Nippon India Mutual Funds, formerly known as Reliance Mutual Fund, is a prominent asset management company in India. It oversees a diverse range of assets, including managed accounts, mutual funds, pension funds, alternative investments, and offshore funds. Nippon India Mutual Fund's asset management is handled by Nippon Life India Asset Management Limited (NAM India). The major shareholders of NAM India are Reliance Capital Limited and Nippon Life Insurance Company, collectively owning 75.93% of its total issued equity share capital.
Reliance Capital Limited is a well-established RBI-registered Non-Banking Finance Company in India, engaged in various financial sector activities such as asset management, life insurance, general insurance, and stockbroking.
Originally established as Reliance Mutual Fund in June 1995, Nippon India Mutual Fund was a joint venture between India's Reliance Capital and Japan's Nippon Life Insurance Company. In October 2019, Nippon acquired Reliance's stake, leading to the rebranding of the fund house as Nippon India Mutual Fund.
Nippon Mutual Funds manages assets valued at Rs. 2,79,431.37 cr as of June 2022. Their portfolio comprises of various types of funds, offering a wide range of investment options. The CEO of the company is Sundeep Sikka.
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Key information about Nippon India Mutual Fund
Mutual fund name:
Nippon India Mutual Fund
Founded in:
30 June 1995
Sponsor name:
Nippon Life Insurance Company
Trustee organization:
Nippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited)
How to invest in Nippon India Mutual Fund schemes?
Investing in mutual funds is easy with Bajaj Finserv. If you are a new investor, follow the below steps. For customers who have invested with us, please skip directly to step 7.
Choose a mutual fund category and a scheme that suits your goals and click on Invest Now.
Sign into Bajaj Finserv to setup your mutual fund account.
Verify your details using your PAN, Name, DOB, and Email ID. If your KYC is not complete, you will have to upload your address proof and complete video KYC.
Enter your bank details.
Upload your signature and provide additional details to continue.
Choose whether you want to invest in SIP or lumpsum and enter the investment amount. Click on INVEST.
Choose your payment mode (net-banking, UPI, NEFT/RTGS) and make the payment.
Wait for 2-3 working days for your investment to reflect in your portfolio.
Documents required to invest in Nippon India Mutual Fund
If you are an existing customer, no documents are required for investment. However, for new customers keep the following documents handy before investing:
One can start investing in Nippon India Mutual Fund online through the Bajaj Finserv app without any hassles. Alternatively, they can also invest through the respective fund houses’ website.
How to calculate Nippon India Mutual Fund SIP?
You can calculate the potential returns on your SIP investments using the Bajaj Finserv SIP Calculator.
How to redeem Nippon India Mutual Fund?
If you have invested in a Nippon India Mutual Fund scheme through the Bajaj Finserv platform, you can easily redeem it through the Bajaj Finserv website or app.
How to increase SIP amount in Nippon India Mutual Fund?
If you have invested in a Nippon India Mutual Fund scheme through the Bajaj Finserv platform, you can easily increase your SIP amount through the Bajaj Finserv website or app.
How to stop a SIP in a Nippon India Mutual Fund online?
If you have invested in any Nippon India Mutual Fund scheme through the Bajaj Finserv platform, you can stop or cancel an SIP by logging into your account on the Bajaj Finserv platform and app without hassle.
Are Nippon India Mutual Fund schemes safe to invest in?
One of the reputable AMCs in India is the Nippon India Mutual Fund. All mutual fund houses are subject to stringent SEBI regulation. But when it comes to market-linked products like mutual funds, no asset management firm can ensure the protection of capital. It is preferable to assess your financial objectives, level of risk tolerance and investment horizon before selecting a fund.
Are Nippon India Mutual Fund schemes tax-free?
You can get tax-benefits under section 80C by investing in ELSS mutual funds offered Nippon India Mutual Fund.
How can I get the Nippon India Mutual Fund statement?
If you have invested in any Nippon India Mutual Fund scheme through the Bajaj Finserv platform, you can get your statement online on the Bajaj Finserv website or app.
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Disclaimer on Risk-O-Meter:
Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc. and shall also consult their financial advisers, if they are unsure about the suitability of the scheme before investing