Nippon India Asset Management Limited is a leading AMC in India with a diverse range of mutual fund schemes across equity, debt, and hybrid categories. It is a joint venture between Nippon Life Insurance Company and Reliance Capital Limited.
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Formerly known as Reliance Mutual Fund, Nippon India Mutual Fund (NIMF) was set up in June 1995 as a joint venture between India-based Reliance Capital and Japan-based Nippon Life Insurance company. In October 2019, Nippon bought Reliance’s stake and renamed the fund house Nippon India Mutual Fund. The AMC became the first one to be listed on the stock exchanges in 2017.
Nippon Life India Asset Management Limited (NAM India) is the asset manager of NIMF. NAM India’s promoters, Reliance Capital Limited and Nippon Life Insurance Company, hold 75.93% of its total issued and paid-up equity share capital.
As of March 31, 2023, Nippon India Mutual Fund managed assets worth ₹2.93 lakh crore spanning mutual funds, assets across alternative investments, pension funds, and offshore funds. As of the same date, Nippon Mutual Fund offered 59 primary schemes, of which 34 were equity, 22 debt, and 3 others, including liquid and gold schemes. It ranks at the 4th in terms of industry AUM.
Nippon India Mutual Fund Key Information
Founding date
30th June 1995
AMC Incorporation date
24th February 1995
Headquarters in
Mumbai
Name of the sponsors
Nippon Life Insurance Company
Trustee organisation
Nippon Life India Trustee Limited
MD and CEO
Mr Sundeep Sikka
Chief Investment Officer
Mr Amit Tripathi, Mr Manish Gunwani
Compliance Officer
Mr Muneesh Sud, Mr Nilesh Pednekar
Nippon India Mutual Fund Managers
VA
Vikas Agrawal
Fund Manager since Aug 2022 (2 years)
MD
Meenakshi Dawar
Fund Manager since Feb 2020 (5 years)
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Ms. Dawar is currently a Fund Manager at Reliance Mutual Fund. Before joining Reliance Nippon Life Asset Management Limited, she was a Fund Manager at IDFC mutual fund and Senior Associate at ICICI Securities. She did her MBA from IIM Ahmedabad and B.Tech from IGIT-Delhi.
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Anju Chhajer
Fund Manager since Mar 2023 (2 years)
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Anju Chhajer is a Chartered Accountant from the Institute of Chartered Accountants of India. Before joining Nippon Mutual Fund as Senior Fund Manager she worked at National Insurance Co. Ltd as a Treasury Incharge.
PS
Pranay Sinha
Fund Manager since Jun 2018 (6 years)
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Pranay Sinha did his PGDM, Finance from Indian Institute of Management, Calcutta. He worked at AXIS Bank, ICICI Mutual Fund, Morgan Stanley Investment Management, BNP Paribas and Birla Sun Life Asset Management Company before joining Nippon India Mutual Fund as the Senior Fund Manager.
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Sushil Budhia
Fund Manager since Oct 2008 (16 years)
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Sushil Budhia is a Chartered Accountant. He worked at YES Bank, Axis Bank and UTI Mutual Fund before joining Nippon India Mutual Fund.
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Vivek Sharma
Fund Manager since Aug 2024 (8 months)
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Mr. Vivek Sharma, Fund Manager – Equity at PGIM India Asset Management Pvt Ltd., has over 14 years of expertise in equity markets, research, and fund management. A PGDM in Finance, he rejoined PGIM in April 2024 after a tenure at Edelweiss Asset Management as a Fund Manager. Previously, he served as a Fund Manager at PGIM (2017–2023) and as a Research Analyst at ICICI Securities (2010–2017), showcasing his extensive experience across prominent financial institutions.
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Vinay Sharma
Fund Manager since Aug 2023 (1 year)
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Vinay Sharma is a Chartered Financial Analyst from CFA Institute. He worked at AIG Investments, ICICI Prudential before joining Nippon India Asset Management as the Equity Fund Manager.
