Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, is a prominent player in India’s asset management sector. With a robust Assets Under Management (AUM) of Rs. 357,088.33 crore as of September 2023, it is one of the leading mutual fund companies in the nation. Established in June 1995, Nippon India Mutual Fund has been offering a variety of investment options to cater to the diverse needs of investors.
In a significant move, Nippon Life Insurance Company, a Japanese insurer, increased its shareholding to become the majority stakeholder, leading to the mutual fund’s rebranding in 2019. This marked a new chapter in the fund’s history, emphasizing its commitment to leveraging global expertise for the benefit of Indian investors.
Nippon India Mutual Fund’s offerings are extensive, with around 180 primary schemes available to investors. This includes 34 equity schemes known for their potential for high returns, 116 debt schemes offering stability and regular income, and 13 hybrid schemes that provide a balanced mix of equity and debt investments. Additionally, there are 17 other schemes, including commodity funds, which offer alternative investment opportunities.
The fund house has made a significant impact on the industry, holding 8.61% of the total industry AUM. Its widespread presence is underscored by its reach across 272 locations in India, ensuring accessibility to investors from various geographies.
Some of the Nippon India Mutual Fund’s high AUM schemes include the Nippon India Liquid Fund and the Nippon India Small Cap Fund, both of which have been favored choices for investors looking for liquidity and growth potential, respectively. The CPSE Exchange Traded Fund is another notable offering, reflecting the fund house’s innovative approach to investment products.
| Scheme Name | Crisil Rank | Category | Risk | 3Y Return (%) | AUM (Cr) (₹) |
|---|---|---|---|---|---|
| Nippon India Small Cap Fund – Growth | 1 | Small Cap Fund | Very High | 40.80 | 41,018.84 |
| Nippon India Small Cap Fund – Direct Plan – Growth | 1 | Small Cap Fund | Very High | 42.04 | 41,018.84 |
| CPSE ETF | NA | Index Funds/ETFs | Very High | 44.47 | 27,483.13 |
| CPSE ETF | NA | Index Funds/ETFs | Very High | 43.83 | 27,483.13 |
| Nippon India Liquid Fund – Growth | 4 | Liquid Fund | Moderate | 4.90 | 24,632.11 |
| Nippon India Liquid Fund – Growth | 4 | Liquid Fund | Moderate | 4.90 | 24,632.11 |
| Nippon India Liquid Fund – Retail Plan – Growth | 3 | Liquid Fund | Moderate | 0.00 | 24,632.11 |
| Nippon India Liquid Fund – Retail Plan – Growth | 3 | Liquid Fund | Moderate | 4.26 | 24,632.11 |
| Nippon India Liquid Fund – Direct Plan – Growth | 4 | Liquid Fund | Moderate | 5.05 | 24,632.11 |
| Nippon India Multicap Fund – Direct Plan – Growth | 1 | Multi Cap Fund | Very High | 33.69 | 22,695.37 |
| Nippon India Multicap Fund – Growth | 1 | Multi Cap Fund | Very High | 32.75 | 22,695.37 |
| Nippon India Growth Fund – Growth | 2 | Mid Cap Fund | Very High | 31.99 | 21,380.48 |
| Nippon India Growth Fund – Direct Plan – Growth | 2 | Mid Cap Fund | Very High | 33.01 | 21,380.48 |
| Nippon India Large Cap Fund – Direct Plan – Growth | 1 | Large Cap Fund | Very High | 25.93 | 18,071.87 |
| Nippon India Large Cap Fund – Growth | 1 | Large Cap Fund | Very High | 24.89 | 18,071.87 |
| Mutual fund name | Founded | Sponsor name | Trustee organisation | MD and CEO | CIO | Compliance Officer | Investor Service Officer |
|---|---|---|---|---|---|---|---|
| Nippon India Mutual Fund | 30 June 1995 | Nippon Life Insurance Company | Nippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited) | Mr. Sundeep Sikka | Mr. Amit Tripathi (D) and Mr. Manish Gunwani (E) | Mr. Muneesh Sud | Mr. Bhalchandra Joshi |
Nippon India Mutual Fund, a key player in India’s investment sphere, offers a range of schemes tailored to meet various investor needs. Let’s explore some of their leading schemes suitable for long-term investment in 2024:
This fund invests predominantly in small-cap stocks, targeting companies with high growth potential. With a CRISIL rank of 1, it has delivered a 3-year return of 40.80%, indicating its strong performance. The fund manages assets worth ₹41,018.84 crore, making it a significant player in the small-cap space.
An Exchange-Traded Fund that mirrors the performance of the CPSE Index, it’s suitable for investors looking to invest in public sector enterprises. The fund has shown impressive returns with a 3-year annualized gain of around 44%. Its AUM of ₹27,483.13 crore reflects its popularity among investors seeking exposure to government-backed companies.
