Nippon India Mutual Fund

Nippon India Mutual Fund is one of the leading and fastest-growing asset management companies in India. The company was established in 1995, and was earlier known as Reliance Mutual Fund. The name of the mutual fund was changed to Nippon India Mutual Fund in September 2019.

Nippon India Mutual Fund aims to offer diversified and well-rounded mutual fund investment solutions to the investors in order to provide an opportunity to invest in diversified securities to achieve their investment goals.

Nippon India Mutual Fund offers a wide variety of schemes under various categories - equity funds, debt funds, hybrid funds, etc. that are suitable for every type of investor with a diverse risk-return spectrum. Investors can choose the funds depending on their investment goal, time frame, risk appetite, and liquidity preference.

Nippon India Mutual Fund has a countrywide presence with its branch offices in 300 cities with ₹91.19 lakhs folios (as of 30th June 2020). The company manages a total AUM (Asset Under Management) of ₹200,867.47 Cr as of 31st August 2020.

Nippon India Mutual Fund serves a diverse range of investors with varying investment requirements, time frame, return expectations, and risk tolerance. The performance of funds is calculated based on a variety of factors such as portfolio constituents, past performance. etc. Currently, investors can choose from 39 Nippon India Mutual Fund schemes across different fund categories. Check out the list of top-performing Nippon India Mutual Funds across various fund categories below.

Equity funds of the Nippon India Mutual Fund invest in equity-related instruments and equity derivatives to provide the benefit of capital appreciation over the long-term horizon. With the widespread diversification, equity funds of the Nippon India Mutual Fund are offered under various categories such as large-cap funds, mid-cap, multi-cap, and small-cap funds. The degree of risk associated with these funds varies from high to moderately high. Currently, there are 18 open-ended equity schemes offered by Nippon India Mutual Fund. The total assets managed under the equity category is ₹73,812.52 Cr. as of 31st Aug 2020.

The below is a list of the top-performing Nippon India Mutual Funds in the equity category.

Debt funds of Nippon India Mutual Fund seek to provide regular income and an opportunity for reasonable capital appreciation. These funds invest in debt instruments and money market instruments. As the portfolio consists of instruments like government securities, corporate bonds, treasury bills, commercial paper, and term deposits, the risk associated with these debt funds ranges from low to moderate. Conservative investors with a low-risk appetite can consider these funds for their short-term goals. Currently, Nippon India Mutual Fund offers 14 open-ended schemes in the debt category. The total assets managed under the debt category is ₹79,716.99 Cr. as of 31st Aug 2020.

The below is a list of the top-performing Nippon India Mutual Funds in the debt category.

Hybrid funds of Nippon India Mutual Fund invest in two or more types of asset classes (usually both debt and equity-related instruments) to provide the investors with a combination of long-term capital appreciation and steady income. The proportion of debt and equity components depends on the scheme's overall objective.

Nippon India Mutual Funds offer a diverse range of hybrid funds with varying risk quotients ranging from moderately low to moderately high. Currently, there are six Hybrid schemes offered by Nippon India Mutual funds.

Here is a list of five top-performing Nippon India Mutual Funds in the hybrid category.

Tax Saving Mutual Funds of Nippon India fall under the category of ELSS (Equity Linked Savings Scheme). They offer the benefit of capital appreciation through diversified investments into equity along with income tax benefit under Section 80C of the Income Tax Act, 1961. Investments in this mutual fund scheme are subject to a mandatory lock-in period of three years. ELSS funds generate inflation-beating returns but have a lock-in of 3 years. However, this lock-in tenure is short as compared to other tax-saving investment avenues. One can invest in these Nippon India Mutual Funds online for as low as ₹500.

There is only one open-ended Nippon India Tax Saving fund called Nippon India Tax Saver (ELSS) Fund with an AUM of ₹8,937.30 crores as of 31st Aug 2020 which has a 3-year lock-in period.

Below are the details of Nippon India Tax Saving Fund performance:

• Nippon India Floating Rate Fund

  • Investment Objective:

    TThe fund objective of the Nippon India Floating Rate Fund is to generate regular income through predominantly investing in floating rate and fixed-rate debt instruments and money market instruments. If you are seeking to invest in low-risk investment options for the short-term, this scheme can be an ideal choice.

