Nippon India Mutual Fund

AUM ₹ 488646 Cr

(As on Apr 2024)

No. of schemes 97

Name	Nippon Life India Asset Management Ltd
AUM	₹ 488646 Crores
Founded	30 June 1995
Incorporation Date	24 February 1995
Sponsor	Nippon Life Insurance Company
CIO	Mr. Amit Tripathi (D) / Mr. Manish Gunwani (E)
MD & CEO	Mr. Sundeep Sikka
Contact Number	022-33031000
Email Id	customer_care@reliancemutual.com
Website	https://mf.nipponindiaim.com/
Trustee	Reliance Capital Trustee Company Limited
Office Address	Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz (E), Mumbai- 400055

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.

Nippon

Funds	Rating	1 Yr Ret (%)	1 Yr Rank	Riskometer	Category	Expense Ratio (%)	Launch	Net Assets (Cr)
CPSE ETF	--	102.51	1/5	Very High	EQ-PSU	0.05	28/03/2014	39,197
Nippon India Annual Interval Series I Direct	--	7.14	4/12	Low	DT-FMP	0.10	01/01/2013	16.00
Nippon India Arbitrage Fund - Direct Plan	4	8.62	10/25	Low	HY-AR	0.37	01/01/2013	14,796
Nippon India Asset Allocator FoF - Direct Plan	5	31.36	6/27	Very High	HY-MAA	0.37	05/02/2021	222.00
Nippon India Balanced Advantage Fund - Direct Plan	3	23.26	16/32	Very High	HY-DAA	0.55	01/01/2013	7,928
Nippon India Banking & Financial Services Fund - Direct Plan	4	22.92	6/19	Very High	EQ-BANK	1.09	01/01/2013	5,542
Nippon India Banking & PSU Debt Fund - Direct Plan	3	6.77	10/21	Moderate	DT-BK & PSU	0.38	15/05/2015	5,451
Nippon India Consumption Fund - Direct Plan	5	42.62	1/11	Very High	EQ-Consumption	1.13	01/01/2013	769.00
Nippon India Corporate Bond Fund - Direct Plan	5	7.13	6/22	Moderate	DT-CB	0.35	01/01/2013	2,893
Nippon India Credit Risk Fund - Direct Plan	4	8.27	5/14	High	DT-CR	0.70	01/01/2013	1,024
Nippon India Credit Risk Fund - Segregated Portfolio 1 - Direct Plan	--	--	--	High	DT-CR	--		24.00
Nippon India Credit Risk Fund - Segregated Portfolio 2 - Direct Plan	--	--	--	High	DT-CR	--		--
Nippon India Dynamic Bond Fund - Direct Plan	2	6.64	20/25	Moderate	DT-DB	0.32	01/01/2013	4,554
Nippon India ELSS Tax Saver Fund - Direct Plan	2	40.61	10/37	Very High	EQ-ELSS	1.03	01/01/2013	14,932
Nippon India Equity Hybrid Fund - Direct Plan	2	28.09	18/44	Very High	HY-AH	1.20	01/01/2013	3,523
Nippon India Equity Hybrid Fund - Segregated Portfolio 1 - Direct Plan	--	--	--	Very High	HY-AH	--	25/09/2019	9.00
Nippon India Equity Hybrid Fund - Segregated Portfolio 2 - Direct Plan	--	--	--	Very High	HY-AH	--		--
Nippon India Equity Savings Fund - Direct Plan	1	12.24	18/22	Moderate	HY-EQ S	0.74	30/05/2015	433.00
Nippon India Equity Savings Fund - Segregated Portfolio 1 - Direct Plan	--	--	--	Low to Moderate	HY-EQ S	--	25/09/2019	26.00
Nippon India Equity Savings Fund - Segregated Portfolio 2 - Direct Plan	--	--	--	Low to Moderate	HY-EQ S	--		--
Nippon India ETF BSE Sensex	--	20.02	131/148	Very High	EQ-LC	0.04	24/09/2014	7,317
Nippon India ETF BSE Sensex Next 50	--	48.42	37/148	Very High	EQ-LC	0.23	30/07/2019	36.00
Nippon India ETF Gold BeES	--	19.43	19/26	High	Gold-Funds	0.79	08/03/2007	10,655
