Nippon India Mutual Fund – Review, Fund Managers, KYC Process, Fees & more
Last Updated Date: Nov 18, 2022Nippon India Mutual Fund AMC is a brand in India and when it comes to financial services, mutual funds is one of their main products.
Earlier, it was Reliance Mutual Funds and then Nippon Life Insurance purchased 75.93% of the paid-up equity shares of the firm and since then it is known as Nippon India Mutual Funds.
In this article, you will not only know about the general information and company history but the most important aspects of this firm will be covered in this article.
This will include the benefits that it provides to the customers. Then we will talk about the process of investing with Nippon India Mutual Funds.
Then we will talk about the registration and KYC process in detail. The article will cover the details of the fund manager as well. Then there will be information related to the other features of the firm.
In the second half of the article, there will be all crucial information regarding the best performing funds of the fund house. It will be evaluated on various basis.
For instance, there will be a listing according to NAV, the best performance in five/three or one year, and similar metrics.
This article will also give you insights into the fees charged by this firm for rendering their services.
Finally, we will talk about the customer care of the firm and its details and then you can decide whether you want to trade with Nippon India Mutual Funds wisely.
About Nippon India Mutual Fund
In the year 2019, Nippon Life Insurance bought the stakes in Reliance Mutual Funds and since then it became Nippon India Mutual Funds.
However, the firm is in the market rendering mutual fund services as Reliance Mutual Funds since 1995.
It has been always one of the leading mutual fund houses in the country. It has been providing multiple schemes to suit the need of all kinds of investors.
At present it has been managing over Rs.2 lakh crores of assets and more which is one of the highest in the market.
There are more than 300 schemes that it offers to its clients who want to invest in the market via them.
At present Nippon India Mutual Funds is held 75.93% by Nippon Life Insurance which is a life insurance company in Japan.
It is one of the leading companies there and so is Reliance in India and abroad as well. The latter is the co-owner of the firm having the remaining stakes in the firm.
It has coverage across three hundred cities in the country. Its exceptional customer care services is another reason for the investors to get attracted to this fund house.
It has the motto of providing great returns to the clients by deploying the funds in the right assets.
Let us now see the features of the firm that makes it special amongst the other competitors.
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Why Invest in Nippon India AMC?
In this section, we will see the benefits and features of Nippon India Mutual Funds –
Customized Solutions
Nippon India Mutual Funds have tailored-made solutions and schemes of mutual funds for your investment goals.
The investment in mutual funds requires precision and that is what Nippon India MF can offer you easily.
They have a mutual fund schemes for different purposes such as buying a home or a dream car, financing higher education, or child’s education.
Then it can be for your wedding or an international holiday, tax savings and what not. You need to first decide your investment goals and then let the fund manager decide the right scheme for you.
Experienced Fund Managers
The right decision of the fund managers which help you earn whopping returns come from their extensive experience in the market.
They are serving in the mutual fund industry for several years and the new joiners are trained under the seniors. So, there is hardly any possibility of poor investment skills.
They not only are experienced in the market but also possess great financial knowledge and we will discuss the same in the top fund managers section in this article.
Reasonable Fees
While choosing the right mutual fund AMC, you need to look at its fees. The Nippon India Mutual Funds AMC has been providing its services for very nominal charges.
The charges will be discussed in the latter part of the article.
Knowledge Center
When you are new to mutual fund investment, you need to be aware of all the pros and cons related to it.
The Nippon India Mutual Fund House is proving an online knowledge center to learn about mutual funds in detail.
You can learn it anytime and anywhere. There are no charges for the same as well.
Though your fund manager takes care of your funds but as an investor you need to be aware of the market as well.
Wide Coverage
Finally, we have found that this firm is having huge coverage in terms of having branches across the country.
There are not many like Nippon India Mutual Funds AMC which is having more than three hundred branches in India.
How to Invest in Nippon India Mutual Funds?
To invest in Nippon India Mutual Funds AMC schemes’ you need to –
- Open an account with Nippon India Mutual Funds AMC. You can do the same by clicking on ‘Open an Account’.
- Register yourself by filling the form. Enter your personal details.
- Then you need to choose the Nippon India Mutual Funds AMC from the list.