  • Fund Details:

    TThe fund category is 'Floater Funds' under Debt funds with an AUM of ₹12,639.04 Crores as of 31st Aug 2020. The scheme was launched on 27-Aug-2004. This Nippon India Mutual Fund NAV for the Direct Plan, Growth was ₹34.78 as on 15-Sep-2020 and the same for Regular Plan, Growth was ₹33.55. The fund has given a 7.84% average annualized return (CAGR) since inception. The benchmark for this scheme is CRISIL Short-term Bond Fund Index and the fund manager is Ms. Anju Chhajer.

    The expense ratio of the Nippon India Floating Rate Fund is 0.20% for direct plans and the same for regular plans is 0.57%. There would be no exit load applicable to the investments in the fund.

    Nippon India Floating Rate Fund mainly invests in GOI securities, Central Government loans, and debentures. Here is the detailed table on holding for this scheme.

    The portfolio holdings as of 31st Aug 2020 is:

    Company	Instrument	% of Total AUM
    7.32% GOI 28/01/2024	GOI Securities	12.69
    7.35% GOI 22/06/2024	Central Government Loan	6.99
    6.99% HDFC 13/02/2023	Debenture	4.24
    7.04% Power Finance Corp. 14/04/2023	Non-Convertible Debenture	3.28
    7.45% LIC Housing Fin. 2023	Non Convertible Debenture	3.21
    Reliance Industries 17/04/2023	Non-Convertible Debenture	2.98
    8.50% National Bank Agr. Rur. Devp	Debenture	2.93
    8.42% Orissa State 25/07/2023	State Development Loan	2.88
    6.18% GOI 2024	GOI Securities	2.8
    7.25% Larsen & Toubro 24/04/2023	Non-Convertible Debenture	2.37
    8.21% Haryana State 31/03/2023	State Development Loan	2.33
    8.21% Haryana State 31/03/2024	State Development Loan	2.11
    8.60% India Grid Trust 31/08/2028	Non-Convertible Debenture	2.09
    8.50% L&T Infrastructure Finance 17/02/2023	Debenture	2.09
    HDB Financial Services 2021	Debenture	1.94
    7.12% REC 31/03/2023	Non-Convertible Debenture	1.74
    Tata Capital Financial Services 29/04/2022	Debenture	1.7
    8.95% Jamnagar Utilities and Power 26/04/2023	Debenture	1.6
    Axis Finance 2023	Zero-Coupon Bonds	1.55
    7.20% Sikka Ports and Terminals 16/06/2023	Zero-Coupon Bonds	1.53
    First Business Receivable Trust	Securitised Debt	1.52
    REC 13/12/2022	Debenture	1.37
    7.80% Nabha Power 23/04/2023	Debenture	1.3
    7.21% HDFC 30/12/2022	Debenture	1.29
    6.59% IRFC 14/04/2023	Debenture	1.28

    The minimum lump sum investment in Nippon India Floating Rate Fund is ₹5,000 and for SIP it is ₹500.

• Nippon India Large Cap Fund

  • Investment Objective:

    The Objective of the Fund Nippon India Large Cap Fund is to generate long-term capital appreciation by investing in equity and equity-related securities of large-cap companies. The fund also seeks to generate consistent returns by investing a small part of the corpus into debt securities, REITs, and InvITs.

  • Fund Details:

    The fund category is 'Large-cap Funds' under Equity funds with an AUM of ₹10,565.02 Crores as of 31st Aug 2020. The scheme was launched on 08-Aug-2007. This Nippon India Mutual Fund NAV for the Direct Plan, Growth was ₹33.41 as on 15-Sep-2020 and the same for Regular Plan, Growth was ₹31.19. The fund has given a 9.15% average annualized return (CAGR) since inception. The benchmark for this scheme is S&P BSE 100 TRI Index and the fund manager is Mr. Sailesh Raj Bhan.

    The expense ratio of the Nippon India Large Cap Fund is 1.02% for direct plans and the same for regular plans is 1.76%. There would be an exit load of 1% if you redeem within 7 days from the date of investment.

    Nippon India Large Cap Fund mainly invests in the financial, technology, and FMCG sectors. Here is the detailed table on holding for this scheme.

