness | very high | 66.2% | 3 | ₹5,892 |
Top Fund Managers Nippon India Mutual Fund
Nippon India Mutual Fund has among the finest abilities on board. Right here are some of the best-known names.
- Mr. Ashwani Kumar
Mr. Kumar brings with him an extended and wealthy expertise in wealth administration.He has been a fund supervisor since 2003 and joined Nippon India Mutual Signal Up Funds (Earlier often called Nippon India Mutual Funds) at an important juncture. Mr.Kumar graduated from the College of Pune (then Poone) and likewise has anMBA in Finance Presently, he acts because the Senior Fund Supervisor in EquityInvestments at NIMF. He has labored beforehand at Zurich Asset ManagementCo. Ltd. too. Mr. Kumar has introduced in cash administration methods fromoutside India to make NIMF one of many leaders within the Indian Mutual Fundssector.He’s additionally an avid cricket fan. - Mr. Sailesh Raj Bhan
Mr. Bhan has been with NIMF for over 10 years now. He has additionally labored for15 years in Nippon India Nippon Life Asset Administration Restricted. He hasmanaged the Nippon India Multi Cap Fund that at the moment manages round$1.5 billion. He’s additionally Deputy CIO at NIMF. Mr. Bhan is a well known face inIndia’s wealth administration scene. The manager has additionally been tasked withmanaging the Nippon India Consumption Fund apart from additionally being tapped foradvice on worldwide markets. - Mr. Samir Rachh
Mr. Rachh has 29 years of expertise in asset and capital administration. Heis an alumnus of the College of Mumbai. He was Assistant Editor ofCapital Market Journal and has additionally managed his personal agency. CalledAnvicon Analysis, it was an advisory and analysis establishment. Earlier than joiningNippon India Mutual Fund, he was at Hinduja Finance.
Mr. Rachh has now been with NIMF for the final 12 years. He’s a renownedexpert in Mid Cap and Small Cap shares. - Mr. Sanjay Parekh
Mr. Parekh is youthful than a lot of his senior colleagues however comes with 24years of expertise in each Fairness Analysis and Fund Administration. Beforehe began working with Nippon India Nippon Life Asset Administration, he wasa high-profile Senior Fund Supervisor at ICICI Prudential Asset ManagementCompany Ltd. From 2005 to 2008, he was Head of Funding on the famousASK Funding Managers Ltd.
Mr. Parekh joined NIMF as Senior Fund Supervisor in Fairness Investments. He isenormously influential in his enterprise circles. - 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 accomplished her PG in Managementfrom the Indian Institute of Administration in Ahmedabad. With a researchbackground in Fund Administration and Fairness, she is now working with
Nippon India Worth Fund and Nippon India Imaginative and prescient Fund and is a well-respected skilled. Ms. Dawar has had a pioneering profession with multipleproduct launches at IDFC the place she labored earlier than. She was beforehand anEquity Analysis Analyst at ICICI Securities. - Mr. Manish Gunwani
Mr. Gunwani is at the moment the CIO of Fairness Investments at Nippon IndiaMutual Fund. He’s an alumnus of IIT Chennai, the place he accomplished hisB.Tech and likewise has a PGD in Administration from IIM Bangalore.
With over 21 years of expertise in work and analysis, principally in Fairness andFund administration, Mr. Gunwani has added a brand new fringe of dynamism atNIMF. Earlier than becoming a member of Nippon India, he managed two flagship funds at ICICIPrudential AMC. Throughout his stint there, one in all his managed funds rose torecord levels- from half a billion to $3 billion.
Mr. Gunwani is a specialist in Small and Medium Caps, and has additionally workedbefore at a portfolio administration facility. He’s an eminent title in equityresearch and is well-traveled, attending seminars and conferences aroundthe world. There are a number of different industry-leading fairness professionals who now jointlyhead handle
Nippon India Mutual Funds
with simply as wealthy portfolios.
Nippon IndiaPharma Fund DirectGrowth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 27.34% & 18.3%. The
Nippon India Pharma Fund comes beneath the Fairness class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Pharma Fund is ₹5,000 and for SIP, it’s ₹100.
| Min Investment | ₹5,000 |
| AUM | ₹5,210Cr |
| 1Y Returns | 34.9% |
Nippon India Banking & PSU Debt Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 9.35% & 7.94%. The Nippon India Banking & PSU Debt Fund comes beneath the Debt class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Banking & PSU Debt Fund is ₹5,000 and for SIP, it’s ₹100.
| Min Investment amt | ₹5,000 |
| AUM | ₹6,659Cr |
| 1Y Returns | 4.7% |
Nippon India Short Term Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 8.95% & 7.64%. The Nippon India Brief Time period Fund comes beneath the Debt class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Brief Time period Fund is ₹100 and for SIP, it’s ₹100.
| Min Investment amt | ₹100 |
| AUM | ₹10,160Cr |
| 1Y Returns | 5.7% |
Nippon India Arbitrage Fund Direct Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 5.55% & 6.09%. The Nippon India Arbitrage Fund comes beneath the Hybrid class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Arbitrage Fund is ₹5,000 and for SIP, it’s ₹100.
| Min Investment | ₹5,000 |
| AUM | ₹12,136Cr |
| 1Y Returns | 4.6% |
Nippon India Small Cap Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 30.12% & 25.81%. The Nippon India Small Cap Fund comes beneath the Fairness class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Small Cap Fund is ₹5,000 and for SIP, it’s ₹100.
| Min Investment | ₹5,000 |
| AUM | ₹17,197Cr |
| 1Y Returns | 96.8% |
Nippon India Growth Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 28.32% & 21.42%. The Nippon India Development Fund comes beneath the Fairness class of Nippon India Mutual Funds. minimum investment Quantity: Lump sum minimal quantity for Nippon India Development Fund is ₹100 and for SIP, it’s₹100.
| Min Investment | ₹100 |
| AUM | ₹11,919Cr |
Nippon India Value Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 23.36% & 19.91%. The Nippon India Worth Fund comes beneath the Fairness class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Worth Fund is ₹500 and for SIP, it’s ₹100.
| Min Investment | ₹500 |
| AUM | ₹4,368Cr |
| 1Y Returns | 62.6% |
Nippon India Index Fund Sensex Plan Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 20.8% & 19.13%. The Nippon India Index Fund comes beneath the Different class of Nippon India Mutual Funds.
Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Index Fund is ₹5,000 and for SIP, it’s ₹100.
| Min Investment | ₹5,000 |
| AUM | ₹216Cr |
| 1Y Returns | 40.5% |
Nippon India Balanced Advantage Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 14.59% & 13.85%. The Nippon India Balanced Benefit Fund comes beneath the Hybrid class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Balanced Benefit Fund is ₹100 and for SIP, it’s ₹100.
| Min Investment | ₹100 |
| AUM | ₹5,130Cr |
| 1Y Returns | 27.6% |
Nippon India Corporate Bond Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 8.06% & 7.6%. The Nippon India Company Bond Fund comes beneath the Debt class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Company Bond Fund is ₹1,000 and for SIP, it’s ₹100.
| Min Investment | ₹1,000 |
| AUM | ₹4,030Cr |
| 1Y Returns | 5.5% |
India Low Duration Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 6.99% & 7.03%. The Nippon India Low Length Fund comes beneath the Debt class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Low Length Fund is ₹500 and for SIP, it’s ₹100.
| Min Investment | ₹500 |
| AUM | ₹9,621Cr |
| 1Y Returns | 5.0% |
Nippon India Liquid Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 5% & 5.83%. The Nippon India Liquid Fund comes beneath the Debt class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Liquid Fund is
₹100 and for SIP, it’s ₹100.
| Min Investment | ₹100 |
| AUM | ₹20,961Cr |
| 1Y Returns | 3.3% |
Nippon India Credit Risk Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 3.75% & 5.06%. The Nippon India Credit score Threat Fund comes beneath the Debt class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Credit score Threat Fund is ₹500 and for SIP, it’s ₹100.