- Now choose the investment criteria –
- Investment risk profile – low, high, or medium
- Tenure for which you want your investment to reap
- Investment budget and type of investment whether SIP or Lump Sum.
- Once you choose these criteria, there you can see the list of schemes matching your criteria of Nippon India Mutual Funds AMC
- Choose the one that you want to invest your money into. Make sure you have done the right research before investing in the fund
- Then you need to process the payment. You can use Internet Banking, UPI, or any such online payment methods to make the payment. If it is an SIP investment, then every month, the amount mentioned for investment will be automatically deducted from your bank account (if permission is given for automatic transaction).
- After the payment, the funds will be credited to your account. You can check the same within four to five working days that is the maximum time the fund house takes to deliver the funds.
Nippon India AMC – Fund Managers
The fund managers are the base of any fund house and in Nippon India MF AMC, the fund managers are really dedicated apart from being experienced and knowledgeable.
Here are the details of the top six fund managers of Nippon India Mutual Funds –
Ashwani Kumar
Having more than close to two decades of experience in the mutual fund market and especially in Nippon India Mutual Funds which was then Reliance Mutual Funds, he is having a great hold on the schemes and decision of the firm.
He manages multiple funds in Nippon India MF. He had worked for other firms as well in the past like Zurich Asset Management Co. Ltd. and others.
He is an MBA and currently serving as the senior fund manager at Nippon India Mutual Funds AMC.
Shailesh Raj Bhan
Mr.Bhan is managing over Rs. 150 crores of assets in Nippon India Mutual Funds. He is the Deputy Chief Investment Officer besides being one of the senior-most fund managers of the firm.
Mr. Sailesh is having more than 15 years of experience in the market and looks after the Nippon India Multi-Cap Fund. He has been providing his guidance for the international market funds.
He also looks after the Nippon India Consumption fund.
Samir Rachh
This man is serving in the capital markets for three decades which is one of the most valuable assets that Nippon India has.
He is having extensive knowledge about the market, especially in the mid-cap and small-cap sector. He is in Nippon India MF for the last 12 years.
Sanjay Parekh
In Nippon India MF, he started in 2008 but having around 24 years of total experience in the market.
He served in different organizations where he worked as a research manager and analyzed the markets for investments.
Manish Gunwani
He is the Chief Investment Offer in Nippon India Mutual Funds. He is having more than two decades of experience in the market.
After completing his Post Graduate Diploma in Management from IIM in Bangalore, he had worked with multiple financial organizations.
In ICICI Prudential AMC, the funds under his lookout increased to Rs.300 crores from just Rs.50 crores. He is prudent in small-cap stocks as well as midcaps.
Meenakshi Dawar
She is serving in Nippon India MF for the last ten years now and is one of the senior fund managers in the firm. She has done her PGDM from the prestigious IIM Ahmedabad.
Post that she started working in multiple investment companies and worked in different domains as well ranging from the research wing to the fund management.
She looks after the Nippon India Value Fund as well as the Nippon India Vision Fund.
Nippon India Mutual Fund – Key Personnel’s
The Board of Directors of Nippon India Mutual Fund consist of –
- Kazuyuki Saigo
- Ameeta Chatterjee
- Retired General VED Prakash Malik
- SundeepSikka
- Akira Shibata
- Ashvin Parekh.
Mr.SundeepSikka is the Executive Director and CEO of the Nippon Life India Asset Management Limited at present.
How to do KYC Check for Nippon India Mutual Fund?
To complete the KYC process you need to follow the steps below –
- Login to the account of yours on Nippon India Mutual Funds AMC
- Click on the KYC registration tab
- Enter the details – Name, Address, occupation, and others.
- Upload the photocopies of the documents asked for
- Make sure to self-attest the photocopies of the documents before uploading
- Once your documents are uploaded, you will get a confirmation and then your KYC is completed.
Documents Required to Invest in Nippon India AMC
The list of documents that you need to keep handy before you start the KYC process are –
- Voter ID
- AADHAAR Card
- PAN Card
- Passport
- The electricity bill for address proof
- Rental Agreement if any and living in a rented house
- Others as required.