    The portfolio holdings as of 31st Aug 2020 is:

    Company	Sector	% of Total AUM
    HDFC Bank	Financial	6.83
    ICICI Bank	Financial	6.13
    Infosys	Technology	6.12
    Axis Bank	Financial	6.08
    ITC	FMCG	5.85
    State Bank of India	Financial	5.19
    Bharti Airtel	Communication	4.16
    Tata Steel	Metals	3.31
    NTPC	Energy	2.95
    HCL Technologies	Technology	2.94
    Larsen & Toubro	Construction	2.85
    Honeywell Automation	Engineering	2.71
    Divi's Laboratories	Healthcare	2.65
    Sun Pharmaceutical Inds.	Healthcare	2.55
    Coal India	Energy	2.53
    HDFC	Financial	2.43
    HPCL	Energy	2.28
    Reliance Industries Ltd - Partly Paid Equity	Energy	2.25
    Indian Hotels	Services	2.25
    Tata Consultancy Services	Technology	2.13
    BPCL	Energy	2
    Reliance Industries	Energy	1.57
    United Spirits	FMCG	1.52
    ABB	Engineering	1.52
    Ashok Leyland	Automobile	1.47

    The minimum lump sum investment in Nippon India Large Cap Fund is ₹5,000 and for SIP it is ₹500.

• Nippon India Tax Saver (ELSS) Fund

  • Investment Objective:

    The Objective of the Fund Nippon India Tax Saver (ELSS) Fund is to provide an opportunity to create wealth over the long-term by investing in equity and equity-related instruments of companies across market capitalisation. The fund also offers tax benefit under Section 80C of the Income Tax Act, 1961.

  • Fund Details:

    The fund category is 'Equity Linked Savings Scheme (ELSS)' under Equity funds with an AUM of ₹8,937.30 Crores as of 31st Aug 2020. The scheme was launched on 21-Sep-2005. This Nippon India Mutual Fund NAV for the Direct Plan, Growth was ₹49.13 as on 15-Sep-2020 and the same for Regular Plan, Growth was ₹45.84. The fund has given a 10.68% average annualized return (CAGR) since inception. The benchmark for this scheme is S&P BSE 100 TRI Index and the fund managers are Mr. Sanjay Parekh and Mr. Ashutosh Bhargava.

    The expense ratio of the Nippon India Tax Saver (ELSS) Fund is 1.24% for direct plans and the same for regular plans is 1.74%. There would be no exit load applicable for the fund investment. However, there is a lock-in period of three years applicable to the investments.

    Nippon India Tax Saver (ELSS) Fund mainly invests in the energy, financial, and technology sectors. Here is the detailed table on holding for this scheme.

    The portfolio holdings as of 31st Aug 2020 is:

    Company	Sector	% of Total AUM
    Reliance Industries	Energy	9.88
    HDFC Bank	Financial	8.96
    Infosys	Technology	6.99
    ICICI Bank	Financial	6.57
    HDFC	Financial	5.34
    Bharti Airtel	Communication	4.25
    Larsen & Toubro	Construction	3.35
    State Bank of India	Financial	2.93
    HPCL	Energy	2.9
    Sun Pharmaceutical Inds.	Healthcare	2.7
    BPCL	Energy	2.48
    Ashok Leyland	Automobile	2.32
    Linde India	Chemicals	2.31
    NTPC	Energy	2.14
    Axis Bank	Financial	2
    Hindustan Unilever	FMCG	1.92
    ITC	FMCG	1.88
    Kotak Mahindra Bank	Financial	1.76
    Nestle India	FMCG	1.73
    HCL Technologies	Technology	1.69
    Cholamandalam Financial Holdings	Financial	1.37
    Indian Hotels	Services	1.15
    Vesuvius India	Construction	1.12
    Honeywell Automation	Engineering	1.11
    TVS Motor Co.	Automobile	1.03

    The minimum lump sum investment in Nippon India Tax Saver (ELSS) Fund is ₹500 and for SIP also it is ₹500.

• Nippon India Small Cap Fund

  • Investment Objective:

    The Objective of the Fund Nippon India Small Cap Fund is to generate long-term capital appreciation by investing in equity related instruments of small-cap companies. These funds involve a high degree of risk. If you are an aggressive investor seeking to create wealth over the long-term, you can consider investing in this fund.