Nippon India ETF Hang Seng BeES	--	0.81	57/64	Very High	EQ-INTL	0.93	09/03/2010	502.00
Nippon India ETF Nifty 100	--	27.91	79/148	Very High	EQ-LC	0.50	22/03/2013	232.00
Nippon India ETF Nifty 1D Rate Liquid BeES	--	5.78	39/39	Low	DT-LIQ	0.69	08/07/2003	11,231
Nippon India ETF Nifty 50 BeES	--	23.06	96/148	Very High	EQ-LC	0.04	28/12/2001	24,793
Nippon India ETF Nifty 50 Shariah BeES	--	20.43	130/148	Very High	EQ-LC	0.96	18/03/2009	17.00
Nippon India ETF Nifty 50 Value 20	--	29.77	28/29	Very High	EQ-VAL	0.34	18/06/2015	124.00
Nippon India ETF Nifty 5 yr Benchmark G-Sec	--	6.55	12/31	Moderate	DT-GL	0.09	05/04/2021	146.00
Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt	--	6.47	19/31	Moderate	DT-GL	0.10	05/07/2016	1,714
Nippon India ETF Nifty Bank BeES	--	11.93	26/37	Very High	EQ-BANK	0.19	27/05/2004	6,421
Nippon India ETF Nifty CPSE Bond Plus SDL Sep 2024 50:50	--	7.06	2/95	Low	DT-TM	0.20	13/11/2020	1,648
Nippon India ETF Nifty Dividend Opportunities 50	--	45.08	25/61	Very High	EQ-THEMATIC	0.37	15/04/2014	49.00
Nippon India ETF Nifty India Consumption	--	35.99	6/16	Very High	EQ-Consumption	0.31	03/04/2014	48.00
Nippon India ETF Nifty Infrastructure BeES	--	52.52	17/21	Very High	EQ-INFRA	1.04	29/09/2010	106.00
Nippon India ETF Nifty IT	--	15.48	10/15	Very High	EQ-IT	0.22	26/06/2020	2,236
Nippon India ETF Nifty Midcap 150	--	51.25	13/45	Very High	EQ-MC	0.21	31/01/2019	1,378
Nippon India ETF Nifty Next 50 Junior BeES	--	58.32	16/148	Very High	EQ-LC	0.17	21/02/2003	4,262
Nippon India ETF Nifty PSU Bank BeES	--	71.77	3/37	Very High	EQ-BANK	0.49	25/10/2007	2,876
Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight	--	6.86	4/95	Low to Moderate	DT-TM	0.20	25/03/2021	7,460
Nippon India Fixed Horizon Fund XLIII - Series 1 - Direct Plan	--	6.97	15/78	Low to Moderate	DT-FMP	0.05	19/08/2021	209.00
Nippon India Fixed Horizon Fund XLIII - Series 5 - Direct Plan	--	6.95	17/78	Moderate	DT-FMP	0.05	02/03/2022	160.00
Nippon India Fixed Horizon Fund XLI - Series 8 - Direct Plan	--	6.99	12/78	Moderate	DT-FMP	0.11	26/04/2019	59.00
Nippon India Fixed Horizon Fund XLIV - Series 1 - Direct Plan	--	6.99	9/78	Low to Moderate	DT-FMP	0.07	21/09/2022	68.00
Nippon India Fixed Horizon Fund XLIV - Series 4 - Direct Plan	--	6.77	46/78	Low to Moderate	DT-FMP	0.05	07/12/2022	49.00
Nippon India Fixed Horizon Fund XLV - Series 4 - Direct Plan	--	6.76	50/78	Low to Moderate	DT-FMP	0.07	29/03/2023	106.00
Nippon India Fixed Horizon Fund XLV - Series 5 - Direct Plan	--	8.71	1/78	Moderately High	DT-FMP	0.10	31/03/2023	206.00
Nippon India Flexi Cap Fund - Direct Plan	--	38.04	21/75	Very High	EQ-FLX	0.45	16/08/2021	6,790
Nippon India Floating Rate Fund - Direct Plan	3	7.40	10/13	Moderate	DT-Floater	0.31	01/01/2013	7,946
Nippon India Focused Equity Fund - Direct Plan	3	29.71	60/75	Very High	EQ-FLX	1.18	01/01/2013	7,895
Nippon India Gilt Securities Fund - Direct Plan	3	7.32	12/23	Moderate	DT-GL	0.50	01/01/2013	1,867