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Nippon India Mutual Fund Fees or Charges
| Fund | Minimum Investment (Rs) | Entry Load (in % p.a.) | Exit Load (in % p.a.) | Fund Manager |
| Nippon India Arbitrage Fund – Growth – Direct Plan | 5000 | NA | 1 | Anand Devendra Gupta |
| Nippon India Balanced Advantage Fund – Growth – Direct Plan | 100 | N.A | 1 | Manish Gunwani |
| Nippon India Banking Fund – Growth Option – Direct Plan | 5000 | N.A | 1 | Vinay Sharma |
| Nippon India Banking & PSU Debt Fund – Growth – Direct Plan | 5000 | NA | N.A | Prashant Pimple |
| Nippon India Consumption Fund – Growth – Direct Plan | 5000 | NA | 1 | Amar Kalkundrikar |
| Nippon India Credit Risk Fund – Growth – Direct Plan | 500 | N.A | 1 | Sushil Budhia |
| Nippon India Dynamic Bond Fund – Growth – Direct Plan | 5000 | N.A | 1 | Prashant Pimple |
| Nippon India Equity Hybrid Fund – Growth – Direct Plan | 500 | NA | 1 | Sanjay Parekh |
| Nippon India Equity Savings Fund – Growth – Direct Plan | 5000 | N.A | 1 | Sanjay Parekh |
| Nippon India Floating Rate Fund – Growth – Direct Plan | 5000 | N.A | 1 | Anju Chhajer |
Details on Nippon India AMC Fees
Now let us discuss the crucial aspects of the Nippon India Mutual Funds AMC which every investor needs to know before investing.
We will start with the fees and charges of Nippon India Mutual Funds AMC which is generally the most important concern of any investors.
The fees charged by Nippon India Mutual Funds for entering any scheme is nil. This means that you do not need to pay any charges for buying the funds.
While withdrawing your funds from the scheme, you may need to pay a certain percentage of the amount being withdrawn as the exit load.
This is a charge that is paid by the investor to the firm for rendering services. Here as you can see in the table above, the charge is pretty nominal and mostly one 1% of the value to be withdrawn.
For some of the schemes, there is no exit load as well which is incredibly beneficial for the investors.
Now coming to the minimum investment, which is another thing investors are worried about.
The minimum investment in Nippon India Mutual Funds AMC starts from Rs.100 as you can see in the table and it is for the fund called Nippon India Balanced Advantage Fund.
This is a growth fund and you can invest in it directly by yourself. You just need Rs.100 to start your investment in this fund.
The average minimum investment as per the table is Rs.5000 which is the industry average as well.
However, there are funds like Nippon India Credit Risk Fund and others where the minimum investment is only Rs.500 as well.
So, any investor can invest with any investment budget with Nippon India MF because of such lenient charges and minimum investment requirements.
Best Performing Nippon India Mutual Fund
| Fund Name | Category | Risk | 1Y Returns | Fund Size (in Cr) | |
|
Equity | High | 66.80% | Rs. 4,151 | |
| Nippon India Arbitrage Fund | Hybrid | Moderately Low | 4.90% | Rs. 8,178 | |
| Nippon India Index Fund – Sensex Plan | Equity | Moderately High | 12.70% | Rs. 115 | |
| Nippon India Gilt Securities Fund | Debt | Moderate | 12.10% | Rs. 2,127 | |
| Nippon India Gilt Securities Fund | DEBT | Moderate | 12.10% | Rs. 2,127 | |
| Nippon India Income Fund | Debt | Moderate | 11.30% | Rs. 431 | |
| Nippon India Banking & PSU Debt Fund | Debt | Moderately Low | 11.30% | Rs. 7,101 | |
| Nippon India Liquid Fund | Debt | Low | 4.40% | Rs. 23,106 | |
| Nippon India Small Cap Fund | Equity | Moderately High | 29.60% | Rs. 10,398 | |
| Nippon India Power & Infra Fund | Equity | High | 10.90% | Rs. 1,163 |
Details of Best Nippon India Mutual Funds
Now coming to another crucial section where we are going to discuss and observe the returns of 1-year of different funds of Nippon India MF and select the top ten amongst them.