A liquid fund with moderate risk, suitable for investors looking to park their short-term surplus funds. The scheme has shown consistent performance with a return of 4.90% and manages an AUM of ₹24,632.11 crore, reflecting its reliability for managing immediate liquidity needs.
A multicap fund with a CRISIL rank of 1, it aims to provide long-term capital growth by investing across large, mid, and small-cap stocks. With a 3-year return of 33.69%, it’s an attractive option for investors seeking diversified exposure across market capitalizations.
Focused on mid-cap stocks, this fund seeks to invest in companies with potential for sustainable growth. It has provided a return of 31.99% over three years, appealing to investors with a higher risk tolerance looking for substantial growth in the mid-cap segment.
This fund targets investment in large-cap companies, aiming for steady growth with lower volatility compared to small and mid-cap funds. With a 3-year return of 25.93%, it’s a suitable choice for investors seeking stability and consistent performance from well-established companies.
| Category | Scheme Name | Crisil Rank | 3-Year Return (%) | AUM (Cr) (INR) |
|---|---|---|---|---|
| Small Cap | Nippon India Small Cap Fund | 1 | 40.80 | 41,018.84 |
| Nippon India Small Cap Fund – Direct Plan | 1 | 42.04 | 41,018.84 | |
| Large Cap | Nippon India Large Cap Fund | 1 | 26.74 | 34,202.58 |
| Nippon India Large Cap Fund – Direct Plan | 1 | 26.35 | 34,202.58 | |
| Mid Cap | Nippon India Growth Fund | 2 | 35.25 | 18,127.94 |
| Nippon India Growth Fund – Direct Plan | 2 | 35.89 | 18,127.94 | |
| ELSS | Nippon India Equity Savings Fund | 1 | 33.26 | 14,470.81 |
| Nippon India Equity Savings Fund – Direct Plan | 1 | 33.80 | 14,470.81 | |
| Multi Cap | Nippon India Flexi Cap Fund | 2 | 28.94 | 7,255.00 |
| Nippon India Flexi Cap Fund – Direct Plan | 2 | 29.58 | 7,255.00 | |
| Value | Nippon India Value Fund | 4 | 19.53 | 1,904.95 |
| Nippon India Value Fund – Direct Plan | 4 | 20.17 | 1,904.95 |
| Scheme Name | Crisil Rank | Category | Risk | 3-Year Return (%) | AUM (Cr) (INR) |
|---|---|---|---|---|---|
| Nippon India Ultra Short Duration Fund – Direct Plan | 3 | Ultra Short Duration Bond Fund | Low to Moderate | 4.92 | 7,904.59 |
| Nippon India Ultra Short Duration Fund – Growth | 3 | Ultra Short Duration Bond Fund | Low to Moderate | 4.81 | 7,904.59 |
| Nippon India Income Opportunity Fund – Regular Plan – Growth | 4 | Low Duration Bond Fund | Moderate | 5.49 | 6,122.98 |
| Nippon India Income Opportunity Fund – Direct Plan – Growth | 4 | Low Duration Bond Fund | Moderate | 5.71 | 6,122.98 |
| Nippon India Short Duration Fund – Regular Plan – Growth | 4 | Short Duration Bond Fund | Moderate | 5.74 | 4,266.77 |
| Nippon India Short Duration Fund – Direct Plan – Growth | 4 | Short Duration Bond Fund | Moderate | 5.96 | 4,266.77 |
| Nippon India Dynamic Bond Fund – Direct Plan – Growth | 2 | Dynamic Bond Fund | Moderate | 6.46 | 3,685.50 |
| Nippon India Dynamic Bond Fund – Growth | 2 | Dynamic Bond Fund | Moderate | 6.29 | 3,685.50 |
| Nippon India Hybrid Bond Fund – Direct Plan – Growth | 3 | Hybrid Bond Fund | Moderate to High | 6.23 | 2,184.78 |
| Nippon India Hybrid Bond Fund – Growth | 3 | Hybrid Bond Fund | Moderate to High | 6.06 | 2,184.78 |
| Scheme Name | Crisil Rank | Category | Risk | 3-Year Return (%) | AUM (Cr) (INR) |
|---|---|---|---|---|---|
| Nippon India Balanced Hybrid Fund – Direct Plan | 3 | Balanced Hybrid Fund | Moderate | 18.56 | 5,090.25 |
| Nippon India Balanced Hybrid Fund – Growth | 3 | Balanced Hybrid Fund | Moderate | 17.92 | 5,090.25 |
| Nippon India Equity Savings Fund – Direct Plan | 1 | ELSS | Moderate to High | 33.80 | 14,470.81 |
| Nippon India Equity Savings Fund – Regular Plan | 1 | ELSS | Moderate to High | 33.26 | 14,470.81 |
| Nippon India Aggressive Hybrid Fund – Direct Plan | 2 | Aggressive Hybrid Fund | High | 20.41 | 3,137.97 |
| Nippon India Aggressive Hybrid Fund – Growth | 2 | Aggressive Hybrid Fund | High | 19.94 | 3,137.97 |
A seasoned veteran in wealth management, Mr. Kumar has been shaping investment strategies at Nippon India Mutual Fund since joining. His academic credentials include a degree from the University of Pune and an MBA in Finance. With his global perspective on money management, he plays a pivotal role in the equity investments team.