Nippon India Gold Savings Fund - Direct Plan	2	19.49	11/13	High	Gold-Funds	0.13	01/01/2013	1,842
Nippon India Growth Fund - Direct Plan	4	52.81	9/39	Very High	EQ-MC	0.82	01/01/2013	26,822
Nippon India Hybrid Bond Fund - Direct Plan	1	9.45	29/31	High	HY-CH	1.16	01/01/2013	784.00
Nippon India Hybrid Bond Fund - Segregated Portfolio 1 - Direct Plan	--	--	--	Very High	HY-CH	--		34.00
Nippon India Hybrid Bond Fund - Segregated Portfolio 2 - Direct Plan	--	--	--	High	HY-CH	--		--
Nippon India Income Fund - Direct Plan	3	6.92	4/13	Moderate	DT-M to LD	0.67	01/01/2013	320.00
Nippon India Index Fund - BSE Sensex Plan - Direct Plan	2	19.74	87/93	Very High	EQ-LC	0.20	01/01/2013	658.00
Nippon India Index Fund - Nifty 50 Plan - Direct Plan	2	22.74	77/93	Very High	EQ-LC	0.20	01/01/2013	1,632
Nippon India Innovation Fund - Direct Plan	--	--	--	Very High	EQ-THEMATIC	0.81	29/08/2023	1,455
Nippon India Japan Equity Fund - Direct Plan	--	12.00	36/58	Very High	EQ-INTL	1.19	26/08/2014	304.00
Nippon India Large Cap Fund - Direct Plan	4	36.78	30/93	Very High	EQ-LC	0.74	01/01/2013	26,138
Nippon India Liquid Fund - Direct Plan	4	7.37	7/35	Moderate	DT-LIQ	0.20	01/01/2013	32,096
Nippon India Low Duration Fund - Direct Plan	4	7.36	11/20	Low to Moderate	DT-LD	0.37	01/01/2013	5,805
Nippon India Money Market Fund - Direct Plan	4	7.60	3/22	Low to Moderate	DT-MM	0.24	01/01/2013	14,775
Nippon India Monthly Interval Series I Direct	--	6.26	12/12	Low	DT-FMP	0.11	01/01/2013	3.00
Nippon India Monthly Interval Series II Direct	--	6.32	11/12	Low	DT-FMP	0.08	01/01/2013	4.00
Nippon India Multi Asset Fund - Direct Plan	3	31.58	5/27	Very High	HY-MAA	0.30	27/08/2020	3,120
Nippon India Multi Cap Fund - Direct Plan	--	47.78	5/19	Very High	EQ-MLC	0.82	01/01/2013	30,501
Nippon India Nifty 50 Value 20 Index Fund - Direct Plan	2	29.85	24/24	Very High	EQ-VAL	0.25	19/02/2021	642.00
Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund - Direct Plan	--	6.64	51/87	Moderate	DT-TM	0.15	29/03/2022	3,178
Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund - Direct Plan	--	6.64	50/87	Low to Moderate	DT-TM	0.20	27/10/2022	445.00
Nippon India Nifty Alpha Low Volatility 30 Index Fund - Direct Plan	--	46.74	23/93	Very High	EQ-LC	0.35	19/08/2022	318.00
Nippon India Nifty Auto ETF	--	67.45	3/61	Very High	EQ-THEMATIC	0.22	20/01/2022	140.00
Nippon India Nifty Bank Index Fund - Direct Plan	--	--	--	Very High	EQ-BANK	0.20	22/02/2024	104.00
Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund - Direct Plan	--	7.06	2/87	Moderate	DT-TM	0.20	19/12/2022	567.00
Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund - Direct Plan	--	6.41	80/87	Moderate	DT-TM	0.20	06/03/2023	109.00
Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund - Direct Plan	--	6.49	77/87	Low to Moderate	DT-TM	0.20	06/12/2022	404.00
Nippon India Nifty IT Index Fund - Direct Plan	--	--	--	Very High	EQ-IT	0.25	22/02/2024	100.00
Nippon India Nifty Midcap 150 Index Fund - Direct Plan	3	50.90	15/39	Very High	EQ-MC	0.30	19/02/2021	1,269
