Nippon India Mutual Fund

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Nippon India Mutual Fund, formerly Reliance Mutual Fund, is an asset management company (AMC) that was formed as result of Japan’s Nippon Life Insurance Company buying Reliance’s stake. The fund house offers a host of products tailored for investors to meet their varied investment goals.

Types of funds offered by Nippon India Mutual Fund

Nippon India Mutual Fund offers 52 schemes in the equity, debt, gold, and liquid categories. In addition to this, it also offers funds in other categories such as retirement, ETF, and NFOs (New Fund Offers). The features of all the schemes of Nippon India Mutual Fund have been explained below:

Equity Funds by Nippon India Mutual Fund

Funds which invest in equities of companies (large, mid, and small cap) are known as equity funds or stock funds and in this category, This Mutual Fund presents 37 funds. The features of the schemes have been listed below.

Nippon India Vision Fund

–This is an open-ended equity scheme that invests in equities of large and mid cap firms.

Investment Objective – To achieve capital appreciation for the investor over a long term by investing in equity and its related securities following a research-based approach.
Ideal for – Investors who wish to achieve capital growth over a long term and who prefer to invest in equity and its related securities of large and mid cap firms.

Scheme features:

Benchmark Index	S&P BSE 250 LargeMidcap Index
Investment Options	Direct and regular plans – Growth and dividend options
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	1% exit load will be charged if investor exits before 1 year from unit allotment date. No exit load for exit after 1 year
Riskometer	Very High
Fund Manager	Mr. Amar Kalkundrikar, Mr. Aishwarya Agarwal

Nippon India Large Cap Fund

This schemes was previously known as Nippon India Top 200 Fund and it is an open-ended equity scheme that mainly invests in stocks of firms with large market capitalisation.

Investment Objective – The primary objective is to generate capital growth for the investor through investment in stocks of large cap companies. The secondary objective of the fund is to provide returns with consistency through investment in REITs, InvITs, money market and debt instruments.
Ideal for – Investors who are looking at growing their capital over a long term and wish to invest in large cap stocks having an established business model.

Scheme features:

Benchmark Index	S&P BSE 100
Investment Options	Direct and regular plans – Growth and dividend options
Minimum Investment	Rs.100
Entry Load	Not Applicable
Exit Load	Investors can redeem 10% of units before 1 year from allotment date without being charged an exit load. An exit load of 1% will be charged for redemption above 10% before 1 year on First In First Out (FIFO) basis. No exit load for redemption/switch out after 1 year
Riskometer	Very High
Fund Manager	Mr. Sailesh Raj Bhan, Mr.Ashutosh Bhargava

Nippon India Index Fund – Nifty 50 Plan

This is an open-ended scheme that tracks the Nifty 50 Index but is subject to tracking errors. The scheme invests in securities that constitute the Nifty 50 Index in the same proportion.

Investment Objective – To generate returns similar to the returns offered by the Nifty 50 Index.
Ideal for – Investors who seek capital gains over a long term and who wish to receive returns similar to that provided by the Nifty 50 Index.

Scheme features:

Benchmark Index	Nifty 50 Index
Investment Options	Regular and Direct plans with options of Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	0.25% exit load will be charged if investor exits before 7 days from unit allotment date. No exit load if the investor exits after 7 days of allotment date
Riskometer	Moderately High
Fund Manager	Ms. Payal Wadhwa Kaipunjal

Debt Funds by Nippon India Mutual Fund

Debt schemes are those that invest in fixed income securities and are ideal for anyone looking to preserve their capital as these schemes come with low risks. Some of the fixed income securities that debt funds may invest in are bonds (short term or long term), government securities, money market instruments, etc.

Nippon India Mutual Fund offers 13 schemes in the debt category and their features have been given below:

Nippon India Floating Rate Fund

Nippon India Floating Rate Fund – This scheme was previously called as Nippon India Floating Rate Fund-Short Term Plan and is an open-ended debt scheme that mainly invests in floating rate securities including fixed rate securities that have been converted to floating rate exposures using derivatives/swaps.

Investment Objective – To produce regular income for the investor through investments in money market, floating rate, and fixed rate debt securities.
Ideal for – Investors who seek income over a short term and prefer to invest in floating rate securities.

Scheme features:

Benchmark Index	CRISIL Liquid Fund Index
Investment Options	Direct and regular plans with growth and dividend options
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Nil
Riskometer	Moderate
Fund Manager	Ms. Anju Chhajer

Nippon India Hybrid Bond Fund

This open-ended hybrid scheme was previously known as Nippon India Monthly Income Plan and mainly invests in debt securities. It also allocates a minor portion to equity and its related securities.

Investment objective – To produce frequent income for the investor while growing the capital through investments in debt securities.
Ideal for – Investors who wish to receive regular income over a long term and prefer to invest in a mix of equity and debt securities.

Scheme features:

Benchmark Index	CRISIL Hybrid 85+15 – Conservative Index
Investment Options	Direct and regular plans with growth and dividend options
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	No exit load will be charged for 10% of units if investor redeems/switch out before 1 year from unit allotment date. However, redemption/switch out before 1 year will attract an exit load of 1% for units over 10%. No exit load for exit after 1 year
Riskometer	High
Fund Manager	Mr. Sushil Budhia, Mr. Dhrumil Shah

Gold Funds by Nippon India Mutual Fund

Nippon India Gold Savings Fund

This is an open-ended Fund of Fund (FoF) scheme that employs an investment strategy that is designed to mimic the performance of the Nippon India ETF Gold BeEs by investing in it.

