Overview: Nippon India Mutual Fund (Former Reliance Mutual Fund)


Nippon India Mutual fund (Former Reliance Mutual Fund)

 

Nippon India Mutual Fund (formerly known as Reliance Mutual Fund) is one of India’s top mutual fund companies, with Average Assets Under Management of Rs. 1,80,060.69 Crores​​ for the April 2020 to Jun 2020 Quarter and Rs. 91.19 lakhs folios dated on​ June​ 30, 2020​​​

Nippon India Mutual Fund (NIMF) is one of the fastest growing mutual funds in India. The mutual fund company is known to offer investors a diversified range of mutual funds, and a well-rounded portfolio of products to meet a colourful range of investor requirements. It’s active in over 300​ cities dated on​ March 31, 2019​​ across the country.

NIMF works to launch innovative products and customer service initiatives to increase value to investors. It was formed to launch various schemes under which units are issued to the public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.

Nippon India Mutual Fund was earlier known to people as Reliance​​​ Mutual Fund. The name was changed from Reliance Mutual Fund to Nippon India Mutual Fund September 28, 2019 onwards.

The company was set up in June 1995 as Reliance Mutual Fund. It was a joint venture between India’s Reliance Capital and Japan’s Nippon Life Insurance company. In October 2019, Reliance’s stake was bought by Nippon, and the fund house was renamed as Nippon India Mutual Fund. Nippon India Mutual Fund has been registered with the Securities ​​& Exchange Board of India (SEBI) with registration number MF/022/95/1 dated June 30, 1995.

Nippon India Mutual Fund’s (former Reliance Mutual Fund) main objective is to formulate and create various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders. Further, it is to deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings.

List of Funds Offered by Nippon India Mutual Fund (Former Reliance Mutual Fund)

Here are the funds offered by Nippon India Mutual Fund house:

1. Equity Mutual Funds

2. Debt Mutual Funds

3. Hybrid Mutual Funds

4. Solution & Other Funds

Fund Managers for Nippon India Mutual Fund (Former Reliance Mutual Fund) 

Here’s a list of top fund managers in NIMF:

1. Sailesh Raj Bhan

Mr. Sailesh Raj Bhan has over 24 years of experience in Indian Equity Markets with over 15 years at Reliance Nippon Life Asset Management Limited in Fund Management. Sailesh also manages the Largest Pharma Sector Fund in India since its inception 15 years back in May 2004, in addition to managing Reliance Consumption Fund – a broad based Consumption Thematic product since 2004.

An MBA in finance, he is currently managing 12 schemes with an AUM of ₹21,845 Cr. These schemes include Nippon India Pharma Fund, Nippon India Consumption Fund, Nippon India Large Cap Fund, and Nippon India Multi Cap Fund. He has also been advising on international mandates for some strategies for the last 5 years.

2. Samir Rachh

Samir Rachh is a senior member of the Nippon India Mutual Fund house. With an overall experience of more than 29 years, he is an expert in mid cap and small cap stocks.
Before joining NIMF, he spent five and half years with Capital Market Magazine as Assistant Editor, 3 Years running own research and investment advisory firm Anvicon Research as managing partner, 5 years with Hinduja Finance managing funds and research, and 4 years with Emkay Global Financial Services Ltd, of which two years as Head of Institution Research and two years as head of PMS.

Rachh has been a member of NIMF for the last 13 years. Rachh graduated in commerce from V.G Gaze college from the University of Mumbai. He is currently managing 3 schemes with an AUM of ₹8,495 Cr including Nippon India Small Cap Fund.

3. Sanjay H Parekh

Sanjay H Parekh is a senior fund manager at Nippon India Mutual fund house right now. He has 24 years experience in Equity Research and Fund Management. Equity Research in the first 10 years was across sectors followed by Fund Management in the last 14 years.