Nippon India Nifty Next 50 Junior BeES FoF - Direct Plan	3	58.40	6/93	Very High	EQ-LC	0.09	08/03/2019	382.00
Nippon India Nifty Pharma ETF	--	49.83	3/17	Very High	EQ-Pharma	0.21	02/07/2021	639.00
Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund - Direct Plan	--	6.68	38/87	Moderate	DT-TM	0.20	24/11/2022	354.00
Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund - Direct Plan	--	6.73	30/87	Moderate	DT-TM	0.20	20/02/2023	248.00
Nippon India Nifty Smallcap 250 Index Fund - Direct Plan	2	51.11	13/33	Very High	EQ-SC	0.35	16/10/2020	1,260
Nippon India Nivesh Lakshya Fund - Direct Plan	--	6.67	7/7	Moderate	DT-LONG D	0.30	06/07/2018	7,433
Nippon India Overnight Fund - Direct Plan	4	6.83	7/32	Low	DT-OVERNHT	0.08	18/12/2018	6,457
Nippon India Passive Flexicap FoF - Direct Plan	3	33.55	34/75	Very High	EQ-FLX	0.17	30/12/2020	230.00
Nippon India Pharma Fund - Direct Plan	3	50.28	3/12	Very High	EQ-Pharma	0.92	01/01/2013	7,133
Nippon India Power & Infra Fund - Direct Plan	3	72.27	3/19	Very High	EQ-INFRA	1.18	01/01/2013	5,043
Nippon India Quant Fund - Direct Plan	--	39.76	28/49	Very High	EQ-THEMATIC	0.50	01/01/2013	63.00
Nippon India Quarterly Interval Series I Direct	--	7.01	7/12	Low	DT-FMP	0.09	01/01/2013	3.00
Nippon India Quarterly Interval Series II Direct	--	7.37	2/12	Moderate	DT-FMP	0.03	01/01/2013	83.00
Nippon India Quarterly Interval Series III Direct	--	7.03	6/12	Moderate	DT-FMP	0.09	01/01/2013	5.00
Nippon India Retirement Fund - Income Generation Scheme - Direct Plan	1	11.37	21/31	Moderately High	HY-CH	1.04	11/02/2015	163.00
Nippon India Retirement Fund - Wealth Creation Scheme - Direct Plan	2	38.58	19/75	Very High	EQ-FLX	0.96	11/02/2015	3,091
Nippon India Short Term Fund - Direct Plan	4	7.15	7/25	Moderate	DT-SD	0.37	01/01/2013	5,497
Nippon India Silver ETF	--	22.42	8/15	Very High	Silver-Funds	0.51	02/02/2022	2,155
Nippon India Silver ETF FoF - Direct Plan	--	22.53	4/7	Very High	Silver-Funds	0.25	03/02/2022	279.00
Nippon India Small Cap Fund - Direct Plan	5	48.14	15/33	Very High	EQ-SC	0.68	01/01/2013	50,423
Nippon India Strategic Debt Fund - Direct Plan	5	6.61	12/16	Moderately High	DT-MD	0.51	26/06/2014	120.00
Nippon India Strategic Debt Fund - Segregated Portfolio 1 - Direct Plan	--	--	--	Moderate	DT-MD	--		6.00
Nippon India Strategic Debt Fund - Segregated Portfolio 2 - Direct Plan	--	--	--	Moderate	DT-MD	--		--
Nippon India Taiwan Equity Fund - Direct Plan	--	26.42	20/58	Very High	EQ-INTL	1.04	06/12/2021	425.00
Nippon India Ultra Short Duration Fund - Direct Plan	5	7.68	1/24	Moderate	DT-USD	0.38	01/01/2013	5,654
Nippon India Ultra Short Duration Fund - Segregated Portfolio 1 - Direct Plan	--	--	--	Moderate	DT-USD	--		24.00
Nippon India US Equity Opportunities Fund - Direct Plan	--	27.74	16/58	Very High	EQ-INTL	1.27	23/07/2015	661.00
Nippon India Value Fund - Direct Plan	3	51.03	6/24	Very High	EQ-VAL	1.14	01/01/2013	7,523
Nippon India Vision Fund - Direct Plan	2	45.49	6/27	Very High	EQ-L&MC	1.48	01/01/2013	4,536

