Reliance SIP (Nippon India)

Reliance Mutual Fund has now become Nippon India Mutual Fund. Hence, all instruments under Reliance Mutual Fund have come under Nippon India Mutual Fund. Nippon India Mutual Fund (NIMF) is one of India's leading mutual funds, 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).

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

Benefits of Investing in Reliance SIP (Nippon India)

Disciplined: SIP facilitates disciplined savings. It helps inculcate a habit of regular savings. Over the long run, this enables an investor to accumulate a large sum of money with good returns.
Flexible: SIP investment offers flexibility. Investors can redeem their investment at any given point of time in the future (except in the case of equity linked savings scheme (ELSS) due to a 3-year lock-in period on each SIP). Also, an investor can opt for a flex SIP that allows investors to increase/decrease the amount being invested as per their requirement/financial situation.
Long Term Returns: SIPs have the potential to generate good returns in the long run. Systematic investments have an added benefit from the power of compounding and rupee cost averaging. SIP also increases the chances of an investor to invest in the scheme for a longer period.
Convenient: SIP is one of the most convenient methods of investing in a mutual fund. An investor is required to issue a standing instruction to your bank and facilitate auto-debits from your bank account. The entire process (fund selection to scheduling/redemption of the SIP investment) can be done online.

Features of Investing in Reliance SIP (Nippon India)

Following are some salient features of investing in Nippon India Mutual Funds through SIP

SIP helps to achieve the long-term financial goals of an individual
Facilitates disciplined investment over a long term
A SIP can be opened with a minimum amount of Rs. 500 and there is no upper limit on the maximum investment.

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How to Invest in Nippon India SIP

You can invest in Nippon SIP from the official website of Nippon Mutual Fund. Simply create/register an account, select the fund, add the bank details, and choose the SIP/Lump Sum option along with the initiation date. Once initiated, the investment is successful and the units will be allocated within a few days.

Documents Required for Nippon SIP

The following documents are required to buy Nippon’s SIP-

Application Form
KYC details - POI and POA
SIP/Bank Mandate/Auto Debit Application Form

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