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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 March 31, 2023, Nippon India Mutual Fund managed assets worth ₹2.93 lakh crore spanning mutual funds, assets across alternative investments, pension funds, and offshore funds. As of the same date, Nippon Mutual Fund offered 59 primary schemes, of which 34 were equity, 22 debt, and 3 others, including liquid and gold schemes. It ranks at the 4th in terms of industry AUM.

Nippon India Mutual Fund 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

How to Invest in Nippon India Mutual Fund via Angel One?

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. 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.

Documents Required To Invest in Nippon India Mutual Fund

Investing in Nippon India Mutual Funds through Angel One is a hassle-free and fully digital process, making it easy for both new and returning investors. To get started, you’ll need to provide the following essential documents:

  1. PAN Card Details (Mandatory)
  2. Personal Information (Full Name, Mobile Number, Email Address)
  3. Address Proof – We recommend using your Aadhar Card, including both the front and back sides.
  4. Bank Account Details, with a cancelled cheque if necessary.
  5. Nominee details and FATCA Declarations.

Our user-friendly platform simplifies KYC verification, allowing you to access Nippon India  Mutual Funds swiftly and efficiently. Your financial goals are now well within reach. In just 48-72 business hours, your KYC process will be completed, and you can start your mutual fund journey with confidence.

Top 10 Nippon India Mutual Fund to Invest

Name Sub Category AUM (₹in crore) Minimum Investment (₹) CAGR 3Y (%) CAGR 5Y (%)
Nippon India Small Cap Fund Small Cap Fund 36539.54 100 44.15 26.73
Nippon India Power & Infra Fund Sectoral Fund – Energy & Power 2544.8 100 39.39 21.47
Nippon India Multi Cap Fund Multi Cap Fund 20192.21 100 38.71 19.63
Nippon India Growth Fund Mid Cap Fund 18343.36 100 34.31 23.19
Nippon India Banking & Financial Services Fund Sectoral Fund – Banks & Financial Services 4487.06 1500 33.69 14.62
Nippon India Large Cap Fund Large Cap Fund 15855.02 100 30.94 16.16
Nippon India Consumption Fund Sectoral Fund – Consumption 515.84 1500 29.47 20.96
Nippon India Focused Equity Fund Focused Fund 6976.5 5000 29.18 17.52
Nippon India Value Fund Value Fund 5574.51 500 29.07 18.37
Nippon India Tax Saver (ELSS) Fund Equity Linked Savings Scheme (ELSS) 12543.76 500 28.14 12.25

**All data as of October 4, 2023. Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

Nippon India Small Cap Fund

This fund falls under the category of Small Cap Funds. It predominantly invests in small-cap stocks. The fund has an Asset Under Management (AUM) of ₹36539.54 crore and charges an expense ratio of 0.72%. Over the past 3 years, it has achieved a Compound Annual Growth Rate (CAGR) of 44.15%. You can start investing with a minimum amount of ₹100.

Nippon India Power & Infra Fund

This fund is categorised as a Sectoral Fund focusing on the Energy & Power sectors. It invests in companies within this sector. With an AUM of ₹2544.8 crore, the fund has an expense ratio of 1.44% and has delivered a 39.39% CAGR over 3 years. The minimum investment amount for this fund is ₹100.

Nippon India Multi Cap Fund

Belonging to the Multi Cap Funds category, this fund diversifies across various market cap. It manages an AUM of ₹20192.21 crore, with an expense ratio of 0.97%. Over 3 years, it has generated a CAGR of 38.71%. You can start investing with a minimum of ₹100.

Nippon India Growth Fund

This fund operates within the Mid Cap Funds category, primarily investing in mid-sized companies. It has an AUM of ₹18343.36 crore and an expense ratio of 0.94%. Over a 3-year period, it has delivered a CAGR of 34.31%. The minimum investment amount for this fund is ₹100.

Nippon India Banking & Financial Services Fund

Focusing on the Banking & Financial Services sector, this falls under the Sectoral Funds category. With an AUM of ₹4487.06 crore, it maintains an expense ratio of 1.16% and has achieved a 33.69% CAGR in 3 years. The minimum investment amount is ₹1500.

Nippon India Large Cap Fund

Categorised as a Large Cap Fund, it predominantly invests in large-cap stocks. The fund manages an AUM of ₹15855.02 crore with an expense ratio of 0.9%. Over 3 years, it has provided a CAGR of 30.94%, and the minimum investment amount is ₹100.

Nippon India Consumption Fund

This fund is part of the Sectoral Funds category, focusing on Consumption-related sectors. It has an AUM of ₹515.84 crore and an expense ratio of 1.42%. Over 3 years, it has achieved a CAGR of 29.47%. The minimum investment required is ₹1500.

Nippon India Focused Equity Fund

Being a Focused Fund, it concentrates on a select group of stocks. The fund manages an AUM of ₹6976.5 crore and an expense ratio of 1.16%. Over 3 years, it has provided a CAGR of 29.18%, with a minimum investment amount of ₹5000.

Nippon India Value Fund

This Value Fund is focused on value-oriented investments. It has an AUM of ₹5574.51 crore and an expense ratio of 1.18%. Over 3 years, it has delivered a CAGR of 29.07%. The minimum investment required for this fund is ₹500.

Nippon India Tax Saver (ELSS) Fund

This fund falls under the Equity Linked Savings Scheme (ELSS) category, offering tax benefits. It manages an AUM of ₹12543.76 crore with an expense ratio of 1.04%. Over 3c years, it has provided a CAGR of 28.14%. The minimum investment amount for this fund is ₹500.

Mutual Funds Calculators

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Nippon India Mutual Fund FAQs

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 the 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, by going to the Mutual Funds section on https://www.angelone.in/mutual-funds 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 the 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 Tax Saver 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 ₹1.5 lakh per financial year under Section 80C of the Income Tax Act, 1961. You can deduct this from your total income.