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Nippon India Mutual Fund is among India's top asset management companies with an Assets Under Management (AUM) of Rs. 2,79,369 crore (as of May 31 2022 ). The company was earlier called Reliance Mutual Fund when Japan-based insurer Nippon LIfe Insurance Company was in a joint venture with Reliance Capital. Later, Nippon Life increased its stake to 75% in the joint venture. It was renamed to Nippon India Mutual Fund in September 2019. It was the first mutual fund company to be listed on stock exchanges in 2017.
It was registered with the Securities and Exchange Board of India (SEBI) in June 1995. The company's vision is: "To consistently create a better financial future for investors by using the best of our local and global capabilities"
#5 of 16 in Small Cap
Fund Size
₹21,655 Crs
5 Yrs Return
28.92%
ETM Rank
#5 of 16 in Small Cap
#11 of 20 in Mid Cap
Fund Size
₹13,225 Crs
5 Yrs Return
23.35%
ETM Rank
#11 of 20 in Mid Cap
#11 of 33 in Multi Cap
Fund Size
₹13,224 Crs
5 Yrs Return
21.11%
ETM Rank
#11 of 33 in Multi Cap
#6 of 13 in Focused
Fund Size
₹6,193 Crs
5 Yrs Return
20.21%
ETM Rank
#6 of 13 in Focused
#16 in ELSS
Fund Size
₹12,041 Crs
5 Yrs Return
14.34%
ETM Rank
#16 in ELSS
#3 in Dynamic Asset Allocation
Fund Size
₹6,519 Crs
5 Yrs Return
12.45%
ETM Rank
#3 in Dynamic Asset Allocation
#29 in Aggressive Hybrid
Fund Size
₹3,010 Crs
5 Yrs Return
10.8%
ETM Rank
#29 in Aggressive Hybrid
#15 in Conservative Hybrid
Fund Size
₹194 Crs
5 Yrs Return
7.46%
ETM Rank
#15 in Conservative Hybrid
#1 in Arbitrage
Fund Size
₹9,331 Crs
5 Yrs Return
5.09%
ETM Rank
#1 in Arbitrage
#8 in Gilt
Fund Size
₹1,154 Crs
5 Yrs Return
6.95%
ETM Rank
#8 in Gilt
#11 in Banking and PSU
Fund Size
₹4,242 Crs
5 Yrs Return
6.82%
ETM Rank
#11 in Banking and PSU
#4 in Short Duration
Fund Size
₹6,622 Crs
5 Yrs Return
6.8%
ETM Rank
#4 in Short Duration
#5 in Medium to Long Duration
Fund Size
₹222 Crs
5 Yrs Return
6.71%
ETM Rank
#5 in Medium to Long Duration
#5 in Floater
Fund Size
₹9,944 Crs
5 Yrs Return
6.62%
ETM Rank
#5 in Floater
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Mutual Fund Name | Nippon India Mutual Fund |
Founded | Jun 30, 1995 |
Trustee Organisation | Reliance Capital Trustee Company Ltd |
MD and CEO | Sundeep Sikka |
Compliance Officer | Milind Nesarikar |
The documents for KYC (Know Your Client) include proof of address and proof of identity. Here is a list of officially valid documents (OVD) admissible.
While these are some of the standard document list, submitting all of these documents is a tedious process and can procrastinate your plan of investing. This is where ET Money offers you a paperless and fast solution.
You can submit your KYC in under two minutes by uploading the photos of your identity and address proofs. This includes PAN and any one of Aadhaar, Voter ID, Driving License & Passport along with your signature, a selfie and a live video, authenticating your identity. ET Money's quick KYC application makes investing easy and hassle-free.
It takes about 3-5 working days to get your KYC verified as the verification is done by government certified agencies.
To invest in Nippon India Mutual Fund online, you can try any of the three methods mentioned below:
1. Visit AMC's official website
2. Through a mutual fund distributor or broker
3. Register yourself on the ET Money platform
To invest in Nippon India Mutual Fund through its official website. If you don’t have a login id and password, register with the website to create an account using your PAN card and KYC details.
However, investing through asset management company's website can become a hassle if you want to put your money in multiple mutual fund schemes from various fund houses. You may find it difficult to track or manage your investments.
The second option to invest in Nippon India Mutual Fund is by contacting a mutual fund distributor or broker. However, you may pay a higher expense ratio in this case, as the agent is paid a commission, which may bring down your overall returns.
The simplest and most affordable way to invest in Nippon India Mutual Fund is through the ET Money platform, and you can do this using the website or the app. Once you sign up, you can invest in schemes from different AMCs, and that too, at a lower expense ratio since ET Money is a direct investment platform. That’s not all; you can track your existing portfolio on ET Money, and also view all your old and new investments in one place.