Here as you can see above, the list of top ten funds according to the 1-year returns are given above and the first in the list has earned a whopping 66.80% in the year.
The risk profile is high though but having a fund size of Rs.4151 crores and earning such a huge return in just 1-year duration is unmatchable.
Then there is Nippon India Small Cap Fund with a 29.60% return in a year. This fund is having moderately high risk and the fund is of a huge size that is of Rs.10398 crores.
The fund invests in equities as underlying assets. Then there is Nippon India Index Fund which follows the Sensex and invests in equities.
It is having a moderate high-risk profile but returns 12.70% in a year with a fund size of Rs.115 crores.
So, overall, the returns of the top funds are ranging from 4.40% to 66.80% which is a huge range for 1- year returns but with Nippon India it has been possible.
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Top 10 Nippon India AMC Funds
| Fund |
|
3-Year Return | 5-Year Return | |
| Nippon India Arbitrage Fund – Growth – Direct Plan | 4.2 | 18.15 | 32.83 | |
| Nippon India Balanced Advantage Fund – Growth – Direct Plan | 8.56 | 18.54 | 59.75 | |
| Nippon India Banking Fund – Growth Option – Direct Plan | -14.88 | -6.14 | 52.34 | |
| Nippon India Banking & PSU Debt Fund – Growth – Direct Plan | 10.82 | 30.21 | 52.32 | |
| Nippon India Capital Builder Fund – IV – Series B – Growth – Direct Plan | 3.55 | -19.94 | N.A | |
| Nippon India Capital Builder Fund – IV – Series C – Growth – Direct Plan | 34.58 | -7.88 | N.A | |
| Nippon India Capital Builder Fund – IV – Series D – Growth – Direct Plan | 35.56 | N.A | N.A | |
| Nippon India Consumption Fund – Growth – Direct Plan | 21.39 | 17.9 | 43.29 | |
| Nippon India Capital Protection Oriented Fund II – Plan A – Growth – Direct Plan | N.A | NA | N.A | |
| Nippon India Credit Risk Fund – Growth – Direct Plan | -5.87 | 1.54 | 19.79 |
Details of Top 10 Nippon India Fund Schemes
In this section, let us see the most important factor that helps you decide the scheme and that is 5-year return followed by 3-year return.
If you compare the 5-year return then the top-performing fund is Nippon India Balanced Advantage Fund.
This growth fund with direct plan option has been one of such funds which offer the huge return and without much volatility. The fund achieved a 59.75% return in 5-years span which is huge.
While its 3-years return was 18.54% only, this definitely means, the initial years of five years have been really profitable for the fund.
Then there is Nippon India Banking Fund which is again a growth fund with a 52.34% return in its kitty. Then there is the Nippon India consumption fund with a 43.29% return in 5-year span.
While the former one’s 3-year return was negative that is -6.14% the latter had a whopping 30.21% return in 3-years. This shows the former is much more volatile than the latter.
Best Nippon India Mutual Fund – Portfolio
| Fund | Market Value (in Cr.) | Net Assst (in Cr.) | Rating |
| Nippon India Corporate Bond Fund – Growth – Direct Plan | 22592.33 | 1335667 | AAA |
| Nippon India Corporate Bond Fund – Growth – Direct Plan | 22592.33 | 1335667 | AAA |
| Nippon India Credit Risk Fund – Growth – Direct Plan | 16080.99 | 341879 | AAA |
| Nippon India Credit Risk Fund – Growth – Direct Plan | 16080.99 | 341879 | AAA |
| Nippon India Dynamic Bond Fund – Growth – Direct Plan | 3750.76 | 37500 | AAA |
| Nippon India Dynamic Bond Fund – Growth – Direct Plan | 3750.76 | 37500 | AAA |
| Nippon India Equity Hybrid Fund – Growth – Direct Plan | 5966.56 | 84300 | AAA |
| Nippon India Equity Hybrid Fund – Growth – Direct Plan | 5966.56 | 84300 | AAA |
| Nippon India Floating Rate Fund – Growth – Direct Plan | 16541.73 | 437051 | AAA |
| Nippon India Floating Rate Fund – Growth – Direct Plan | 16541.73 | 437051 | AAA |
Details of Top Nippon India Portfolios
According to the Market value and Net Asset Value of the funds, the top funds are the Nippon India Corporate Bond Fund which is having a market valuation of Rs.22592.33 crores.
