Nippon India Mutual is one of the largest mutual fund houses by asset size in India, with Average Assets Under Management (AAUM) of Rs 279431.37 Cr (Apr 2022 to Jun 2022 QAAUM) and Rs. 182.57 lakhs folios (as on 30th June 2022). NIMF was registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995.
Nippon India Mutual Fund, formerly Reliance Mutual Fund, is a joint venture between Reliance Capital and Japan’s Nippon Life Insurance company. However, the name of the fund house was changed from Reliance Mutual Fund to Nippon India Mutual Fund on 28 September 2019 after Nippon bought Reliance’s stake.
Nippon India Mutual Fund offers investors a well-diversified portfolio of products to fulfill varying investor requirements. The company offers a myriad of schemes across fund categories – equity, debt, gold, liquid, as well as retirement funds and ETFs. Some of the services it provides include mutual fund investment, portfolio management, financial planning, and advisory services to individuals, institutions and private funds.
Residents as well as NRIs can invest in Mutual Funds in India to grow their wealth. Following are different mutual fund schemes for resident and NRI investors.
Nippon India Equity Mutual Funds
You can invest your money in equity and equity related mutual funds by Nippon India Mutual Funds:
| Funds | Fund Size | Return (p.a.) | VRO Rating |
|---|---|---|---|
| Nippon India Consumption Fund | Rs. 241 cr | 28.89% | 5* |
| Nippon India Multi Cap Fund | Rs. 13,224 cr | 18.23% | NA |
| Nippon India Small Cap Fund | Rs. 21,655 cr | 14.4% | 4* |
| Nippon India Power & Infra Fund | Rs. 1825 cr | 13.52% | 2* |
| Nippon India Growth Fund | Rs. 13,225 cr | 10.68% | 4* |
| Nippon India Banking & Financial Services Fund | Rs. 3,663 cr | 8.65% | 3* |
| Nippon India Large Cap Fund | Rs. 12,193 cr | 8.49% | 2* |
| Nippon India Nifty Midcap 150 Index Fund | Rs. 502 cr | 7.5% | NA |
| Nippon India Nifty Next 50 Junior BeES FoF | Rs. 148 cr | 5.73% | 4* |
| Nippon India Focused Equity Fund | Rs. 6,193 cr | 4.17% | 3* |
Also Read: Reliance NRI Equity Fund
Nippon India Debt Mutual Funds
You can invest your money in Nippon India Debt and Debt related mutual funds:
| Funds | Fund Size | Return (p.a.) | VRO Rating |
|---|---|---|---|
| Nippon India Ultra Short Duration Fund | Rs. 4,931 cr | 4.96% | 2* |
| Nippon India Money Market Fund | Rs. 10,728 cr | 4.55% | 5* |
| Nippon India Liquid Fund | Rs. 27,189 cr | 4.44% | 3* |
| Nippon India Overnight Fund | Rs. 10,604 cr | 4.4% | 3* |
| Nippon India Low Duration Fund | Rs. 7,771 cr | 4.18% | 4* |
| Nippon India Credit Risk Fund | Rs. 1,030 cr | 3.94% | 2* |
| Nippon India Income Fund | Rs. 222 cr | 3.91% | 3* |
| Nippon India Corporate Bond Fund | Rs. 1,653 cr | 3.71% | 5* |
| Nippon India Floating Rate Fund | Rs. 9,994 cr | 3.18% | NA |
| Nippon India Short-term Fund | Rs. 6,622 cr | 2.96% | 4* |
Nippon India Hybrid Fund
Residents and NRIs can also invest their money in Hybrid and Hybrid related instruments through Nippon India Hybrid Funds.
| Funds | Fund Size | Return (p.a.) | VRO Rating |
|---|---|---|---|
| Nippon India Asset Allocator FoF | Rs. 104 cr | 7.32% | NA |
| Nippon India Balanced Advantage Fund | Rs. 6,519 | 6.37% | 3* |
| Nippon India Arbitrage Fund | Rs. 9,331 cr | 4.42% | 4* |
| Nippon India Hybrid Bond Fund | Rs. 728 cr | 4.38% | 1* |
| Nippon India Equity Hybrid Fund | Rs. 3010 cr | 2.98% | 1* |
| Nippon India Retirement Fund – Income Generation Scheme | Rs. 194 cr | 2.03% | 2* |
| Nippon India Equity Savings Fund | Rs. 201 cr | 1.78% | 1* |
| Nippon India Multi Asset Fund | Rs. 1,147 cr | -1.84% | NA |
| Nippon India Silver ETF FoF | Rs. 169 cr | NA | NA |
Key Information
| Mutual Fund | Nippon India Mutual Fund |
| Date of incorporation | 24 Feb 1995 |
| Setup date | 30 Jun 1995 |
| Trustee(s) | Nippon Life India Trustee Limited |
| Sponsor | Nippon Life Insurance Company |
| CEO & MD | Mr. Sundeep Sikka |
| CIO | Mr. Amit Tripathi (D) / Mr. Manish Gunwani (E) |
| Compliance Officer | Mr. Muneesh Sud |
| Investor Service Officer | Mr. Milind Nesarikar |
| Average Assets Under Management (AAUM) | Rs 279431.37 Crores (Apr 2022 to Jun 2022) |
How NRIs can invest in mutual funds in India
AMCs like Nippon India, UTI Mutual Fund and Navi Mutual Fund currently accept the digital declaration* from NRIs and the rest accept physical declaration. NRIs can invest in mutual funds in India from their country of residence. Here are the steps you need to follow:
NRIs and OCIs can download the SBNRI app to choose from 3000+ mutual fund schemes and invest in mutual funds from the country of their residence. Here are a few simple steps:
- Complete your KYC as an NRI: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/ electricity bill, postpaid mobile/ internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- Signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/ NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
* NRI investment in mutual funds in India is subject to certain terms and conditions, and AMCs change their policies from time to time.
SBNRI is an authorised Mutual Fund Distributor platform & registered with Association of Mutual Funds in India (AMFI). ARN No. 246671
Before investing in the Indian market, NRIs must consult market experts to make informed decisions. You can get detailed mutual fund advisory from experts at SBNRI. You can download SBNRI App from the Google Play Store or App Store to ask any questions related to mutual fund investment, NRI account opening online and tax filing in India. To ask any questions related to Mutual Funds, click on the button below. Also visit our blog and YouTube channel for more details.
