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.

Top Performing Nippon India Mutual Fund

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Nippon India Gilt Securities FundDebtModerate13.4%5star1,452
Nippon India Arbitrage FundHybridModerately Low5.9%5star7,847
Nippon India Gilt Securities FundGiltModerate13.4%5star1,452
Nippon India Pharma FundEquityHigh37.5%5star3,093
Nippon India Small Cap FundEquityModerately High-6.0%4star7,898
Nippon India Liquid FundDebtLow5.6%4star30,604
Nippon India Money Market FundDebtModerately Low7.7%4star4,265
Nippon India Index Fund - Sensex PlanEquityModerately High-4.0%4star85
Nippon India Income FundDebtModerate12.5%4star438
Nippon India Banking & PSU Debt FundDebtModerately Low13.2%4star5,211
Nippon India Nivesh Lakshya FundDebtModerate11.7%3star1,365
Nippon India Value FundEquityModerately High-9.3%3star2,623
Nippon India Power & Infra FundEquityHigh-11.4%3star1,050
Nippon India Short Term FundDebtModerately Low11.6%3star6,825
Nippon India Index Fund - Nifty PlanEquityModerately High-5.7%3star212
View All Top Performing Nippon India Mutual Fund

Key information

Mutual fundNippon India Mutual Fund
Founded30 June 1995
SponsorsNippon Life Insurance Company
TrusteeNippon 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)
Investor Service OfficerMr. Bhalchandra Joshi
Compliance OfficerMr. Muneesh Sud

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How can you invest in Nippon India Mutual Fund?

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 Gilt Securities Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Gilt segment. It has given a commendable 10.53% annual returns in the last three years. In the previous year, it delivered 13.39% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM1,452Cr
1Y Returns13.4%

Nippon India Arbitrage Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Arbitrage segment. It has given a commendable 6.82% annual returns in the last three years. In the previous year, it delivered 5.9% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹5,000
AUM7,847Cr
1Y Returns5.9%

Nippon India Gilt Securities Fund Direct Defined Maturity Date Growth

Fund Performance: This fund has consistently performed above the benchmark in Long Term segment. It has given a commendable 10.53% annual returns in the last three years. In the previous year, it delivered 13.39% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Gilt mutual funds in India.

Min Investment Amt₹5,000
AUM1,452Cr
1Y Returns13.4%

Nippon India Pharma Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable 13.93% annual returns in the last three years. In the previous year, it delivered 37.5% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM3,093Cr
1Y Returns37.5%

Nippon India Small Cap Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Small Cap segment. It has given a commendable -1.94% annual returns in the last three years. In the previous year, it delivered -6.05% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM7,898Cr
1Y Returns-6.0%

Nippon India Liquid Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 6.76% annual returns in the last three years. In the previous year, it delivered 5.64% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹100
AUM30,604Cr
1Y Returns5.6%

Nippon India Money Market Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Money Market segment. It has given a commendable 7.81% annual returns in the last three years. In the previous year, it delivered 7.67% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹500
AUM4,265Cr
1Y Returns7.7%

Nippon India Index Fund Sensex Plan Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Index segment. It has given a commendable 5.89% annual returns in the last three years. In the previous year, it delivered -3.96% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM85Cr
1Y Returns-4.0%

Nippon India Income Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Medium to Long Duration segment. It has given a commendable 9.31% annual returns in the last three years. In the previous year, it delivered 12.48% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM438Cr
1Y Returns12.5%

Nippon India Banking & PSU Debt Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Banking & PSU segment. It has given a commendable 9.4% annual returns in the last three years. In the previous year, it delivered 13.2% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM5,211Cr
1Y Returns13.2%

Nippon India Nivesh Lakshya Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Long Duration segment. In the previous year, it delivered 11.65% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹5,000
AUM1,365Cr
1Y Returns11.7%

Nippon India Value Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Value segment. It has given a commendable 0.63% annual returns in the last three years. In the previous year, it delivered -9.32% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹500
AUM2,623Cr
1Y Returns-9.3%

Nippon India Power & Infra Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable -4.47% annual returns in the last three years. In the previous year, it delivered -11.45% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM1,050Cr
1Y Returns-11.4%

Nippon India Short Term Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Short Duration segment. It has given a commendable 8.45% annual returns in the last three years. In the previous year, it delivered 11.57% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹500
AUM6,825Cr
1Y Returns11.6%

Nippon India Index Fund Nifty Plan Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Index segment. It has given a commendable 4.15% annual returns in the last three years. In the previous year, it delivered -5.66% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹100. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹5,000
AUM212Cr
1Y Returns-5.7%

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