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.
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.
| Mutual fund name | Nippon India Mutual Fund |
| AMC Setup Date | 30 Jun 1995 |
| Sponsor name | Nippon Life Insurance Company |
| Trustee organisation | Nippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited) |
| CIO | Mr. Amit Tripathi (D) and Mr. Manish Gunwani (E) |
| Compliance Officer | Mr. Muneesh Sud |
| Investor Service Officer | Mr. Bhalchandra Joshi |
| MD and CEO | Mr. Sundeep Sikka |
| Total AUM (as of end of last quarter) | -- |
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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.
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