| Min Investment | ₹500 |
| AUM | ₹1,012Cr |
| 1Y Returns | 14.8% |
Nippon India Consumption Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 25.87% & 16.64%. The Nippon India Consumption Fund comes beneath the Fairness class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Consumption Fund is ₹5,000 and for SIP, it’s ₹100.
| Min Investment | ₹5,000 |
| AUM | ₹180Cr |
| 1Y Returns | 61.4% |
Nippon India Focused Equity Fund Direct Growth
Fund Efficiency: The fund’s annualized returns for the previous 3 years & 5 years has been round 24.07% & 18.46%. The Nippon India Targeted Fairness Fund comes beneath the Fairness class of Nippon India Mutual Funds. Minimal Funding Quantity: Lump sum minimal quantity for Nippon India Targeted Fairness Fund is ₹5,000 and for SIP, it’s ₹100.
| Min Investment | ₹5,000 |
| AUM | ₹5,892Cr |
NIPPON INDIA MUTUAL FUND TO MAKE THE REDEMPTION PAYOUT?
Redemption amount will be paid on the next working day from the date of redemption for the following schemes.
- NIPPON INDIA FLOATING RATE FUND
- NIPPON INDIA CORPORATE BOND FUND (FORMERLY, NIPPON INDIA PRIME DEBT FUND)
- NIPPON INDIA LOW DURATION FUND
- NIPPON INDIA ULTRA SHORT DURATION FUND
- NIPPON INDIA LIQUID FUND
- NIPPON INDIA MONEY MARKET FUND
- NIPPON INDIA SHORT TERM FUND
- NIPPON INDIA STRATEGIC DEBT FUND
- NIPPON INDIA DYNAMIC BOND FUND
- NIPPON INDIA CREDIT RISK FUND
- NIPPON INDIA INCOME FUND
- NIPPON INDIA OVERNIGHT FUND
- NIPPON INDIA BANKING & PSU DEBT FUND
The redemption amount will be paid in 2 working days from the date of redemption for the following schemes.
- NIPPON INDIA HYBRID BOND FUND
- NIPPON INDIA RELIANCE NIVESH LAKSHYA FUND
- NIPPON INDIA RETIREMENT FUND – INCOME GENERATION SCHEME
The redemption amount will be paid in 3 working days from the date of redemption for the following schemes.
- NIPPON INDIA EQUITY HYBRID FUND
- NIPPON INDIA BANKING & FINANCIAL SERVICES FUND
- NIPPON INDIA LARGE CAP FUND
- NIPPON INDIA MULTI CAP FUND
- NIPPON INDIA GROWTH FUND
- NIPPON INDIA VISION FUND
- NIPPON INDIA CONSUMPTION FUND
- NIPPON INDIA BALANCED ADVANTAGE FUND
- NIPPON INDIA PHARMA FUND
- NIPPON INDIA POWER & INFRA FUND
- NIPPON INDIA QUANT FUND
- NIPPON INDIA VALUE FUND
- NIPPON INDIA TAX SAVER (ELSS) FUND
- NIPPON INDIA SMALL CAP FUND
- NIPPON INDIA INDEX FUND – NIFTY PLAN
- NIPPON INDIA ARBITRAGE FUND
- NIPPON INDIA INDEX FUND – SENSEX PLAN
- NIPPON INDIA GOLD SAVINGS FUND
- NIPPON INDIA EQUITY SAVINGS FUND
- NIPPON INDIA FOCUSED EQUITY FUND
- NIPPON INDIA RETIREMENT FUND – WEALTH CREATION SCHEME
- NIPPON INDIA JUNIOR BEES FOF
FAQ
CAN AN INVESTOR INVEST IN MUTUAL FUNDS WITHOUT A PAN CARD?
No. As per SEBI circular MRD/DoP/Cir-05/2007 dated April 27, 2007, and MRD/DoP/Cir-08/2007 dated June 25, 2007, Permanent Account Number (PAN) is the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction, effective July 2, 2007. Hence PAN is mandatory.
CAN AN INVESTOR INVEST IN MUTUAL FUNDS WITHOUT KYC?
No. With effect from January 1, 2011, KYC is mandatory for all classes of investors irrespective of the investment amount.
DOES THE INVESTOR NEED TO SUBMIT PAN COPY EACH TIME HE/SHE INVESTS WITH NIPPON INDIA MUTUAL FUND?
An existing investor with Nippon India Mutual Fund whose PAN is already updated in the folio and wishes to invest again need not submit the PAN copy again.
WILL THE INVESTOR’S PURCHASE TRANSACTION GET REJECTED IF HIS/HER KYC GETS REJECTED BY THE KRA (KEY REGISTERED AGENCY)?
No, the existing purchase transaction will not get rejected; however, the folio will be freezed and no further subscriptions will be permitted.
DOES A JOINT HOLDER NEED TO BE KYC COMPLIANT WHILE INVESTING IN NIPPON INDIA MUTUAL FUND?
Yes, all joint holders need to be mandatorily KYC compliant.
DOES A GUARDIAN ACTING ON BEHALF OF THE MINOR NEED TO BE KYC COMPLIANT IN NIPPON INDIA MUTUAL FUND?
DOES A GUARDIAN ACTING ON BEHALF OF THE MINOR NEED TO BE KYC COMPLIANT IN NIPPON INDIA MUTUAL FUND?
WHAT ARE THE MANDATORY FIELDS WHICH AN INVESTOR NEEDS TO FILL IN THE APPLICATION FORM?
The investor needs to mandatorily fill the details stated below in the application form:
Name of the investor
PAN number
Tax Status
Bank Details (Bank name, account number, account type, branch, city, MICR code / IFSC code)
Mode of Holding
Joint Applicant Name and PAN
Demat account details (if Demat mode is ticked)
Date of birth and guardian’s details (if the applicant is a minor)
Mobile Number
Mailing address
Overseas address (if the applicant is an NRI)
FATCA details for all the applicants
Additional KYC details for all the applicants
Scheme name, Plan, and Option
Investment Amount
Signature
IF THE INVESTOR HAS MADE A JOINT APPLICANT BUT HAS NOT SPECIFIED THE MODE OF HOLDING, WHAT WILL BE THE DEFAULT MODE OF HOLDING?
The default mode of holding will be joint.
CAN AN INVESTMENT DONE ON BEHALF OF A MINOR INVESTOR BE JOINTLY HELD BY OTHER INVESTORS?
No, if the investment is done on behalf of the minor, then the minor will be the sole and first holder without any joint holders in the folio.
WHO CAN ACT AS THE GUARDIAN OF THE MINOR IN THE FOLIO?
The guardian of a minor should either be a natural guardian (i.e. father or mother) or a court-appointed legal guardian.
WHICH DOCUMENTS CAN BE ACCEPTED BY MUTUAL FUND / REGISTRAR AND TRANSFER AGENT AS PROOF OF THE MINOR/ RELATIONSHIP OF THE MINOR WITH HIS/HER GUARDIAN?
The following documents can be accepted for this purpose:
Birth certificate of the minor, or
School leaving certificate/mark sheet issued by Higher Secondary Board of respective states, ICSE, CBSE, etc., or
Passport of the minor, or
Any other suitable proof evidencing the date of birth of the minor.
In case of a court-appointed legal guardian, supporting documentary evidence shall be provided.
In case of natural guardian, a document evidencing the relationship if the same is not available as part of the documents submitted.
IN WHICH SCENARIOS WILL A CHANGE OF GUARDIAN BE ALLOWED?
A change of guardian will be allowed in the scenarios stated below:
Death of the guardian
With mutual consent of the existing and proposed guardian.
WHY IS IT NECESSARY FOR AN INVESTOR TO REGISTER HIS/HER EMAIL ID AND MOBILE NUMBER IN THE FOLIO?
An investor should register his/her email id and mobile number in the folio to get instant transaction alerts from Nippon India Mutual Fund.
WHICH CATEGORY OF INVESTORS CAN APPLY WITH JOINT APPLICANTS?
Only resident individuals and Non-Resident Individuals can apply with joint applicants.
CAN AN INVESTOR ADD/REMOVE JOINT HOLDERS IN AN EXISTING FOLIO?
No, the investor cannot add/remove joint holders in an existing folio out of his/her own will.