With over a decade at Nippon India, Mr. Bhan’s expertise in wealth management is unparalleled. As the Deputy CIO, he manages substantial funds and is known for his strategic insights into both Indian and international markets.
Bringing almost three decades of experience to the table, Mr. Rachh is a maven of mid and small-cap stocks. His journey in the finance sector has been diverse, including roles such as an Assistant Editor and managing his advisory firm before his tenure at Nippon India.
Despite being younger than some of his peers, Mr. Parekh’s 24-year career in equity research and fund management is noteworthy. His strategic moves as Senior Fund Manager at Nippon India Mutual Fund have earned him a reputation for being a trendsetter in the industry.
Ms. Dawar is renowned for her analytical skills in fund management and equity research. Her technical background and IIM pedigree have helped her spearhead key funds at Nippon India with aplomb.
As the CIO of Equity Investments, Mr. Gunwani’s acumen in identifying growth opportunities, especially in the small and medium cap space, is exceptional. His extensive experience and global exposure make him an asset to Nippon India Mutual Fund.
A debt market specialist, Ms. Chhajer’s insight into fixed-income securities has made her a go-to expert in managing debt funds. Her strategies are known for balancing risk and reward, providing stability to investors’ portfolios.
With a knack for spotting trends in the market, Mr. Sheth’s approach to equity investment is both innovative and result-oriented. His investment philosophy is underpinned by rigorous research and a long-term perspective.
Overseeing overseas investments, Ms. Desai brings a global perspective to fund management. Her strategies often involve diversifying across geographies, which can offer Nippon India Mutual Fund investors a hedge against domestic market volatility.
Mr. Parekh is known for his expertise in large-cap stocks, managing funds that invest in established market leaders. His prudent investment choices have often led to consistent performance, even amidst market turbulence.
Investing in Nippon India Mutual Fund can be a good match for a variety of investors, each with their own financial goals and risk appetites. Here’s a breakdown of who might consider investing in their schemes:
Long-term Investors: Those looking to build wealth over an extended period could benefit from the fund house’s diverse equity offerings, which aim for growth.
Risk-takers: Investors comfortable with market fluctuations and willing to take on higher risk for potentially greater returns might find the small and mid-cap funds attractive.
Conservative Investors: Individuals who prefer a steady income with lower risk may consider the debt funds, which aim to provide stable returns.
Retirement Planners: For those planning for retirement, Nippon India’s variety of pension funds and long-term investment options can help in building a retirement corpus.
First-time Investors: Newcomers to the investment world can start their journey with Nippon India’s systematic investment plans (SIPs), which allow investing small amounts regularly.
Diversification Seekers: Investors looking to diversify their portfolio across different asset classes and sectors might find a fit with Nippon India’s hybrid and multi-cap funds.
Nippon India Mutual Fund a secure choice for investment?
Nippon India Mutual Fund is a well-established asset manager with a diverse portfolio, managing funds that have shown consistent performance over the years.
What kind of returns can I expect from Nippon India Mutual Fund’s Small Cap Fund?
While returns can vary, Nippon India Small Cap Fund has historically performed well, with substantial returns over the long term, but remember, small cap funds carry a higher risk.
How has the Nippon India Value Fund performed recently?
As of December 2023, the Nippon India Value Fund has shown promising returns, reflecting its focus on value investing strategies.
Are SIPs with Nippon India Mutual Fund a good investment approach?
Yes, Nippon India offers SIPs across various fund categories, providing a disciplined approach to investing suitable for long-term wealth creation.
What’s the potential for long-term growth with Nippon India Mutual Fund?
Nippon India Mutual Fund offers various schemes with a good track record of long-term capital appreciation, especially in their hybrid and equity-oriented funds.
How does Nippon India Mutual Fund fare in the Indian market post its rebranding from Reliance?
Since rebranding, Nippon India Mutual Fund has continued to strengthen its position, leveraging Nippon Life Insurance’s global expertise.
Which SIP by Nippon India Mutual Fund is recommended for a 10-year investment?
For a 10-year horizon, consider equity funds that have historically provided robust returns; however, the choice should align with your risk tolerance and financial goals.
What measures have Nippon India Mutual Fund taken for investor safety?
Nippon India Mutual Fund adheres to stringent risk assessment and compliance measures to ensure investor safety and fund security.
Can I rely on Nippon India Mutual Fund for long-term investment goals like retirement?
Certainly, Nippon India offers various schemes suitable for long-term goals like retirement, with a mix of equity and debt funds to choose from.
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