Prior to joining Reliance Nippon Life Asset Management in March 2012 , he worked as Senior Fund Manager in ICICI Prudential Asset Management Company For 4 years from 2008-2012 & was Head of Investment at ASK Investment Managers Ltd for 3 years from 2005-2008. Currently he is managing 23 schemes with an AUM of ₹15,162 Cr including Nippon India Hybrid Bond Fund, Nippon India Equity Savings Fund,

4. Mr. Sanjay Doshi

Mr. Sanjay Doshi is a fund manager for Nippon India mutual fund. He has over 13 years of experience in equity research and fund management. Before joining Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) in 2011, he has worked with Macquarie Securities and JP Morgan.

He is a qualified Chartered Accountant, has done MBA with specialization in Finance from NMIMS (Deemed University), Mumbai and has cleared CFA Level III. Currently, he is managing an AUM of ₹5,093 Cr for 10 Schemes. These include Nippon India Vision fund, Nippon India Retirement Fund and Nippon India Power & Infra Fund.

5. Amit Tripathi

Amit Tripathi is the Chief Investment officer (CIO) of fixed income in NIMF. Today, he manages a team of 20 professionals working actively in the fixed income department of the AMC. He brings over 20 years of experience in Financial Services during which he has been with NIMF for around 14 years.

Amit has been an indispensable part of NIMF’s journey to become one of the largest and most respected fund houses in the country. He has successfully managed various fixed income and hybrid funds which have been recognized for superior performance both nationally and internationally. Currently he is managing Nippon India Multi Asset Fund with a massive AUM of ₹12,401 Cr.

6. Vishal Jain

Vishal Jain is currently heading the ETF department of NIMF. He joined NIMF only in 2917 before which he was working as the CEO of Food Ideas Pvt. Ltd. Prior to that he was the executive director of Goldman Sachs from 2011 to 2015, the Chief Investment Officer in Benchmark Asset Managementcompany from 2000 to 2011 and a Senior Manager in CRISI from 1997 to 2000.

He got his PGDM from the Goa Institute of Management in 1996 and has total experience of 22 years in the financial services.

7. Anju Chhajer

Anju Chhajer is a Debt Fund Manager at NIMF for the last 13 years. Before joining NIMF in 2007, she worked as the treasury incharge at National Insurance Co. Ltd.where she used to manage the debt investment portfolio of the company. Overall, she has over 16 years of experience in financial services.  

She is a Chartered Accountant and had graduated in Commerce from Shib Nath Shastri College, Kolkata. Currently, she manages 45 schemes with a total AUM of ₹65,628 Cr including Nippon India US Equity Opportunities Fund, Nippon India Japan Equity Fund and Nippon India Floating Rate Fund.

Documents Required To Invest in Nippon India Mutual Fund Online

Investing in Reliance Mutual Funds is a fairly easy process with Sqrrl. If you are investing for the first time, then you need to get your KYC verification done. “Know Your Customer” or KYC is done by Securities & Exchange Board of India (SEBI). It helps to avoid bank fraud, money laundering and any other malicious activities.

All you need to do is submit a few personal documents which takes 1-2 minutes. After that, the process for bank verification takes 2-5 working days. Once you are KYC verified, all the transactions become simple and straightforward. Here’s a list of documents you need to complete your KYC verification:

1.Address Proof – Aadhar card, Voter ID, Passport with both sides against a dark background
2. PAN Card – Against a dark background.
3. Signature – On a blank white paper.
4. Selfie – An appropriate picture against a white background.

Popular Fund Offered by Nippon India Mutual Fund (Former Reliance Mutual Fund)

Here’s a list of the most popular funds offered by Nippon India Mutual Fund (Former Reliance Mutual Fund):

1. Nippon India Large Cap Fund (Former Reliance Large Cap Fund)

Nippon India large cap fund

Nippon India Large Cap Fund (Former Reliance Large Cap Fund) has 99.09% investment in Indian stocks out of which 74.45% is in large cap stocks, 12.24% is in mid cap stocks, 3.2% in small cap stocks. It is suitable for investors who are looking to invest money for at least 3-4 years and looking for high returns. At the same time, they should not be very risk averse.