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Sailesh Raj Bhan
Fund Manager since May 2018 (6 years)
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Mr. Bhan currently works at Reliance Nippon Life Asset Management Limited in Fund Management, where he manages the AMC’s flagship diversified equity schemes. Sailesh also manages the largest pharma sector fund in India, as well as the Reliance Consumption Fund – a broad-based consumption thematic product since 2004. He also advises on international mandates for certain strategies in the past few years.
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Amar Kalkundrikar
Fund Manager since Apr 2005 (20 years)
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Amar Kalkundrikar is a Chartered Accountant and Chartered Financial Analyst and did his MBA from Columbia Business School. He worked at HDFC Asset Management Company before joining Nippon India Mutual Fund.
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Ashutosh Bhargava
Fund Manager since Apr 2022 (3 years)
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Ashutosh Bhargava did his MBA from SVKM's Narsee Monjee Institute of Management Studies (NMIMS). He worked at J.P. Morgan and Reliance Mutual Fund before joining Nippon India Mutual Fund.
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Samir Rachh
Fund Manager since Sep 2017 (7 years)
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Samir Rachh did his graduation in Commerce from the VG Vaze (Kelkar College). He started his career in 1995 as the Managing Partner at Anvicon Research Associates. Later, he moved to Hinduja Finance and Emkay Global Financial Services before joining Nippon Mutual Fund as a Fund Manager.
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Rupesh Patel
Fund Manager since Feb 2015 (10 years)
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Mr. Rupesh has degrees in B.E.(Civil) and MBA (Finance). Before Nippon India Mutual Fund, he worked with Tata Asset Management Limited, Indiareit Fund Advisors Pvt. Ltd. and Credit Analysis & Research Ltd.
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Vikram Dhawan
Fund Manager since Apr 2022 (3 years)
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Mr Dhawan has a B.E (Mechanical) and PGD in Material Management. Before joining Nippon India Mutual Fund, he had worked with Nippon Life India AIF Management Limited, Reliance Capital Limited, Gold Matrix Pte, Vedanta Group, Zee Gold Refinery, N.M. Rothschild & Sons., Bank of Nova Scotia, Birla Copper (Hindalco) and Synthetics & Chemicals Ltd.
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Kinjal Desai
Fund Manager since Apr 2022 (3 years)
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Ms. Desai is the Fund Manager for Overseas Investments at Nippon India Mutual Fund. She obtained her Masters in Economics from Warwick University in UK.
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Himanshu Mange
Fund Manager since Aug 2024 (8 months)
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Himanshu Mange, an ETF Manager at Nippon India Mutual Fund, oversees their ETF dealing desk. A Mumbai University commerce graduate and Chartered Accountant, he has over four years of experience in the life insurance and asset management sectors, including a role at TATA AIA Life Insurance Co. Ltd.
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Amit Tripathi
Fund Manager since Apr 2019 (6 years)
How to Invest in Nippon India Mutual Fund via Angel One?
Investing in the Nippon India Mutual Fund is a quick and convenient process on Angel One. Follow these steps:
Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.
Note:You can open your Angel One demat account in under a few minutes by submitting the required documents if you do not have one.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:
Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests. You can also calculate the potential returns using the calculator.
Evaluate the fund’s level of risk and weigh it against your risk tolerance.
Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.
Consider the fund’s expense ratio to get an idea about the cost of investing in it.
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in:
Decide whether your want to invest in a lump sum or via monthly SIP.
Next, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking.
After placing the order, in case of the SIP route of investment, you can create a mandate to make hassle-free future instalments.
Documents Required To Invest in Nippon India Mutual Fund
Investing in Nippon India Mutual Funds through Angel One is a hassle-free and fully digital process, making it easy for both new and returning investors. To get started, you’ll need to provide the following essential documents:
PAN Card Details (Mandatory)
Personal Information (Full Name, Mobile Number, Email Address)
Address Proof – We recommend using your Aadhar Card, including both the front and back sides.