  • Fund Details:

    The fund category is 'Small-cap funds' under Equity funds with an AUM of ₹9,076.66 Crores as of 31st Aug 2020. The scheme was launched on 16-Sep-2010. This Nippon India Mutual Fund NAV for the Direct Plan, Growth was ₹47.12 as on 15-Sep-2020 and the same for Regular Plan, Growth was ₹43.55. The fund has given a 15.09% average annualised return (CAGR) since inception. The benchmark for this scheme is the S&P BSE Small-Cap TRI Index and the fund manager is Mr. Samir Rachh.

    The expense ratio of the Nippon India Small Cap Fund is 1.21% for direct plans and the same for regular plans is 1.77%. There would be an exit load of 1% if you redeem more than 10% units of the investment within 365 days from the date of investment.

    Nippon India Small Cap Fund mainly invests in the chemicals, financial, and automobile sectors. Here is the detailed table on holding for this scheme.

    The portfolio holdings as of 31st Aug 2020 is:

    Company	Sector	% of Total AUM
    Deepak Nitrite	Chemicals	4.51
    Navin Fluorine International	Chemicals	3.58
    CreditAccess Grameen	Financial	2.74
    Tube Investments Of India	Automobile	2.73
    Affle (India)	Communication	2.72
    Orient Electric	Engineering	2.38
    Tata Consumer Products	FMCG	2.29
    Dixon Technologies	Engineering	2.09
    Indian Energy Exchange	Financial	2.01
    Fine Organic Industries	Chemicals	1.91
    Birla Corporation	Construction	1.89
    Honeywell Automation	Engineering	1.87
    Rallis India	Chemicals	1.8
    Zydus Wellness	FMCG	1.74
    Radico Khaitan	FMCG	1.64
    State Bank of India	Financial	1.58
    Bajaj Electricals	Cons Durable	1.54
    FDC	Healthcare	1.49
    Bayer CropScience	Healthcare	1.42
    NIIT	Technology	1.34
    Jyothy Labs	FMCG	1.28
    Balrampur Chini Mills	FMCG	1.25
    Polyplex Corporation	Chemicals	1.08
    VIP Industries	Chemicals	1.06
    Elantas Beck India	Chemicals	1.06

    The minimum lump sum investment in Nippon India Small Cap Fund is ₹5,000 and for SIP it is Rs ₹100.

• Nippon India Short-term Fund

  • Investment Objective:

    The fund objective of the Nippon India Short-term Fund is to generate stable returns for the short-term investment time frame by investing in debt and money market instruments.

  • Fund Details:

    The fund category is 'Short duration fund' under Debt funds with an AUM of ₹7,985.41 Crores as of 31st Aug 2020. The scheme was launched on 18-Dec-2002. This Nippon India Mutual Fund NAV for the Direct Plan, Growth was ₹41.53 as on 15-Sep-2020 and the same for Regular Plan, Growth was ₹39.48. The fund has given an 8.05% average annualized return (CAGR) since inception. The benchmark for this scheme is CRISIL Short Term Bond Fund Index and the fund managers are Mr. Prashant Pimple and Mr. Vivek Sharma.

    The expense ratio of the Nippon India Short-term Fund is 0.34% for direct plans and the same for regular plans is 1.23%. There would be no exit load applicable for the fund investment.

    Nippon India Short-term Fund mainly invests in the GOI Securities and Central Government Loan. Here is the detailed table on holding for this scheme.

    The portfolio holdings as of 31st Aug 2020 is:

    Company	Instrument	% of Total AUM
    7.27% GOI 2026	GOI Securities	11.84
    7.32% GOI 28/01/2024	GOI Securities	8.51
    7.35% GOI 22/06/2024	Central Government Loan	3.51
    8.25% India Infradebt 20/06/2025	Non-Convertible Debenture	3.31
    HDFC 19/05/2022	Non-Convertible Debenture	3.25
    8.50% National Bank Agr. Rur. Devp	Debenture	2.83
    India Grid Trust 14/02/2029	Non Convertible Debenture	2.79
    5.09% GOI 13/04/2022	GOI Securities	2.66
    7.67% L&T Infrastructure Finance 18/03/2022	Non-Convertible Debenture	2.64
    8.45% REC 22/03/2022	Debenture	2.36
    India Infradebt 19/11/2025	Non-Convertible Debenture	2.28
    First Business Receivable Trust	Securitised Debt	2.27
    9.25% Manappuram Finance 14/02/2022	Non-Convertible Debenture	2.27
    Aditya Birla Finance 20/07/2021	Debenture	2.08
    5.85% Bharat Oman Refineries 13/07/2023	Non-Convertible Debenture	1.96
    Hindustan Zinc 365-D 10/08/2021	Commercial Paper	1.89
    7.35% Power Finance Corp. 15/10/2022	Debenture	1.78
    Bajaj Finance 2022	Zero-Coupon Bonds	1.65
    5.47% Power Finance Corp. 19/08/2023	Debenture	1.64
    6.82% Rajasthan State 18/09/2024	State Development Loan	1.37
    9.10% India Grid Trust 2022	Debenture	1.35
    Export-Import Bank 218-D 04/03/2021	Commercial Paper	1.35
    7.20% Sikka Ports and Terminals 16/06/2023	Zero-Coupon Bonds	1.35
    8.55% L&T Infrastructure Finance 29/11/2022	Non-Convertible Debenture	1.34
    8.85% India Grid Trust 2022	Non-Convertible Debenture	1.34

    The minimum lump sum investment in Nippon India Short-term Fund is ₹500 and for SIP it is ₹100.

To know more about our Nippon India Mutual Fund schemes, an investor can contact at:

To invest in Nippon India Mutual Fund online you can head to the ET Money app. This app is a 'zero commission' platform for all your mutual fund investment needs. You can explore funds based on your investment requirement, time horizon, and risk profile, and liquidity preferences. You can click on 'MF by category' and explore funds under the various categories of funds - equity mutual funds, hybrid funds, debt funds, and gold funds. There are various subcategories also to further filter your choices. You can even filter based on value research ratings, performance consistency, and risk ratings. Once you choose the fund that suits you, you can then choose the Nippon India SIP or lump sum investment option online to proceed.

Nippon India Mutual Fund has a team of highly educated, experienced, and motivated professionals. With their expertise in the financial market, fund managers do extensive research to design investment strategies for the funds to help investors reach their goals. Here are some of the key people involved in managing Nippon India Mutual Fund schemes are-

• Mr. Sailesh Raj Bhan:

  Deputy CIO - Equity

  Mr. Sailesh Raj Bhan has over 24 years of experience in Indian Equity Markets. He manages the largest pharma sector fund in India since its inception in 2004. He also manages the flagship diversified equity schemes like Nippon India Multi-Cap Fund and Nippon India Large Cap Fund. Additionally, he also advises on the international mandates for some strategies for the last 5 years.

• Mr. Samir Rachh:

  Fund Manager - Equity Investments

  Mr. Samir Rachh has an overall experience of over 29 years in research, investment advisory, and fund management. He is associated with Nippon India Mutual Fund for over 12 years now with specialization in managing small-cap and mid-cap portfolios. Prior to joining Nippon India MF, he was associated with Emkay Global Financial Services Ltd, Hinduja Finance, Anvicon Research, and Capital Market Publishers.

• Mr. Sanjay Parekh:

  Senior Fund Manager - Equity Investments

  Mr. Sanjay Parekh has over 24 years of experience in equity research and fund management. Prior to joining Nippon India Mutual Fund in 2012, he was associated with ICICI Prudential Asset Management Limited (as Senior Fund Manager) and ASK Investment Managers Limited (as Head of Investments). He manages Nippon India Equity Hybrid Fund, Nippon India Retirement Fund, and Nippon India Equity Savings Fund.

• Mr. Amit Tripathi:

  CIO - Fixed Income

  Mr. Amit Tripathi has more than 20 years of experience in financial services. He has been associated with Nippon India MF for the last 14 years. He has successfully managed various fixed income and hybrid funds. He heads a team of 20 highly experienced fixed income professionals.

• Ms. Anju Chhajer:

  Senior Fund Manager

  Ms. Anju Chhajer has an experience of over 16 years in financial services. Prior to joining Nippon India Mutual Fund in 2007 as a debt fund manager, she was associated with National Insurance Company Limited. She is a Chartered Accountant and also a commerce graduate from Shib Nath Shastri College, Kolkata.