The fund has been rated with a triple ‘A’ ratings as well. The net asset value of the fund is Rs.1335667 crores at present.
Then there is Nippon India Floating Rate Fund with Rs.16541.73 crores of market valuation and Rs.437051 crores of the net asset. This fund as well got an ‘AAA’ ratings.
The fund in the third position as per market value is Nippon India Credit Risk Fund with Rs.16080.99 crores as market value and the net asset are worth Rs.341879 crores.
All the funds in this section as you can see are ‘AAA’ rated which describes and assure the safety and reliability of these funds.
Nippon India Mutual Fund Schemes NAV
| Fund | 52 Week High (Rs.) | 52 Week Low (Rs.) |
| Nippon India Arbitrage Fund – Growth – Direct Plan | 21.59 | 20.56 |
| Nippon India Arbitrage Fund – Growth – Direct Plan | 21.59 | 20.56 |
| Nippon India Balanced Advantage Fund – Growth – Direct Plan | 110.88 | 79.46 |
| Nippon India Balanced Advantage Fund – Growth – Direct Plan | 110.88 | 79.46 |
| Nippon India Banking & PSU Debt Fund – Growth – Direct Plan | 16.34 | 14.56 |
| Nippon India Banking & PSU Debt Fund – Growth – Direct Plan | 16.34 | 14.56 |
| Nippon India Banking Fund – Growth Option – Direct Plan | 312.78 | 156.6 |
| Nippon India Banking Fund – Growth Option – Direct Plan | 312.78 | 156.6 |
| Nippon India Capital Builder Fund – IV – Series B – Growth – Direct Plan | 8.48 | 4.89 |
| Nippon India Capital Builder Fund – IV – Series B – Growth – Direct Plan | 8.48 | 4.89 |
Details of Nippon India Mutual Funds NAV
In this section we will see how volatile these funds are and amongst all the funds, Nippon India Banking fund has been hugely volatile as the last 52-weeks data shows its highest was Rs.312.78 while the lowest was Rs.156.6 which is half of its highest value achieved in the same period.
Similarly, there is Nippon India Balanced Advantage Fund which is highly volatile too with a 52-week high of Rs.110.88 and a 52-week low of Rs.79.46.
It is important to check the 52-week highs and lows to evaluate the volatility of the fund. It is crucial for the traders and investors to understand this to take steps wisely about the funds.
Nippon India AMC Customer Care Details
| Address of AMC | 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W) Mumbai – 400 013 |
| Telephone Number | 022-68087000 |
| Fax Number | 022-68087097 |
| customercare@nipponindiaim.in |
The customer care of Nippon India is prudent at their work. They offer great services to the people who invest with Nippon India Mutual Funds.
Nippon India have a team of professionals handling the queries of the investors and giving wise solutions. They can be reached by emailing customercare@nipponindiaim.com.
Then you can also contact them via call and the number is 022-68087000.
If you want to visit their main office, then it is situated in Lower Parel (W) Mumbai. You can get the details of the contacts in the table above.
Nippon India AMC – Important Links
| Website | mf.nipponindiaim.com |
| Nippon India Mutual Fund Login | https://mf.nipponindiaim.com/investeasy/ |
| Nippon India Mutual Fund App | https://play.google.com/store/apps/details?id=com.godbtech.reliancemf |
| Facebook Link | https://www.facebook.com/NipponIndiaMF |
| Twitter Link | https://twitter.com/NipponIndiaMF |
| Youtube Link | https://www.youtube.com/c/NipponIndiaMutualFund |
Nippon India Mutual Fund AMC – Conclusion
To summarize it all, Nippon India Mutual Fund has its own aura. It is one of the leading mutual fund houses in the country for many years as we saw.
The investment options it provide earn huge returns. The firm provides multiple facilities to the clients with different funds and schemes for every investor.
Apart from multiple schemes, there are different fund managers who are having huge experience in the market and has been known for providing great returns to investors.
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