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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 Consumption FundEquityVery High15.6%5₹241
Nippon India Ultra Short Duration FundDebtModerate4.9%5₹4,931
Nippon India Corporate Bond FundDebtModerate3.7%5₹1,653
Nippon India Money Market FundDebtModerate4.4%5₹10,728
Nippon India Small Cap FundEquityVery High11.7%4₹21,655
Nippon India Growth FundEquityVery High4.0%4₹13,225
Nippon India Nifty Next 50 Junior BeES FoF FundOtherModerately High-1.2%4₹148
Nippon India Index FundOtherVery High-2.4%4₹330
Nippon India Short Term FundDebtModerate3.1%4₹6,622
Nippon India Banking & PSU Debt FundDebtModerate2.7%4₹4,242
Nippon India Low Duration FundDebtLow to Moderate4.2%4₹7,771
Nippon India Arbitrage FundHybridLow4.5%4₹9,331
Nippon India Focused Equity FundEquityVery High2.4%3₹6,193
Nippon India Value FundEquityVery High0.3%3₹4,714
Nippon India Index FundOtherVery High-2.6%3₹576
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

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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.

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 15 mutual fund schemes.

Nippon India Consumption Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 26.2% & 17.5%. 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₹241Cr
1Y Returns15.6%

Nippon India Ultra Short Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.72% & 5.9%. The Nippon India Ultra Short Duration Fund comes under the Debt category of Nippon India Mutual Funds.

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

Min Investment Amt₹100
AUM₹4,931Cr
1Y Returns4.9%

Nippon India Corporate Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.56% & 6.87%. 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₹1,653Cr
1Y Returns3.7%

Nippon India Money Market Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.01% & 6.23%. 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₹10,728Cr
1Y Returns4.4%

Nippon India Small Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 35.79% & 19.31%. 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₹21,655Cr
1Y Returns11.7%

Nippon India Growth Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 26.6% & 15.65%. 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₹13,225Cr
1Y Returns4.0%

Nippon India Nifty Next 50 Junior BeES FoF Direct Growth

Fund Performance: The Nippon India Nifty Next 50 Junior BeES FoF Fund comes under the Other category of Nippon India Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Nippon India Nifty Next 50 Junior BeES FoF Fund is ₹5,000 and for SIP, it is ₹100.

Min Investment Amt₹5,000
AUM₹148Cr
1Y Returns-1.2%

Nippon India Index Fund S&P BSE Sensex Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.22% & 13.5%. 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₹330Cr
1Y Returns-2.4%

Nippon India Short Term Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.63% & 6.89%. 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₹6,622Cr
1Y Returns3.1%

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 6.49% & 7.1%. 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₹4,242Cr
1Y Returns2.7%

Nippon India Low Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.03% & 6.46%. 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₹7,771Cr
1Y Returns4.2%

Nippon India Arbitrage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.8% & 5.73%. 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₹9,331Cr
1Y Returns4.5%

Nippon India Focused Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.78% & 12.78%. 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₹6,193Cr
1Y Returns2.4%

Nippon India Value Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.22% & 12.7%. 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₹4,714Cr
1Y Returns0.3%

Nippon India Index Fund Nifty 50 Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.2% & 12.32%. 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₹576Cr
1Y Returns-2.6%

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