Groww Logo
SWITCH TO DIRECTHELPMUTUAL FUNDS
0% COMMISSION ON GROWW

Nippon India Mutual Fund

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 undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Nippon India Junior BeES FoF FundOtherModerately High1.0%5₹123
Nippon India Banking & PSU Debt FundDebtLow to Moderate2.9%5₹4,321
Nippon India Short Term FundDebtModerate3.4%5₹8,160
Nippon India Corporate Bond FundDebtModerate3.7%5₹2,885
Nippon India Small Cap FundEquityVery High15.2%4₹19,768
Nippon India Growth FundEquityVery High11.0%4₹12,178
Nippon India Index FundOtherVery High7.2%4₹275
Nippon India Low Duration FundDebtModerate4.0%4₹9,632
Nippon India Money Market FundDebtModerate3.8%4₹11,265
Nippon India Arbitrage FundHybridLow4.6%4₹10,898
Nippon India Consumption FundEquityVery High15.1%3₹198
Nippon India Gold Savings FundOtherHigh4.6%3₹1,462
Nippon India Focused Equity FundEquityVery High7.3%3₹5,837
Nippon India Value FundEquityVery High8.1%3₹4,389
Nippon India Index FundOtherVery High6.4%3₹492
View All

Key information

Mutual fund nameNippon India Mutual Fund
Founded30 June 1995
Sponsor nameNippon Life Insurance Company
Trustee organisationNippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited)
MD and CEOMr. Sundeep Sikka
CIOMr. Amit Tripathi (D) and Mr. Manish Gunwani (E)
Compliance OfficerMr. Muneesh Sud
Investor Service OfficerMr. Bhalchandra Joshi

Why invest with Groww?

— Registered with SEBI, AMFI & BSE

— Paperless sign up on web & app

— Expert recommendations

— ZERO fees !

Sign Up

How can you invest in ?

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.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Nippon India Junior BeES FoF Direct Growth

Fund Performance: The Nippon India Junior BeES FoF Fund comes under the Other category of Nippon India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Nippon India Junior BeES FoF Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹123Cr
1Y Returns1.0%

Nippon India Banking & PSU Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.52% & 7.44%. The Nippon India Banking & PSU Debt Fund comes under the Debt category of Nippon India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Nippon India Banking & PSU Debt Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹4,321Cr
1Y Returns2.9%

Nippon India Short Term Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.35% & 7.17%. 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₹8,160Cr
1Y Returns3.4%

Nippon India Corporate Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.65% & 7.03%. 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₹2,885Cr
1Y Returns3.7%

Nippon India Small Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.44% & 17.22%. 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₹19,768Cr
1Y Returns15.2%

Nippon India Growth Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.28% & 14.07%. 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₹12,178Cr
1Y Returns11.0%

Nippon India Index Fund Sensex Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.83% & 12.83%. The Nippon India Index Fund comes under the Other category of Nippon India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Nippon India Index Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹275Cr
1Y Returns7.2%

Nippon India Low Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.88% & 6.63%. 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₹9,632Cr
1Y Returns4.0%

Nippon India Money Market Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.37% & 6.31%. 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₹11,265Cr
1Y Returns3.8%

Nippon India Arbitrage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.09% & 5.9%. 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₹10,898Cr
1Y Returns4.6%

Nippon India Consumption Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.32% & 12.06%. 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₹198Cr
1Y Returns15.1%

Nippon India Gold Savings Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.29% & 10.98%. The Nippon India Gold Savings Fund comes under the Other category of Nippon India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Nippon India Gold Savings Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹1,462Cr
1Y Returns4.6%

Nippon India Focused Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.44% & 12.06%. 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₹5,837Cr
1Y Returns7.3%

Nippon India Value Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.2% & 12.21%. The Nippon India Value Fund comes under the Equity category of Nippon India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Nippon India Value Fund is ₹500 and for SIP, it is ₹100.

Min Investment Amt₹500
AUM₹4,389Cr
1Y Returns8.1%

Nippon India Index Fund Nifty Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.47% & 11.96%. The Nippon India Index Fund comes under the Other category of Nippon India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Nippon India Index Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹492Cr
1Y Returns6.4%

FAQs on Nippon India Mutual Fund

How to Start Nippon India Mutual Fund SIP Online?

One can start investing in Nippon India Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in Nippon India Mutual Funds.

How to Calculate Nippon India Mutual Fund SIP?

To calculate Nippon India Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your Nippon India Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem Nippon India Mutual Fund?

To redeem Nippon India Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their Nippon India Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An Nippon India Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an Nippon India Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the Nippon India Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

Explore all Mutual Funds on Groww

Explore Mutual Funds
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 2.4.0
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI