Nippon India Mutual Fund

Previously known as Reliance Mutual Fund.

As per the latest update, Nippon India Mutual Fund has been registered with the Securities & Exchange Board of India (SEBI) since June 30, 1995. The name of Reliance Mutual Fund was changed to Nippon India Mutual Fund, effective March 11, 2004. Japan's Nippon Life Insurance has changed the name of Reliance Nippon Life Asset Management (RNAM) after acquiring 75 percent stake in the asset management company. The company will now be called Nippon India Mutual Fund as it has become the sole promoter of the mutual fund. The name change has come into effect from October 7 2019.

With Average Assets Under Management (AAUM) of Rs 2,02,649.49 Crores (July 2019 - Sept 2019 QAAUM) and 90.26 lakhs folios (as on September 30, 2019), Nippon India Mutual Fund (NIMF) is one of India’s leading mutual funds.

With a presence in 300+ cities (as on March 31, 2019), Nippon India Mutual Fund has a well-rounded portfolio of investment products and solutions.

The main objectives of Nippon Indian Mutual Funds are

To carry on the activity of a mutual fund as may be permitted at law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
To take such steps as may be necessary from time to time to realise the effects without any limitation

Note: All information has been sourced from the official website of Nippon India Mutual Fund.

Types of Funds offered by Nippon India Mutual Fund

Equity Funds

Nippon India Vision Fund (Formerly Reliance Vision Fund): An open ended equity scheme investing in both large cap and mid cap stock with growth plan option.
Nippon India Large Cap Fund (Formerly Reliance Large Cap Fund): An open ended equity scheme predominantly investing in large cap stocks with growth plan option.
Nippon India Quant Fund (Formerly Reliance Quant Fund): An open ended equity scheme investing in quant model theme with growth plan option.
Nippon India Balanced Advantage Fund (Formerly Reliance Balanced Advantage Fund): An Open Ended Dynamic Asset Allocation Fund with growth plan option.
Nippon India Index Fund - Nifty plan (Formerly Reliance Index Fund - Nifty plan): An open ended scheme replicating/ tracking Nifty 50 with growth plan option.
Nippon India Index Fund - Sensex Plan (Formerly Reliance Index Fund - Sensex Plan): An open ended scheme replicating/tracking S&P BSE Sensex with growth plan option.
Nippon India Growth Fund (Formerly Reliance Growth Fund) Mid Cap Fund: An open ended equity scheme predominantly investing in mid cap stocks with growth plan option.
Nippon India Focused Equity Fund (Formerly Reliance Focused Equity Fund): An open ended Multi Cap Equity Scheme investing in maximum 30 stocks with growth plan option.
Nippon India Small Cap Fund (Formerly Reliance Small Cap Fund): An open-ended equity scheme predominantly investing in small cap stocks with growth plan option.
Nippon India Value Fund (Formerly Reliance Value Fund): An open ended equity scheme following a value investment strategy with growth plan option.
Nippon India Multi Cap Fund (Formerly Reliance Multi Cap Fund) - Multi Cap Fund: An open ended equity scheme investing across large cap, mid cap, small cap stocks with growth plan option.
Nippon India Banking Fund (Formerly Reliance Banking Fund): An open ended equity scheme investing in the banking sector with growth plan option.
Nippon India Power & Infra Fund (Formerly Reliance Power & Infra Fund): An Open Ended Equity Scheme investing in power & infrastructure sectors with growth plan option.
Nippon India Pharma Fund (Formerly Reliance Pharma Fund): An Open Ended Pharma Sector Scheme with growth plan option.
Nippon India Consumption Fund (Formerly Reliance Consumption Fund): An Open Ended Media & Entertainment Sector Scheme with growth plan option.
Nippon India Tax Saver (ELSS) Fund (Formerly Reliance Tax Saver (ELSS) Fund): An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit with growth plan option.
Nippon India Equity Hybrid Fund (Formerly Reliance Equity Hybrid Fund) Nippon India Equity Hybrid Fund: Segregated Portfolio 1 - An open ended hybrid scheme investing predominantly in equity and equity related instruments with growth plan option.
Nippon India Arbitrage Fund (Formerly Reliance Arbitrage Fund): An open ended scheme investing in arbitrage opportunities with growth plan option.
Nippon India Japan Equity Fund (Formerly Reliance Japan Equity Fund): An open ended equity scheme following Japan focused theme
Nippon India Retirement Fund - Wealth Creation Scheme (Formerly Reliance Retirement Fund - Wealth Creation Scheme): An open ended retirement solution oriented scheme having a lock-in of 5 years or until retirement age (whichever is earlier).
Nippon India Equity Savings Fund (Formerly Reliance Equity Savings Fund) Nippon India Equity Savings Fund: Segregated Portfolio 1 - An open ended scheme investing in equity, arbitrage and debt.
Nippon India US Equity Opportunities Fund (Formerly Reliance US Equity Opportunities Fund): An open ended equity scheme following US focused theme.
Nippon India Junior BeES FoF (Formerly Reliance Junior BeES FoF): An open ended fund of funds scheme investing in Reliance ETF Junior BeES.

Debt Funds

Nippon India Floating Rate Fund (Formerly Reliance Floating Rate Fund): An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).
Nippon India Low Duration Fund (Formerly Reliance Low Duration Fund): An open ended low duration debt scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 6 - 12 months.
Nippon India Prime Debt Fund (Formerly Reliance Prime Debt Fund): An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
Nippon India Short Term Fund (Formerly Reliance Short Term Fund): An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 to 3 years.
Nippon India Credit Risk Fund (Formerly Reliance Credit Risk Fund): An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds).
Nippon India Income Fund (Formerly Reliance Income Fund): An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 to 7 years.
Nippon India Dynamic Bond Fund (Formerly Reliance Dynamic Bond Fund): An open ended dynamic debt scheme investing across duration.
Nippon India Gilt Securities Fund (Formerly Reliance Gilt Securities Fund): An open ended debt scheme investing in government securities across maturity.
Nippon India Hybrid Bond Fund (Formerly Reliance Hybrid Bond Fund): An open ended hybrid scheme investing predominantly in debt instruments.
Nippon India Money Market Fund (Formerly Reliance Money Market Fund): An open ended debt scheme investing in money market instruments.
Nippon India Ultra Short Duration Fund (Formerly Reliance Ultra Short Duration Fund): Nippon India Ultra Short Duration Fund - Segregated Portfolio 1 - An open ended ultra-short term debt scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.
Nippon India Strategic Debt Fund (Formerly Reliance Strategic Debt Fund): An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 4 years.
Nippon India Retirement Fund - Income Generation Scheme (Formerly Reliance Retirement Fund - Income Generation Scheme): An open ended retirement solution oriented scheme having a lock-in of 5 years or until retirement age (whichever is earlier).
Nippon India Banking & PSU Debt Fund (Formerly Reliance Banking & PSU Debt Fund): An open ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds.
Nippon India Nivesh Lakshya Fund (Formerly Reliance Nivesh Lakshya Fund): An open ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years.

Gold Funds

Nippon India Gold Savings Fund (Formerly Reliance Gold Savings Fund) - An open ended fund of fund scheme with growth option plan.

Liquid Funds

Nippon India Liquid Fund (Formerly Reliance Liquid Fund) - An open ended liquid scheme with growth option plan.
Nippon India Overnight Fund (Formerly Reliance Overnight Fund) - An open-ended debt scheme investing in overnight securities with growth option plan.

Key Features of Nippon India Mutual Fund

The following are the factors that make investing in this scheme a lucrative option for investors:

Safe investment instrument

The long legacy of Nippon India Mutual Fund in the financial industry since 1882, makes their schemes robust instruments to invest in. Nippon Life Asset Management Limited (RNAM), the result of its joint collaboration with the global insurance company called Nippon Life Insurance, further boosts its investment portfolio. Nippon Life Insurance holds 49% of stakes in RFM. RNAM has been appointed as the Asset Management Company (AMC) of RMF by the Trustees of RMF vide Investment Management Agreement (IMA) dated May 12, 1995 amended on August 12, 1997, January 20, 2004 and February 17, 2011 in line with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

Expertise Team of Fund Managers

Nippon India Mutual Fund is equipped with a team of recognized professionals who are accomplished in the investment industry. The Fund Managers are supported by a team of specialists who are experts in their own field.

Extensive distribution network

Apart from its presence in 160 locations across India, it has also established networks in other countries like the United Kingdom, Mauritius and Singapore.

Creating market trends

NIMF specializes in offering innovative mutual fund investments. It was the first investment company to launch Gold Savings Fund, which is an open-ended Fund of Fund (FoF).

Tax Benefits

Certain schemes enable investors to avail tax benefits under Section 80C (for ELSS) and Section 80CCG (for RGESS) of the Income Tax Act, 1961.

Customer service

An expert customer service team is trained to guide investors with their queries and clarifications.

Other Value-added Services by RMF

Assists investors in analysing their financial goals: NIMF’s value-added services include a Goal Planner tool that helps investors evaluate the long-term investment planning basis their financial goals and risk appetite.
Enable investors align their risk appetite to financial goals: The tech-enabled Risk Analyser tool assists investors to analyse the risk that they are comfortable with in accordance to their financial objectives.

Best Nippon India Mutual Funds

Note: Funds are shown basis maximum number of purchases in last one month.

Equity - Nippon India Small Cap Fund (Formerly Reliance Small Cap Fund)

Investment Objective	Investment Objective To generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities
1 Year CAGR %	-2.79
3 Year CAGR %	8.84
5 Year CAGR %	10.74
Risk	Moderately High
AUM	8435.53 Cr
Fund Manager	Samir Rachh
Benchmark	S&P BSE SmallCap TRI

Debt - Nippon India Low Duration Fund (Formerly Reliance Low Duration Fund)

Investment Objective	Investment Objective To generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities
1 Year CAGR %	7.40
3 Year CAGR % 8.84	6.94
5 Year CAGR % 10.74	7.63
Risk	Moderately Low
AUM	3402.63 Cr
Fund Manager	Mr. Amit Tripathi \| Ms. Anju Chhajer
Benchmark	CRISIL 10 Year Gilt Index

Liquid - Nippon India Liquid Fund (Formerly Reliance Liquid Fund)

Investment Objective	Investment Objective To generate optimal returns consistent with moderate levels of risk and high liquidity by investing in debt and money market instruments
1 Year CAGR %	6.93
3 Year CAGR % 8.84	6.98
5 Year CAGR % 10.74	7.42
Risk	Low
AUM	33274.05 Cr
Fund Manager	Anju Chhajer (Since Oct 2013)
Benchmark	CRISIL 10 Year Gilt Index

Fund Managers at Nippon India Mutual Fund

Debt Fund Managers

Mr. Amit Tripathi, CIO - Fixed Income
Ms. Anju Chhajer, Senior Fund Manager
Mr. Prashant Pimple, Fixed Income Investment
Mr. Vivek Sharma, Fund Manager
Mr. Sushil Budhia, Senior Fund Manager

Equity Fund Managers

Mr. Ashwani Kumar, Senior Fund Manager - Equity Investments
Mr. Sailesh Raj Bhan, Deputy CIO - Equity
Mr. Samir Rachh, Fund Manager - Equity Investments
Mr. Sanjay Parekh, Senior Fund Manager - Equity Investments
Mr. Sanjay Doshi, Fund Manager
Ms. Meenakshi Dawar
Mr. Manish Gunwani
Mr. Ashutosh Bhargava, Fund Manager and Head - Equity Research
Mr. Dhrumil Shah, Co-Fund Manager
Mr. Vinay Sharma, Equity Fund Manager
Ms. Kinjal Desai, Co-Fund Manager
Mr. Arjun Sundaresan, Co-Fund Manager (Quant Fund) & Head - Product Management
Mr. Anand Gupta, Dealer & Fund Manager
Mr. Tejas Sheth, Co-Fund Manager
Mr. Vikram Dhawan, Head - Commodities

FAQs on Nippon India Mutual Funds

How do I buy Reliance Mutual Fund plan online?

There are 2 options in which you can invest in Reliance Mutual Fund schemes - online and offline.

Online process

You can invest with and without signing up on the website.

For investing in this Fund after signing up on the website, you need to follow these steps:

Visit the official website of Reliance MF
Click on the ‘Register’ option at the top right corner
After you have registered with the username and password of your choice, you can login with these details
Select the mutual fund scheme that you want to invest in, along with other details such as the number of units you would like to purchase
Make an online payment to complete the online investment process If you want to access the fund schemes without logging into their website or are a first-time investor, you can invest in this schemes through the following steps:
Select the ‘Invest Without Login/First Time Investor’ option and mention your PAN number
If you are KYC (Know Your Customer) compliant, you can start investing. Otherwise, you have to complete the KYC process to start investing
After you have selected a scheme, make an online payment to complete the process

Offline process

If you prefer making your investments offline, here is the process for you to follow:

Visit the nearest RMF branch or get in touch with one of their distributors for the application form
Submit the completed form at the branch or to your distributor, along with the supporting documents

For assistance, you can contact the customer service executives at 1800 300 11111

How do I contact RMF Company?

You can contact Reliance Mutual Fund in one of the following ways:

Postal address: Reliance Center, 7th Floor South Wing, Off Western Express Highway, Santacruz(E) Mumbai-400055

N-111-112-114, 1st Floor, North Block, Manipal Centre, Dickenson Road, Bangalore- 560 042.

Phone: 022-33031000/30301111 Email: customer_care@reliancemutual.com

How do I login to Reliance Mutual Fund Company website?

You can follow these simple steps to log into the official website of RMF:

Visit the official website of Reliance Mutual Fund
Click on the ‘Register’ option at the top right corner
After you have registered with the username and password of your choice, you can login with these details

What is Reliance Mutual Fund Company's Contact Number?

The contact numbers of Reliance MF are 022-33031000/30301111

Which Reliance Mutual Fund scheme should I invest?

Depending on the type and duration of mutual fund scheme that you want to invest in, here are some high performing funds that you can choose from:

Reliance Small Cap Fund (previously named Reliance Money Manager Fund): It is an open-ended equity scheme with growth plan and growth option

Reliance Low Duration Fund: It is an open-ended short-term debt that invests in money market and debt instruments Reliance Liquid Fund (previously named Reliance Liquid Fund – Treasury Plan): This is suitable for those looking for an open-ended liquid scheme with a growth plan and growth option

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