Bank Account Details, with a cancelled cheque if necessary.
Nominee details and FATCA Declarations.
Our user-friendly platform simplifies KYC verification, allowing you to access Nippon India Mutual Funds swiftly and efficiently. Your financial goals are now well within reach. In just 48-72 business hours, your KYC process will be completed, and you can start your mutual fund journey with confidence.
Top 10 Nippon India Mutual Fund to Invest
Scheme
Category
AUM (in ₹ Cr)
3-Yr Returns (%)
1 Yr Return (%)
Nippon India Power & Infra Fund
Equity
7,001.46
26.32
-1.86
Nippon India Growth Fund
Equity
33,033.09
22.02
7.71
Nippon India Multi Cap Fund
Equity
37,593.67
21.79
7.35
Nippon India Small Cap Fund
Equity
57,009.70
21.35
1.35
Nippon India Pharma Fund
Equity
8,160.74
19.80
9.50
Nippon India Value Fund
Equity
8,170.20
19.75
6.41
Nippon India Consumption Fund
Equity
2,184.16
19.60
9.45
Nippon India Nifty Midcap 150 Index Fund
Equity
1,625.48
19.27
1.75
Nippon India Gold Savings Fund
Commodity
2,439.26
18.40
37.28
Nippon India Large Cap Fund
Equity
35,667.30
18.39
7.17
Note: The above data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) among Nippon India Mutual Funds over the past 3 years.
1. Nippon India Power & Infra Fund
The Nippon India Power & Infra Fund is an open-ended equity scheme that primarily invests in companies within the power and infrastructure sectors. The fund aims to provide long-term capital appreciation by focusing on businesses involved in power generation, transmission, distribution, and infrastructure development.
Managed by Rahul Modi and Kinjal Desai, the scheme is benchmarked against the NIFTY Infrastructure Total Return Index. The fund imposes an exit load of 1% if units are redeemed or switched out within 1 month from the date of allotment.
2. Nippon India Growth Fund
The Nippon India Growth Fund is an open-ended equity scheme that primarily invests in mid-cap companies. The fund aims to provide long-term capital appreciation by identifying companies with high growth potential in the mid-cap segment.
Managed by Rupesh Patel, the scheme is benchmarked against the NIFTY Midcap 150 Total Return Index. The fund imposes an exit load of 1% if units are redeemed or switched out within 1 month from the date of allotment.
3. Nippon India Multi Cap Fund
The Nippon India Multi Cap Fund is an open-ended equity scheme that invests across large-cap, mid-cap, and small-cap stocks. The fund aims to provide long-term capital appreciation by diversifying investments across different market capitalisations.
Managed by Sailesh Raj Bhan, Ashutosh Bhargava, and Kinjal Desai, the scheme is benchmarked against the NIFTY 500 Multicap 50:25:25 Total Return Index. The fund imposes an exit load of 1% if units are redeemed or switched out within 1 month from the date of allotment.
4. Nippon India Small Cap Fund
The Nippon India Small Cap Fund is an open-ended equity scheme that invests predominantly in small-cap companies. The fund aims to provide long-term capital appreciation by selecting businesses with strong growth potential in the small-cap segment.
Managed by Samir Rachh, the scheme is benchmarked against the NIFTY Smallcap 250 Total Return Index. The fund imposes an exit load of 1% if units are redeemed or switched out within 1 month from the date of allotment.
5. Nippon India Pharma Fund
The Nippon India Pharma Fund is an open-ended equity scheme that invests in the pharmaceutical and healthcare sectors. The fund aims to generate long-term capital appreciation by focusing on companies engaged in the development, production, and marketing of pharmaceutical and healthcare products.
Managed by Sailesh Raj Bhan, the scheme is benchmarked against the NIFTY Pharma Total Return Index. The fund imposes an exit load of 1% if units are redeemed or switched out within 1 month from the date of allotment.