The primary investment objective of Nippon India Large Cap Fund scheme is to seek to generate long term capital appreciation by investing predominantly into equity and equity related instruments of large cap companies. The secondary objective is to generate consistent returns by investing in debt, money market securities, REITs and InvITs.

Fund Manager –  Sailesh Raj Bhan
Fund Size –  ₹ 10237.53 Cr
Expense Ratio – 1.83%
Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

-3.29%

0.49%

6.29%


2. Nippon India Small Cap Fund (Former Reliance Small Cap Fund)

Nippon India Small Cap Fund has 96.21% investment in Indian stocks of which 5.86% is in large cap stocks, 9.1% is in mid cap stocks, and 75.13% in small cap stocks.It is suitable for investors who are looking to invest money for at least 3-4 years and looking for very high returns. This is a high risk, high return type of scheme.

The primary investment objective of Nippon India Small Cap Fund scheme is 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.

Fund Manager –  Samir Rachh
Fund Size –  ₹ 8,321.91 Cr
Expense Ratio – 2.13%
Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

12.79%

0.66%

10.86%

 

3. Nippon India Tax Saver Fund (Former Reliance Tax Saver Fund)

Nippon India Tax saver Fund

Nippon India Tax Saver Fund has over 29% investments in the finance sector and over 16% in the energy sector and over 10% in consumer cyclicals. Be prepared to lock in your fund for 3 years since it is mandatory for ELSS funds to have an investment horizon of at least 3 years.

The primary objective of Nippon India Tax Saver Fund scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. However, there can be no assurance that the scheme’s investment objective shall be achieved.

Fund Manager –  Ashwin Kumar
Fund Size –  ₹ ₹8,610 Cr
Expense Ratio – 1.24%
Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

-6.89%

-8.99 %

1.68 %

 

4. Nippon India Growth Fund

Nippon India Growth Fund

Nippon India growth fund has over 19% investments in the healthcare sector, and consumer cyclical sectors each while above 15% in the finance sector itself. As a mid cap fund, anyone with an investment horizon of less than 5 years should not invest in this fund.

The primary investment objective of the Nippon India Growth Fund scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach.

Fund Manager – Tejas Seth
Fund Size –  ₹ 6508.65 Cr.
Expense Ratio – 1.83%
Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

9.53 %

2.27 %

2.27 %

 

5. Nippon India Balanced Advantage Fund

Nippon India Balanced Advantage Fund

Nippon India Balanced Advantage Fund has 68.19% investment in Indian stocks of which 42.59% is in large cap stocks, 11.56% is in mid cap stocks, and 6.94% in small cap stocks. The fund has 22.23% investment in Debt of which, 19.56% in funds invested in very low risk securities.

The investment objective of Nippon India Balanced Advantage Fund scheme is to capitalize on the potential upside in equity markets while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.

Fund Manager –   Ashutosh Bhargava, Prashant Pimple, Manish Gunwani
Fund Size –  ₹ 2,875.51 Cr
Expense Ratio – 2.03%
Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

4.60%

3.69%

7.88%

 

6. Nippon India Multi Cap Fund

Nippon India Multi Cap Fund

Nippon India Multi Cap Fund has 99.06% investment in Indian stocks out of which 51.25% is in large cap stocks, 24.75% is in mid cap stocks, and 15.7% in small cap stocks. It is suitable for investors who are looking to invest money for at least 3-4 years and looking for high returns. At the same time, these investors should not be risk averse.

The primary investment objective of Nippon India Multi Cap Fund scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Fund Manager –  Sailesh Raj Bhan
Fund Size –  ₹ 7,501.44 Cr
Expense Ratio – 1.93%
Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

-7.85%

-1.89%

2.75%

Written by

Priyanshi Bhardwaj