For any query regarding any schemes offered by Nippon India Mutual Fund, please contact at the following address:
Registered Address | NG-1 & 1A, North Block, Manipal Centre,Dickenson Road, Bangalore - 560042. Branch Timing (9 am - 6 pm) |
Call us at | 1800-300-11111 |
N.A. |
Mr. Sailesh Raj Bhan: Deputy CIO - Equity
Mr. Sailesh Raj Bhan has over 24 years of experience in Indian Equity Markets. He manages the largest pharma sector fund in India since its inception in 2004. He also manages the flagship diversified equity schemes like Nippon India Multi-Cap Fund and Nippon India Large Cap Fund. Additionally, he also advises on the international mandates for some strategies for the last 5 years.
Mr.Sanjay Parekh: Senior Fund Manager - Equity
Mr. Sanjay Parekh has over 24 years of experience in equity research and fund management. Prior to joining Nippon India Mutual Fund in 2012, he was associated with ICICI Prudential Asset Management Limited (as Senior Fund Manager) and ASK Investment Managers Limited (as Head of Investments). He manages Nippon India Equity Hybrid Fund, Nippon India Retirement Fund, and Nippon India Equity Savings Fund.
Are Nippon India Mutual Fund schemes safe to invest in?
Mutual funds are market-linked investment instruments. That is, their performance is highly dependent on market movements, and hence, the safety of your capital cannot be guaranteed by the asset management company. The Net Asset Value of your Nippon India Mutual Fund investments can also rise and fall as per market fluctuations. However, all mutual funds in India are SEBI-regulated, which makes them relatively safer investments. Also, you can look at the risk-o-meter to know whether a mutual fund scheme carries high, moderate or low risk before deciding to invest in it.
Which Nippon India Mutual Fund scheme is the best for short-term investment?
Generally, a tenure of up to three years refers to short-term investment. For such a short period, you should consider debt funds. While investing in debt funds, make sure to match your investment horizon with the average portfolio maturity of the fund. For example, you can consider overnight funds if the investment is just for a few days. If your investment is up to three months, liquid funds are suitable. Remember, low duration funds are mandated to hold instruments with an average maturity ranging between six and 12 months. And, short duration funds hold securities that mature between one and three years.
Are Nippon India Mutual Fund schemes tax-free?
Mutual fund returns are taxed as per their category, and the tax levied on them is known as capital gains tax. Below is the table depicting the taxation rates for various types of mutual funds and capital gains:
Mutual Fund Type |
Holding Period |
Type of capital gains tax |
Tax Liability |
Debt-oriented |
Less than 36 months |
STCG |
As per the investor's income tax slab rate |
Equity-oriented |
Less than 12 months |
STCG |
15% |
Debt-oriented |
Greater than 36 months |
LTCG |
20% with indexation |
Equity-oriented |
Greater than 12 months |
LTCG |
10% for amounts exceeding Rs 1 Lakh |
How can I cancel the ongoing SIP in a Nippon India Mutual Fund scheme?
If you wish to discontinue your ongoing SIP with Nippon India Mutual Fund, you must visit the mutual fund's official website or the online investing portal you used to create the SIP mandate. Log in to your account and select the investment you wish to cancel. Follow the instructions to stop the SIP. You can also visit the AMC branch and submit a request to discontinue the SIP.
How can I get the Nippon India Mutual Fund statement?
One option is to log on to Nippon India Mutual Fund's website and request a statement. You can also go to CAMS Online or Kfintech and request a consolidated statement by email.
A better option is to get a statement on ET Money. Once you request a statement on ET Money, the platform creates a customized dashboard for you. Whenever you wish, you can then check your entire portfolio just by logging onto ET Money.
On the website, after signing up, hover on the profile icon on the top right. From the drop-down menu, select the option Track external mutual funds . Complete the ensuing process, and you can see your portfolio on the ET Money platform. This is a one-time process. Every time you want to track or check your portfolio, log onto ET Money, and it will display a dashboard that shows your entire portfolio and its performance.
To access on app, click the following link after logging in: https://etmoney.onelink.me/unJQ/oq97j0iz
How can I increase the SIP amount of Nippon India mutual funds?
There are two ways of doing this. The first option is to choose the top-up SIP option when starting your investment . This lets you increase the SIP amount automatically by a predefined percentage (say 25%) or amount (say Rs 3,000) at regular intervals, like quarterly or annually. The other option is to start a new SIP in the same fund to increase the investment amount.
Disclaimer: Data Sources include ACE MF, AMFI and Fund House's website. Data as of May end, unless mentioned otherwise.
Sources: ACE MF (Data as of May-end)