6. Nippon India Value Fund
The Nippon India Value Fund is an open-ended equity scheme that follows a value investing strategy. The fund aims to provide long-term capital appreciation by identifying and investing in fundamentally strong but undervalued companies.
Managed by Dhrumil Shah and Meenakshi Dawar, the scheme is benchmarked against the NIFTY 500 Value 50 Total Return Index. The fund imposes an exit load of 1% if units are redeemed or switched out within 1 month from the date of allotment.
7. Nippon India Consumption Fund
The Nippon India Consumption Fund is an open-ended equity scheme that invests in companies expected to benefit from the growth of consumer spending. The fund aims to provide long-term capital appreciation by focusing on sectors such as consumer goods, automobiles, media, and retail.
Managed by Amar Kalkundrikar, the scheme is benchmarked against the NIFTY India Consumption Total Return Index. The fund imposes an exit load of 1% if units are redeemed or switched out within 1 month from the date of allotment.
8. Nippon India Nifty Midcap 150 Index Fund
The Nippon India Nifty Midcap 150 Index Fund is an open-ended equity scheme that replicates the performance of the NIFTY Midcap 150 Index. The fund aims to provide returns that closely correspond to the total returns of the NIFTY Midcap 150 Index, subject to tracking error.
Managed by Himanshu Mange, the scheme offers investors exposure to a diversified portfolio of mid-cap companies. The fund does not impose any exit load.
9. Nippon India Gold Savings Fund
The Nippon India Gold Savings Fund is an open-ended fund of funds scheme that primarily invests in units of Nippon India ETF Gold BeES. The fund aims to provide returns that correspond to the performance of gold prices, enabling investors to gain exposure to gold without physical holding.
Managed by Himanshu Mange, the scheme is designed to track the domestic price of gold. The fund imposes an exit load of 1% if units are redeemed or switched out within 15 days from the date of allotment.
10. Nippon India Large Cap Fund
The Nippon India Large Cap Fund is an open-ended equity scheme that primarily invests in large-cap companies. The fund aims to generate long-term capital appreciation by investing in well-established businesses with strong fundamentals.
Managed by Sailesh Raj Bhan and Bhavik Dave, the scheme is benchmarked against the NIFTY 100 Total Return Index. The fund imposes an exit load of 1% if units are redeemed or switched out within 1 month from the date of allotment.
Should I invest in the Nippon India Mutual Fund scheme?
Whether you should invest in Nippon India Mutual Fund schemes or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.
How to start Nippon India Mutual Fund SIP online?
There are two ways to do this. For a hassle-free investing experience, you can invest in Nippon India Mutual Fund SIP online through Angel One app or web platform. This will allow you to track all your investments in one place. Alternatively, you can start investing in Nippon India Mutual Fund SIP online through AMC’s official website.
How to redeem Nippon India Mutual Fund online?
There are two ways of doing this. You can initiate your redemption request by visiting the Angel One web platform or app. Alternatively, you can also redeem your investments by visiting the AMC website.
How much time does it take to redeem Nippon India Mutual Fund?
The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.
What are the redemption charges of Nippon India Mutual Fund?
This depends on the individual scheme’s exit load. For more details, you can read the mutual fund scheme document.
How to increase the SIP amount in Nippon India Mutual Fund?
You can increase the SIP amount in Nippon India Mutual Fund in two ways. First, by visiting the AMC's website. Second, by going to the Mutual Funds section on https://www.angelone.in/mutual-funds or the Angel One App.
How can I get the Nippon India Mutual Fund statement?
You can get the Nippon India Mutual Fund account statement on the Angel One App or web platform. Simply head to the Mutual Fund section. Alternatively, you can get the statement by visiting the AMC’s official website.
Are Nippon India Mutual Fund schemes tax-free?
Nippon India Tax Saver Fund is an ELSS (Equity Linked Savings Scheme) fund from the Nippon India Mutual Fund. This allows you to claim a tax deduction of up to ₹1.5 lakh per financial year under Section 80C of the Income Tax Act, 1961. You can deduct this from your total income.
