Nippon India Mutual Fund

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
Nippon India Mutual Fund

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:

FundsFund SizeReturn (p.a.)VRO Rating
Nippon India Consumption FundRs. 241 cr28.89%5*
Nippon India Multi Cap FundRs. 13,224 cr18.23%NA
Nippon India Small Cap FundRs. 21,655 cr14.4%4*
Nippon India Power & Infra FundRs. 1825 cr13.52%2*
Nippon India Growth FundRs. 13,225 cr10.68%4*
Nippon India Banking & Financial Services Fund Rs. 3,663 cr8.65%3*
Nippon India Large Cap FundRs. 12,193 cr8.49%2*
Nippon India Nifty Midcap 150 Index FundRs. 502 cr7.5%NA
Nippon India Nifty Next 50 Junior BeES FoFRs. 148 cr5.73%4*
Nippon India Focused Equity FundRs. 6,193 cr4.17%3*
Nippon India Equity Mutual Fund

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:

FundsFund SizeReturn (p.a.)VRO Rating
Nippon India Ultra Short Duration FundRs. 4,931 cr4.96%2*
Nippon India Money Market FundRs. 10,728 cr4.55%5*
Nippon India Liquid FundRs. 27,189 cr4.44%3*
Nippon India Overnight FundRs. 10,604 cr4.4%3*
Nippon India Low Duration FundRs. 7,771 cr4.18%4*
Nippon India Credit Risk FundRs. 1,030 cr3.94%2*
Nippon India Income FundRs. 222 cr3.91%3*
Nippon India Corporate Bond FundRs. 1,653 cr3.71%5*
Nippon India Floating Rate FundRs. 9,994 cr3.18%NA
Nippon India Short-term FundRs. 6,622 cr2.96%4*
Nippon India Debt Mutual Fund

Nippon India Hybrid Fund

Residents and NRIs can also invest their money in Hybrid and Hybrid related instruments through Nippon India Hybrid Funds.

FundsFund SizeReturn (p.a.)VRO Rating
Nippon India Asset Allocator FoFRs. 104 cr7.32%NA
Nippon India Balanced Advantage FundRs. 6,5196.37%3*
Nippon India Arbitrage FundRs. 9,331 cr4.42%4*
Nippon India Hybrid Bond FundRs. 728 cr4.38%1*
Nippon India Equity Hybrid FundRs. 3010 cr2.98%1*
Nippon India Retirement Fund – Income Generation SchemeRs. 194 cr2.03%2*
Nippon India Equity Savings FundRs. 201 cr1.78%1*
Nippon India Multi Asset FundRs. 1,147 cr-1.84%NA
Nippon India Silver ETF FoFRs. 169 crNANA
Nippon India Hybrid Mutual Fund

Key Information

Mutual FundNippon India Mutual Fund
Date of incorporation24 Feb 1995
Setup date30 Jun 1995
Trustee(s)Nippon Life India Trustee Limited
SponsorNippon Life Insurance Company
CEO & MDMr. Sundeep Sikka
CIOMr. Amit Tripathi (D) / Mr. Manish Gunwani (E)
Compliance OfficerMr. Muneesh Sud
Investor Service OfficerMr. 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. 

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