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Nippon Life India Mutual Funds

About Nippon India Mutual Fund

Formerly known as Reliance Mutual Fund, Nippon India Mutual Fund (NIMF) was set up in June 1995 as a joint venture between India-based Reliance Capital and Japan-based Nippon Life Insurance company. In October 2019, Nippon bought Reliance's stake and renamed the fund house Nippon India Mutual Fund. The AMC became the first one to be listed on the stock exchanges in 2017.

Nippon Life India Asset Management Limited (NAM India) is the asset manager of NIMF. NAM India's promoters, Reliance Capital Limited and Nippon Life Insurance Company hold 75.93% of its total issued and paid-up equity share capital.

As of 31st May 2022, Nippon India Mutual Fund managed assets worth Rs. 2,79,369 crore spanning mutual funds, assets across, alternative investments, pension funds, and offshore funds. As of the same date, Nippon Mutual Fund offered 175 primary schemes of which, 34 were equity, 111 debt, 13 hybrid, and others including commodity schemes were 17. As of January 2022, the AMC had a presence in 272 locations across India. It holds 7.25% of the industry AUM.

Nippon India Mutual Fund Asset Management Company Key Information

Founding date 30th June 1995
AMC Incorporation date 24th February 1995
Headquarters in Mumbai
Name of the sponsors Nippon Life Insurance Company
Trustee organisation Nippon Life India Trustee Limited
MD and CEO Mr Sundeep Sikka
Chief Investment Officer Mr Amit Tripathi, Mr Manish Gunwani
Compliance Officer Mr Muneesh Sud, Mr Nilesh Pednekar

Nippon India Mutual Fund Manager


Mr Sailesh Raj Bhan


Associated with Nippon India Mutual Fund for over 10 years now, Bhan is also the Deputy CIO at NIMF. He manages the Nippon India Multi Cap Fund, which has an AUM of ~Rs. 12,430 crore, the Nippon India Consumption Fund and also advises on international markets.


Ms Meenakshi Dawar



Mr Sanjay Parekh


How to Invest in Nippon India Mutual Fund?

Investing in the Nippon India Mutual Fund is a quick and convenient process on Angel One. Follow these steps:

Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.

Note:You can open your Angel One demat account in under a few minutes by submitting the required documents if you do not have one.

Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:

  1. Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
  2. Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests in. You can also calculate the potential returns using the calculator.
  3. Evaluate the fund’s level of risk and weigh it against your risk tolerance.
  4. Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.
  5. Consider the fund’s expense ratio to get an idea about the cost of investing in it.

Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.

  1. Decide whether your want to invest in a lump sum or via monthly SIP.
  2. Next, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking.
  3. After placing the order, in case of the SIP route of investment, you can create a mandate to make hassle-free future instalments.
Top 5 Nippon India Mutual Funds to Invest in
Name Sub Category AUM (Rs. in crore) Minimum Lumpsum (Rs.) CAGR 3Y (%) CAGR 5Y (%)
Nippon India Small Cap Fund Small Cap Fund 23756.50 5000 54.46 17.38
Nippon India Pharma Fund Sectoral Fund - Pharma & Health Care 4421.86 5000 28.27 16.20
Nippon India Growth Fund Mid Cap Fund 13492.04 100 37.91 14.97
Nippon India Consumption Fund Sectoral Fund - Consumption 304.57 5000 36.16 14.80
Nippon India Multi Cap Fund Multi Cap Fund 14030.50 100 40.71 13.71

Disclaimer: The above-mentioned top funds are for informational purposes only and are not recommendations. The funds are based on 5-yr CAGR dated 20th March 2023, which is subject to change frequently. Check out real-time data in the Mutual Funds section on Angel One.

1. Nippon India Small Cap Fund

Having an AUM of Rs. 23756.50 crore, Nippon India Small Cap Fund is the best Nippon Mutual Fund based on the 5-yr CAGR. It has an expense ratio of 0.86% and a tracking error of 4.45%. Its benchmark is Nifty Smallcap 250 - TRI.

2. Nippon India Pharma Fund

A sectoral fund in the pharma and health care category, Nippon India Pharma Fund tracks the S&P BSE Health Care - TRI index. It has an AUM of Rs. 4421.86 crore. The fund has a tracking error of 3.48% and an expense ratio of 1.26%.

3. Nippon India Growth Fund

This is a mid cap fund with an AUM of Rs. 13,492.04 crore. It has an expense ratio of 1.14%. Nifty Midcap 150 - TRI is the fund’s benchmark index. It has a tracking error of 3.93%.

4. Nippon India Consumption Fund

Having an AUM of Rs. 304.57 crore, Nippon India Consumption Fund is a sectoral fund that tracks Nifty India Consumption - TRI index. It has a tracking error of 6.69% and an expense ratio of 1.76%.

5. Nippon India Multi Cap Fund

This is a multi cap fund by Nippon MF having an AUM of Rs. 14,030.50 crore. The fund tracks the benchmark Nifty500 Multicap 50:25:25 - TRI and has a tracking error of 3.66%. It has an expense ratio of 1.12%.


Should I invest in the Nippon India Mutual Fund scheme?

Whether you should invest in Nippon India Mutual Fund schemes or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

How to start Nippon India Mutual Fund SIP online?
There are two ways to do this. For a hassle-free investing experience, you can invest in Nippon India Mutual Fund SIP online through Angel One app or web platform. This will allow you to track all your investments in one place. Alternatively, you can start investing in Nippon India Mutual Fund SIP online through AMC’s official website.
How to redeem Nippon India Mutual Fund online?
There are two ways of doing this. You can initiate your redemption request by visiting Angel One web platform or app. Alternatively, you can also redeem your investments by visiting the AMC website.
How much time does it take to redeem Nippon India Mutual Fund?
The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.
What are the redemption charges of Nippon India Mutual Fund?
This depends on the individual scheme’s exit load. For more details, you can read the mutual fund scheme document.
How to increase the SIP amount in Nippon India Mutual Fund?
You can increase the SIP amount in Nippon India Mutual Fund in two ways. First, by visiting the AMC's website. Second, go to the Mutual Funds section on or the Angel One App.
How can I get the Nippon India Mutual Fund statement?
You can get the Nippon India Mutual Fund account statement on Angel One App or web platform. Simply head to the Mutual Fund section. Alternatively, you can get the statement by visiting the AMC’s official website.
Are Nippon India Mutual Fund schemes tax-free?
Nippon India Mutual Fund is an ELSS (Equity Linked Savings Scheme) fund from the Nippon India Mutual Fund. This allows you to claim a tax deduction of up to Rs. 1.5 lakh per financial year under Section 80C of the Income Tax Act, 1961. You can deduct this from your total income.

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