Nippon India Mutual Fund
AUM
₹ 5,73,674 cr
AMC Age
29 Years
No. Of Schemes
905
Nippon India Asset Management Limited is one of India’s leading asset management companies, offering a wide range of mutual fund schemes across equity, debt, and hybrid categories.
List of Nippon India Mutual Fund Schemes
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About Nippon India Mutual Fund
- About the Fund
- Key Information
- Types Of Funds
- Charges & Fees
- Risk Factors
Nippon India Mutual Fund (NIMF), previously known as Reliance Mutual Fund, was founded in June 1995 as a collaboration between Reliance Capital and Japan’s Nippon Life Insurance Company. In October 2019, Nippon Life Insurance Company took full ownership by acquiring Reliance’s stake and rebranding the fund house as Nippon India Mutual Fund.
Key Features
- NIMF provides a broad selection of mutual fund schemes across equity, debt, and hybrid categories, designed to meet the varied investment goals of investors
- The fund house collaborates with a wide range of empanelled distributors, including mutual fund distributors (MFDs), national distributors (NDs), and banking partners, ensuring broad accessibility across India.
- Operating in 265 locations across the country, NIMF provides investment solutions to investors nationwide..
- The company is guided by a seasoned leadership team, with Mr. Sundeep Sikka serving as CEO/MD and Mr. Amit Tripathi as CIO, bringing valuable expertise to its operations.
Documents Required
To invest in Nippon India Mutual Fund, investors must complete the Know Your Customer (KYC) process and submit the required documents. Below is a list of documents based on investor type:
KYC Application Form
- Completed and signed CKYC application form
- In-Person Verification (IPV) – Mandatory for KYC compliance.
Bank Account Details
- Canceled cheque or bank statement for linking the investment account.
- Nomination Form (optional but recommended)
Proof of Identity (Any one of the following, self-attested):
- PAN Card (mandatory for investments above ₹50,000 per year)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- NREGA Job Card (duly signed by a State Government officer)
Proof of Address (Anyone, except PAN card):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (not older than 3 months)
- Bank Account Statement/Passbook (not older than 3 months)
Investors are advised to contact Nippon India Mutual Fund’s customer service or visit its official website for any modifications, redemptions, or complaints.
Nippon India Mutual Fund Managers
Mr. Aishwarya Deepak Agarwal
Mr. Amar Kalkundrika
Mr. Anand Gupta
Mr. Ashutosh Bhargava
Mr. Bhavik Dave
How To Invest In Nippon India Mutual Fund With Choice?
Nippon India Mutual Fund FAQs
The best Nippon India Mutual Fund depends on your financial goals and risk tolerance. Equity funds are ideal for long-term capital growth, debt funds provide stability with lower risk, and hybrid funds offer a mix of both. With Choice, you can leverage advanced research tools and conduct in-depth fundamental and technical analysis to make well-informed investment decisions.
Nippon India Mutual Fund schemes are subject to taxation based on the type of investment and holding period. Equity fund gains are taxed at 20% (short-term) and 12.5% (long-term if gains exceed 1.25 lakh annually). Debt fund gains are taxed per your income slab. ELSS funds offer tax benefits under Section 80C.
To invest in Nippon India Mutual Fund, you need to complete the KYC process by submitting a PAN card, Aadhaar, proof of identity, proof of address, and a linked bank account. For non-individual investors, additional documents may be required. The Choice FinX platform enables easy digital uploads, making the investment process seamless and hassle-free.
The minimum investment amount for Nippon India Mutual Funds depends on the specific scheme and the investment mode, such as lump sum or Systematic Investment Plan (SIP). Typically, you can start investing with as little as 100 for SIPs and 500 for lump sum investments.
Returns on Nippon India Mutual Funds are calculated based on the Net Asset Value (NAV). The formula used is: Returns (%) = [(Current NAV - Initial NAV) / Initial NAV] × 100. For SIP investments, the XIRR (Extended Internal Rate of Return) method is applied to estimate returns. Choice provides real-time NAV tracking and return calculators, helping investors evaluate their earnings efficiently.
Yes, investors can switch between Nippon India Mutual Fund schemes through Choice FinX. However, before making any switches, it is important to consider exit loads and tax implications.
Investing in Nippon India Mutual Funds may involve charges such as expense ratios, exit loads for early withdrawals, and transaction fees for investments above a certain limit. Choice offers direct plans, which have lower expense ratios compared to regular plans.
No, a Demat account is not mandatory to invest in Nippon India Mutual Funds through Choice FinX. Investors can purchase and track mutual fund units directly on the platform. However, to hold mutual fund units in electronic form, you can open a Demat account with Choice.
Investors can access their Nippon India Mutual Fund statements directly on the Choice FinX platform under the Portfolio section. Statements can also be obtained through the official Nippon India Mutual Fund website, email requests, or third-party services like CAMS and KFintech portals.
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