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Nippon India Mutual Fund
Nippon India Mutual Fund is a leading Asset Management Company (AMC) in India with Rs. 2.93 trillion in Assets Under Management (AMC) and 196.24 lakhs folios (as of March 31 2023). The Nippon India Mutual Fund (NIMF) was established as a trust under the Indian Trusts Act 1882.
Investment Plans
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Guaranteed Tax Savings
Under sec 80C & 10(10D) -
₹1 Crore
Invest ₹10k per month* -
Zero LTCG Tax
In-built life cover
Top performing plans with High Returns**
Invest ₹10K/month & Get ₹1 Crore returns*
About Nippon India Mutual Fund
Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, is a prominent asset management company in India. It oversees various types of assets, including mutual funds, managed accounts, alternative investments, pension funds, and offshore funds. The fund is managed by Nippon Life India Asset Management Limited (NAM India), with Nippon Life Insurance Company as the sponsor.
Established in June 1995 as Reliance Mutual Fund, Nippon India Mutual Fund was earlier a joint venture between Reliance Capital and Nippon Life Insurance Company of Japan. In October 2019, Nippon acquired Reliance's stake, leading to the renaming of the fund as Nippon India Mutual Fund.
Nippon Life India Asset Management Limited serves as an investment management firm, offering services like mutual fund investments, financial planning, portfolio management, and advisory services to individuals, institutions, trusts, and private funds.
Overview of Top Nippon India Mutual Fund Schemes in India
| Mutual Fund Name | Risk Category | 1-Year Returns | 5-Year Returns | Fund Size (in crores) | Investment Objective |
| EQUITY FUNDS | |||||
| Nippon Small Cap Fund | Very High | 37.40% | 24.92% | ₹36,539 | This scheme aims to grow your investment over the long term by primarily investing in small-cap company stocks and related assets. |
| Nippon India Multi Cap Fund | Very High | 31.11% | 18.68% | ₹20,192 | The scheme aims to invest in sectors and industries poised for growth in India due to economic reforms, foreign investments, and infrastructure changes. |
| Nippon Power & Infrastructure Fund | Very High | 41.53% | 20.01% | ₹2,544 | This scheme aims for long-term capital growth by investing in Indian companies related to the power and infrastructure sectors. |
| Nippon India Growth Fund | Very High | 29.26% | 21.50% | ₹18,343 | This scheme focuses on long-term capital growth through a research-based investment strategy. It will primarily invest in stocks and may also include some exposure to debt and money market instruments. |
| Nippon Banking & Financial Services Fund | Very High | 21.61% | 12.11% | ₹4,487 | This scheme aims to provide consistent returns by actively investing in banks' stocks and securities. The mix between stocks and debt will be determined by the fund manager's outlook on both markets. |
| DEBT FUNDS | |||||
| Nippon India Credit Risk Fund | High | 8.06% | 4.81% | ₹1,017 | This scheme aims to achieve good returns with moderate risk. It will invest at least 65% of its assets in long-term debt instruments and the remaining in short-term money market instruments and debentures. Government securities exposure will typically stay below 50% of the assets. |
| Nippon India Ultra Short Duration Fund | Moderate | 7.24% | 5.89% | ₹5,821 | The scheme aims to balance good returns, moderate risk, and liquidity by investing in debt and money market instruments. |
| Nippon India Corporate Bond Fund | Moderate | 7.27% | 7.20% | ₹2,539 | The scheme aims to generate income primarily from a variety of debt instruments, striving to maximize income while ensuring a balanced mix of yield, safety, and liquidity. |
| Nippon India Short Term Fund | Moderate | 6.88% | 7.59% | ₹6,176 | This scheme aims to generate stable returns for investors who want to invest for a short period of time by investing in debt and money market instruments. |
| Nippon India Low Duration Fund | Low to Moderate | 7.03% | 6.60% | ₹6,944 | The scheme aims to generate income primarily from a variety of debt instruments, striving to maximize income while ensuring a balanced mix of yield, safety, and liquidity. |
| HYBRID FUNDS | |||||
| Nippon India Equity Hybrid Fund | Very High | 17.94% | 8.55% | ₹3,026 | The scheme aims for steady returns by mostly investing in stocks and a smaller part in debt and money market instruments. It will allocate up to 50% of its assets to stocks and at least 25% to debt and money market instruments with an average maturity of 1 to 7 years. |
| Nippon India Multi-Asset Fund | Very High | 17.67% | NA | ₹1,448 | The scheme aims for long-term capital growth by investing in a mix of stocks, debt, money market instruments, and permitted investments like Exchange Traded Commodity Derivatives and Gold ETF, as allowed by SEBI. |
| Nippon India Balanced Advantage Fund | Very High | 11.81% | 11.36% | ₹6,957 | The scheme aims to benefit from stock market growth while actively managing risk by investing in stocks and using debt, money market instruments, and derivatives. |
| Nippon India Equity Savings Fund | Moderate | 11.63% | 2.48% | ₹236 | The scheme aims to make money through arbitrage and stocks while also investing in debt securities and money market instruments for income and capital growth. |
| Nippon India Hybrid Bond Fund | High | 9.79% | 4.22% | ₹775 | The main goal of the scheme is to provide regular income for distributing dividends to unitholders, with a secondary objective of growing capital. |
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Highlights of Nippon India Asset Management Company Limited (AMC)
| Particulars | Details |
| Name of Mutual Fund House | Nippon India Mutual Fund |
| Incorporate On | June 30 1995 |
| Investment Objectives of NIMF |
|
| Sponsor Institution | Nippon Life Insurance Company |
| Trustee Organisation | Nippon Life India Asset Management Limited (formerly, Reliance Nippon Life Asset Management Limited) |
| MD & CEO | Mr Sundeep Sikka |
| CIO |
|
Documents Required to Invest in Nippon India Mutual Fund Schemes
The documents required to invest in Nippon India mutual fund schemes are listed below:
| Particulars | Documents Required |
| ID Proof |
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| Address Proof |
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| Mandatory Documents |
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| Other Documents |
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Types of Funds
Steps to Invest in Nippon India Mutual Fund Schemes
Follow the steps mentioned below to start investing in Nippon India mutual fund schemes:
Step 1: KYC (Know Your Customer)
Ensure you have completed your KYC (Know Your Customer) process. This involves providing necessary documents such as identity proof, address proof, and a passport-sized photograph to any KYC registration agency or to the mutual fund distributor.
