Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, is a leading asset management company in India, managing a variety of assets across mutual funds, pension funds, managed accounts, alternative investments, and offshore funds. The asset manager for Nippon India Mutual Fund (NIMF) is Nippon Life India Asset Management Limited (NAM India), with its promoters being Reliance Capital Limited and Nippon Life Insurance Company, holding 75.93% of the company's equity share capital. Reliance Capital Limited, a top RBI-registered Non-Banking Finance Company, is involved in asset management, life insurance, general insurance, stockbroking, and other financial services. Nippon India Mutual Fund was originally established as Reliance Mutual Fund in June 1995, a joint venture between India's Reliance Capital and Japan's Nippon Life Insurance. In October 2019, Nippon Life Insurance acquired Reliance's stake, leading to the fund house being renamed Nippon India Mutual Fund. Nippon India Mutual Fund manages assets worth ₹4,31,308 crores and offers a diverse range of schemes, including 52 equity funds, 266 debt funds, and 40 balanced funds. Under the leadership of CEO Sundeep Sikka, Nippon Life India Asset Management Limited provides portfolio management, mutual fund investments, financial planning, and advisory services to individuals, institutions, trusts, and private funds. Nippon Life Insurance Company (NLI), one of Japan's leading private life insurers, offers a broad array of insurance and financial products. NLI’s asset management operations in Asia are conducted through its subsidiary, Nissay Asset Management Corporation, which manages assets globally.
Fund Name
Rating
1Y Return
3Y Return
Fund Size (in Cr)
Nippon India Power & Infra Fund - Direct Plan - Growth
NA
24.94%
30.56%
₹7453.12 Cr
Nippon India Small Cap Fund - Direct Plan - Growth Plan
5
24.99%
25.94%
₹61646.36 Cr
Nippon India Growth Fund - Direct Plan - Growth
4
24.91%
25.78%
₹35277.81 Cr
Nippon India Multi Cap Fund - Direct Plan - Growth
3
24.21%
25.65%
₹39385.21 Cr
Nippon India Value Fund - Direct Plan - Growth Option
4
21.51%
22.17%
₹8563.55 Cr
Nippon India Nifty Midcap 150 Index Fund Direct Growth
NA
20.38%
21.77%
₹1635.99 Cr
Nippon India Consumption Fund - Direct Plan - Growth Plan
NA
20.67%
21.60%
₹2161.10 Cr
Nippon India Pharma Fund - Direct Plan - Growth Plan
NA
31.86%
21.29%
₹8914.89 Cr
Nippon India Nifty Smallcap 250 Index Fund Dir Gr
NA
22.91%
20.65%
₹1961.57 Cr
Nippon India Large Cap Fund - Direct Plan - Growth Plan
5
18.12%
20.38%
₹35699.99 Cr
Nippon India Vision Fund - Direct Plan - Growth Plan
3
25.52%
19.92%
₹5588.37 Cr
Nippon India Quant Fund - Direct Plan - Growth Plan
NA
18.10%
19.70%
₹91.04 Cr
Nippon India Asset Allocator FoF Direct Growth
NA
18.21%
18.28%
₹320.54 Cr
Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth
NA
20.24%
17.32%
₹3285.97 Cr
Nippon India Banking & Financial Services Fund Direct Plan - Growth
3
9.83%
17.26%
₹6282.05 Cr
Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option
2
17.14%
17.01%
₹15198.77 Cr
Nippon India Nifty Next 50 Junior BeES FoF Direct Growth
NA
24.02%
16.61%
₹514.67 Cr
Nippon India Multi Asset Allocation Fund Direct Growth
NA
19.99%
16.34%
₹4683.26 Cr
Nippon India Gold Savings Fund - Direct Plan - Growth
NA
21.71%
16.22%
₹2203.20 Cr
Nippon India Flexi Cap Fund Direct Growth
3
15.91%
15.65%
₹8538.68 Cr
Mutual fund name
Nippon India Mutual Fund
Asset Management Company Name
Nippon Life India Asset Management Ltd
AMC Setup Date
30-Jun-1995
AMC Incorporation Date
24-Feb-1995
Sponsor Name
Nippon Life Insurance Company
Trustee Organisation
Nippon Life India Trustee Limited
CIO
Mr. Amit Tripathi, Mr. Sailesh Raj Bhan
MD & CEO
Mr. Sundeep Sikka
Compliance Officer
Mr. Muneesh Sud
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Enter the amount you wish to invest.
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Mr. Ashwani Kumar
Mr. Kumar has a long and distinguished career in wealth management, with experience as a fund manager since 2003. He joined Nippon India Mutual Fund (formerly known as Nippon India Mutual Funds) at a key moment in the company's growth. A graduate of the University of Pune, he also holds an MBA in Finance. Currently serving as the Senior Fund Manager for Equity Investments at Nippon India Mutual Fund, Mr. Kumar has previously worked at Zurich Asset Management Co. Ltd. His global perspective on money management has been instrumental in shaping NIMF's success, helping position the firm as one of the leaders in India's mutual fund sector.
Mr. Sailesh Raj Bhan
Mr. Bhan has an extensive career, having been with Nippon India Mutual Fund (NIMF) for over 10 years, and previously working for 15 years at Nippon India Nippon Life Asset Management Limited. He currently manages the Nippon India Multi Cap Fund, which oversees approximately $1.5 billion in assets. In addition to his role as a fund manager, Mr. Bhan serves as the Deputy Chief Investment Officer (CIO) at NIMF. A well-regarded figure in India’s wealth management sector, Mr. Bhan also manages the Nippon India Consumption Fund and provides strategic advice on international markets, making him a key player in NIMF's investment strategy.
Mr. Samir Rachh
Mr. Rachh brings 29 years of experience in asset and capital management to his role at Nippon India Mutual Fund (NIMF). An alumnus of the University of Mumbai, he began his career as the Assistant Editor of *Capital Market Magazine* before founding his own advisory and research firm, Anvicon Research. Prior to joining NIMF, he was with Hinduja Finance. Having been with NIMF for the past 12 years, Mr. Rachh is renowned for his expertise in managing Mid Cap and Small Cap stocks, areas where he is considered a specialist. His extensive background in research and analysis makes him a valuable asset to the fund management team at NIMF.
Mr. Sanjay Parekh
Mr. Parekh, with 24 years of experience in Equity Research and Fund Management, is a key figure at Nippon India Mutual Fund (NIMF). Although younger than many of his senior colleagues, he brings a wealth of expertise to the table. Prior to joining NIMF, Mr. Parekh held prominent roles, including serving as a Senior Fund Manager at ICICI Prudential Asset Management Company Ltd. and as the Head of Investment at ASK Investment Managers Ltd. from 2005 to 2008. Since joining NIMF as Senior Fund Manager in Equity Investments, he has become a highly influential figure in the business and investment circles, known for his deep market insights and strategic decision-making in equity investments.
Ms. Meenakshi Dawar
Ms. Dawar has over 10 years of experience in the mutual fund industry and is currently with Nippon India Mutual Fund, where she manages the Nippon India Value Fund and Nippon India Vision Fund. She holds a B.Tech degree from IGIT-Delhi and a PG in Management from the Indian Institute of Management (IIM), Ahmedabad. Her background in research and fund management, particularly in equity, has earned her a strong reputation in the industry. Before her current role, Ms. Dawar had a successful tenure at IDFC, where she played a key role in multiple product launches. She also gained experience as an Equity Research Analyst at ICICI Securities, further honing her expertise in equity markets. Her diverse career and pioneering efforts in the industry have made her a respected professional in the fund management space.
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