Investment objective – To offer returns that closely match the returns offered by Nippon India ETF Gold BeEs.
Ideal for – Investors who wish to achieve capital gains over a long term and returns similar to the Nippon India ETF Gold BeEs.

Scheme features:

Benchmark Index	Domestic price of gold
Investment Options	Direct and regular plans with growth and dividend options
Minimum Investment	Rs.100
Entry Load	Not Applicable
Exit Load	1% of exit load will apply if the investor redeems/switches out before 1 year from unit allotment date. No exit load, thereafter.
Riskometer	High
Fund Manager	Mr. Himanshu Mange

Liquid Funds by Nippon India Mutual Fund

Nippon India Liquid Fund

This plan was previously known as Nippon India Liquid Fund-Treasury Plan and is an open-ended liquid scheme that invests in debt and money market securities with a maturity of up to 91 days. Under normal market conditions, the portfolio’s average maturity can range between 30 and 60 days.

Investment Objective – To produce most favourable returns for the investor with moderate degree of risk and also offer high liquidity through investment in debt and money market securities.
Ideal for – Investors who have a low appetite for risk and wish to receive income over a short term through investment in fixed income securities.

Scheme features:

Benchmark Index	CRISIL Liquid Fund Index
Investment Options	Direct and regular plans with growth and dividend options
Minimum Investment	Rs.1000
Entry Load	Not Applicable
Exit Load	Nil
Riskometer	Moderate
Fund Manager	Ms. Anju Chhajer, Mr. Siddharth Deb

Eligibility for investing in Nippon India Mutual Fund

The below list of persons/entities are eligible to subscribe to the units of Nippon India Mutual Fund:

Adult individuals residing in India, either singly or jointly (cannot exceed 3 people)
Minors through legal guardian or parent
Hindu Undivided Family (HUF)
Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) on repatriation or non-repatriation basis
Companies, corporate bodies, Public Sector Undertakings (PSUs), Societies registered under the Societies Registration Act, 1860
Partnership firms formed under the Partnership Act, 1932
Religious and Charitable Trusts, Wakfs or endowments of private trusts
Qualified Foreign Investor and Foreign Portfolio Investor
Unincorporated body of persons as may be accepted by RCTC
Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
Scientific and Industrial Research Organisations
Special Purpose Vehicles (SPVs) approved by appropriate authority
Army, Navy, Air Force, and other paramilitary funds
International Multilateral Agencies approved by the RBI and Government of India
Mutual fund schemes registered with SEBI (Securities and Exchange Board of India)

Documents required for investing in Nippon India Mutual Fund

When investing in schemes of Nippon India Mutual Fund, the investor will need to fill up an application form furnishing his/her personal details, name of the scheme, investment options, and the plan he/she wishes to invest in. The form needs to be submitted along with the below-given documents:

Acknowledgement of KYC (Know Your Customer) process
Cancelled cheque in case of an SIP (Systematic Investment Plan) with an ECS facility
Minors need to submit a third party declaration form and proof of relationship with the parent or guardian.
Other entities need to submit the below-given documents:

How to invest in Nippon India Mutual Fund online?

There are 2 ways in which an investor can invest in the schemes of Nippon India Mutual Fund – online and offline. To invest through the online mode, investors need to follow the below given steps:

Visit the official site of Nippon India Mutual Fund at www.Nippon Indiamutual.com.
On the right hand side top corner, there is a ‘Register’ button that the investor needs to click on.
Once the registration is done, the investor can login using the username and password.
If the investor is investing for the first time or he/she wishes to invest without logging in, he/she needs to click on the ‘Invest Without Login/First Time Investor’ button and enter the PAN (Permanent Account Number).
On entering the PAN, the system will verify if the investor is KYC (Know Your Customer) compliant.
Once it is verified, the investor can select a scheme, make an online payment and start investing.

To invest offline, investors can simply visit a branch office of Nippon India Mutual Fund or speak to a distributor of Nippon India Mutual Fund. The investor will then be provided an application form accordingly which he/she needs to fill up and submit at the branch or to the distributor along with the necessary documents.

Why invest in Nippon India Mutual Fund?

Robust distribution network – Nippon India Mutual Fund has one of the broadest distribution networks in India and even expands to Mauritius, Singapore, and United Kingdom. Across India, its network spans to almost 160 locations.
Lineage – Nippon India Mutual Fund is managed by Nippon India Nippon Life Asset Management Limited (RNAM) which is a part of Nippon India Capital Ltd (RCL). RCL is a registered NBFC (Non-Banking Financial Company) with the Reserve Bank of India (RBI). Also, 49% of stakes in Nippon India Mutual Fund are held by Nippon Life Insurance, a global insurance provider. With such a rich lineage, your money definitely is in trustworthy hands.
Expertise – The fund managers at Nippon India Mutual Fund are experts in managing investments and come with a rich experience of many years across asset classes. In addition to that, the fund managers are backed by a team of risk management specialists who ensure that your investment is well protected.
Pioneering trends – Nippon India Mutual Fund always endeavours to offer simplified investment solutions to investors and was the first in the industry to launch a Nippon India Gold Savings Fund, an open-ended Fund of Fund (FoF).
The people’s choice – The fund house has served investors for almost 2 decades offering various products to cater to various categories of investors such as banks, retail investors, trusts, financial institutions, government entities, corporates, etc. This is an indication that it is a brand trusted by many investors.