Step 2: Select a Scheme
Decide which Nippon India Mutual Fund scheme you want to invest that aligns with your financial goals and risk tolerance. Nippon India offers a range of schemes, including equity funds, debt funds, hybrid funds, and more.
Step 3: Check Fund Details
Research the selected mutual fund scheme thoroughly. Review its historical performance, expense ratio, risk factors, and investment objective. This information is available in the scheme's offer document or on the Nippon India Mutual Fund website.
Step 4: Choose an Investment Mode
You can invest in Nippon India Mutual Fund schemes through various modes:
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Lump sum (one-time investment)
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Systematic Investment Plan (SIP)
Step 5: Complete the Application Form
Whether you are investing online or offline, you will need to fill out an application form for the chosen scheme. Provide accurate information, including your personal details, investment amount, and bank details.
Step 6: Payment Method
If you are investing offline, make the payment through a cheque or Demand Draft (DD) in favour of the chosen scheme. If you are investing online, you can make the payment through net banking, UPI, or other online payment methods.
Step 7: Submit Documents
If investing offline, submit the application form, KYC documents, and payment to the Nippon India Mutual Fund branch or distributor. For online investments, upload the necessary documents as per the online platform's instructions.
Step 8: Acknowledgment and Statement
After your investment is processed, you will receive an acknowledgement or confirmation from Nippon India Mutual Fund. Keep this document for your records. You will also receive periodic statements showing your investments and their performance.
Step 9: Monitor Your Investments
Regularly monitor the performance of your investments in Nippon India Mutual Fund schemes. You can access your account online to track your holdings and returns.
Step 10: Additional Investments
If you want to invest more in the same scheme or other Nippon India Mutual Fund schemes, you can do so by following the same process.
Calculate SIP Returns from Nippon India Mutual Fund Schemes
The Policybazaar SIP calculator can help you to show the estimated returns you can earn from your SIP investment in the Nippon India Mutual Fund scheme.
The returns will vary depending on the following details:
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The amount you invest
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The number of years you invest for
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The expected rate of return
NOTE: The actual returns you earn from your SIP investment may vary from the estimated returns. This is because the actual returns of a mutual fund scheme will depend on the performance of the underlying securities in the scheme.
FAQ's
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Is Nippon India mutual fund good?
Nippon India Mutual Fund is a good option for investors looking for a well-managed mutual fund house with a proven track record of performance. It is one of the largest mutual fund houses in India, with assets under management (AUM) of over ₹2.9 trillion. Nippon India Mutual Fund has a wide range of funds, catering to different investor needs and risk profiles. It has a good track record of performance. -
What is the return of Nippon mutual fund for 5 years?
The return of the Nippon mutual fund for 5 years depends on the specific fund plan. However, here are some of the 5-year returns of some of the top-performing Nippon mutual funds:-
Nippon India Small Cap Fund: 24.92%
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Nippon India Large Cap Fund: 15.43%
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Nippon India Index Fund: 13.05%
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Nippon India Multi Cap Fund: 18.68%
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Nippon India Retirement Fund: 11.06%
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Is Nippon India owned by Reliance?
No, Nippon India is not owned by Reliance. Nippon India Mutual Fund is sponsored by Nippon Life Insurance Company of Japan and Nippon Life India Trustee Limited (NLITL) is the trustee. Reliance Industries Limited sold its stakes of Nippon India Mutual Fund to Nippon Life Insurance Company in 2019. -
What is the rate of the Nippon India fund?
The rate of return of Nippon India mutual fund schemes is as follows:Fund Name Fund Category 1-Year Returns 5-Year Returns Nippon India Large Cap Fund Equity 24.3% 15.43% Nippon India Small Cap Fund Equity 37.4% 24.92% Nippon India Multi Cap Fund Equity 31.11% 18.68%
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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