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Key Information

Mutual Fund Name	Nippon India Mutual Fund
Inception Date	Jun 30, 1995
Trustee Organisation	Nippon Life India Trustee Limited
MD and CEO	Sundeep Sikka
Investors Relations Officer	Milind Nesarikar
AUM Updated On	Dec 31, 2023

Documents required to invest

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.

PROOF OF IDENTITY

- PAN Card (Mandatory)

- Voter ID Card

- Driving License

- Passport

- Aadhaar Card

- Any other valid identity card issued by Central or State Government

PROOF OF ADDRESS

- Voter ID Card

- Driving License

- Passport

- Ration Card

- Aadhaar Card

- Bank account statement or bank passbook

- Utility bills like electricity or gas bills

Customer Care Details

For any query regarding any schemes offered by Nippon India Mutual Fund, please contact at the following address:

Registered Address	4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400013. Branch Timing (9 am – 6 pm)
Email	N.A.

Top Fund Managers

Mr. Ashwani Kumar

With a wealth of experience in wealth management since 2003, Mr. Ashwani Kumar plays a pivotal role as the Senior Fund Manager in Equity Investments at Nippon India Mutual Funds (NIMF). Graduating from the University of Pune and holding an MBA in Finance, he brings a global perspective, having previously worked at Zurich Asset Management Co. Ltd. Mr. Kumar’s innovative money management techniques have significantly contributed to NIMF’s leadership in the Indian Mutual Funds sector. Outside of finance, he enjoys a passion for cricket.

Mr. Sailesh Raj Bhan

Mr. Sailesh Raj Bhan, with over a decade of experience at Nippon India Mutual Funds (NIMF) and a total of 25 years in Nippon India Nippon Life Asset Management Limited, holds a prominent position as the Deputy CIO. He has successfully managed the Nippon India Multi Cap Fund, overseeing approximately $1.5 billion in assets. Mr. Bhan’s expertise extends to managing the Nippon India Consumption Fund and providing insights into international markets, making him a well-known figure in India’s wealth management landscape.

Mr. Samir Rachh

With an extensive career spanning 29 years in asset and capital management, Mr. Samir Rachh brings a wealth of expertise to Nippon India Mutual Fund (NIMF). Graduating from the University of Mumbai, he has previously served as Assistant Editor of Capital Market Magazine and managed his own firm, Anvicon Research. Renowned for his expertise in Mid Cap and Small Cap stocks, Mr. Rachh has made significant contributions during his 12-year tenure at NIMF.

Mr. Sanjay Parekh

Mr. Sanjay Parekh, with 24 years of experience in Equity Research and Fund Management, holds a senior role as the Senior Fund Manager in Equity Investments at Nippon India Mutual Fund (NIMF). Prior to joining NIMF, he held high-profile positions at ICICI Prudential Asset Management Company Ltd. and ASK Investment Managers Ltd. Mr. Parekh’s influential presence in the industry underscores his substantial contributions to his business circles.

Ms. Meenakshi Dawar

Ms. Meenakshi Dawar, a B.Tech graduate from IGIT-Delhi and a PGDM from the Indian Institute of Management, Ahmedabad, brings a strong research background in Fund Management and Equity to Nippon India Mutual Fund (NIMF). With a decade-long tenure at NIMF, she is highly regarded for her role in managing the Nippon India Value Fund and Nippon India Vision Fund. Ms. Dawar’s pioneering career includes multiple product launches at IDFC and her previous role as an Equity Research Analyst at ICICI Securities.

Mr. Manish Gunwani

As the Chief Investment Officer of Equity Investments at Nippon India Mutual Fund (NIMF), Mr. Manish Gunwani, an alumnus of IIT Chennai and IIM Bangalore, brings over 21 years of experience in Equity and Fund management. With a track record of managing flagship funds and expertise in Small and Medium Caps, he has played a transformative role at NIMF. Mr. Gunwani’s global perspective and industry-leading research make him a prominent figure in the equity landscape.