What is Nippon India Mutual Fund
Nippon India Mutual Fund (formerly known as Reliance Mutual Fund) is one of India’s leading asset management companies. It is a part of Nippon Life Insurance Company, a leading life insurance company based in Japan. Nippon India Mutual Fund offers a wide range of mutual fund schemes to cater to various investment objectives and risk profiles.
The company provides mutual fund products in multiple categories, including equity funds, debt funds, hybrid funds, and other specialized funds. These funds are designed to help investors achieve their financial goals, whether it’s long-term wealth creation, income generation, or capital preservation.
Nippon India Mutual Fund is known for its commitment to investor education, transparency, and innovation in the mutual fund industry. The fund house is regulated by the Securities and Exchange Board of India (SEBI) and adheres to the regulatory guidelines for the mutual fund industry.
| NIPPON INDIA EQUITY MUTUAL FUNDS | |||
| Fund Name | Fund Size | 5 Yrs Return | |
| Nippon India Small Cap Fund Direct- Growth | ₹3,737A Crs | 34.19% p.a | Know More |
| Nippon India Power & Infra Fund Direct-Growth | ₹2729 Crs | 27.46%p.a | Know More |
| Nippon India Growth Fund Direct- Growth | ₹19247 Crs | 26.26%p.a | Know More |
| Nippon India Multi Cap Fund Direct-Growth | ₹20930 Crs | 24.95%p.a | Know More |
| Nippon India Consumption Fund Direct-Growth | ₹535 Crs | 22.84%p.a | Know More |
| NIPPON INDIA DEBT MUTUAL FUNDS | |||
| Nippon India Credit Risk Fund Direct-Growth | ₹1018Crs | 8.12%p.a | Know More |
| Nippon India Ultra Short Duration Fund Direct-Growth | ₹5301Crs | 6.99%p.a | Know More |
| Nippon India Floating Rate Fund Direct-Growth | ₹7227Crs | 5.83%p.a | Know More |
| Nippon India Corporate Bond Fund Direct-Growth | ₹2458Crs | 6.01%p.a | Know More |
| Nippon India Short Term Fund Direct-Growth | ₹6141 Crs | 5.76%p.a | Know More |
| NIPPON INDIA HYBRID MUTUAL FUNDS | |||
| Nippon India Equity Hybrid Fund Direct-Growth | ₹3072 Crs | 14.02%p.a | Know More |
| Nippon India Balanced Advantage Fund Direct-Growth | ₹7022 Crs | 12.1%p.a | Know More |
| Nippon India Gold Savings Fund Direct-Growth | ₹1469Crs | 11.16%p.a | Know More |
| Nippon IndiaRetirement Fund – Income Generation Scheme Direct-Growth | ₹169Crs | 7.1%p.a | Know More |
| Nippon India Equity Savings Fund Direct-Growth | 303Crs | 6.77%p.a | Know More |
| NIPPON INDIA TAX SAVING FUND | |||
| Nippon India Tax Saver (ELSS) Fund Direct-Growth | ₹12734Crs | 16.92%p.a | Know More |
How to invest in Nippon India mutual funds
To invest in Nippon India Mutual Fund, you can follow these steps:
1. KYC (Know Your Customer) Compliance:
– Ensure that you are KYC-compliant, as it is a mandatory requirement for investing in mutual funds in India. If you are not KYC-compliant, you can complete the KYC process by submitting the necessary documents to any KYC registration agency (KRA) or an AMC (Asset Management Company).
2. Choose the Investment Platform:
– Decide whether you want to invest directly through Nippon India Mutual Fund’s official website or through an authorized distributor or broker.
3. Online Method (Investing through Nippon India Mutual Fund’s Website):
– If you choose to invest online, visit the official Nippon India Mutual Fund website: [Nippon India Mutual Fund](https://www.nipponindiamf.com/).
– Register or log in to your online account if you are an existing investor. If you are a new investor, create an online account.
– Select the mutual fund scheme(s) you wish to invest in.
– Complete the online application form, providing your personal details, investment amount, and other necessary information.
– Make the payment electronically using methods like net banking, UPI, or debit cards.
4. Offline Method (Investing through Distributor or Broker):
– If you prefer to invest through a distributor or broker, contact a registered distributor or broker who deals with Nippon India Mutual Fund. They will provide you with the necessary application forms and assist you in the investment process.
– Fill out the paper application form with your investment details.
– Provide a check or demand draft for the investment amount.
5. Submit the Documents:
– If you invest online, you will need to upload electronic copies of the required documents.
– If you invest offline, submit the application form, check or demand draft, and necessary KYC documents to the distributor, broker, or the nearest Nippon India Mutual Fund branch.
6. Confirmation and Account Statement:
– Once your investment is processed, you will receive a confirmation and an account statement from Nippon India Mutual Fund. The statement will contain details of your investment, including the number of units allotted.
It’s crucial to carefully read the offer document and scheme-related documents of the mutual fund scheme(s) you plan to invest in. These documents provide detailed information about the scheme’s objectives, risk factors, and other essential details.
Keep in mind that specific steps and requirements may vary over time, so it’s advisable to check the latest information on the official Nippon India Mutual Fund website or consult with an authorized distributor for the most up-to-date guidance.
Key Information (Table)
Investors can choose from a variety of Nippon India Mutual Fund schemes based on their risk appetite, investment horizon, and financial objectives. It’s essential to conduct thorough research and consult with a financial advisor to select the most suitable fund(s) from Nippon India Mutual Fund to align with your investment goals.
Documents required to invest in Nippon India Mutual Fund
To invest in Nippon India Mutual Fund or any other mutual fund in India, you will need to complete the Know Your Customer (KYC) process and provide certain documents for identity and address verification. Here are the primary documents required for investing in Nippon India Mutual Fund:
1. KYC Acknowledgment:
– This acknowledgment is generated after you complete the KYC process. It serves as proof that you are KYC-compliant.
2. PAN (Permanent Account Number) Card:
– A PAN card is mandatory for all financial transactions in India, including mutual fund investments. You must provide a self-attested copy of your PAN card.
3. Proof of Identity (PoI):
– Any one of the following documents can be submitted as proof of identity:
– Passport
– Aadhaar Card
– Voter ID Card
– Driving License
4. Proof of Address (PoA):
– Any one of the following documents can be submitted as proof of address:
– Passport
– Aadhaar Card
– Voter ID Card
– Utility bill (electricity, telephone, gas, water)
– Bank account or post office account statement
– Rent agreement
– Property tax assessment order
5. Passport-Size Photograph:
– You will need to affix a recent passport-size photograph on the application form.
6. Cancelled Cheque or Bank Account Details:
– You may be required to provide a canceled or self-attested blank cheque to link your bank account for transactions. Alternatively, you can provide your bank account number and IFSC code.
7. Duly Filled Application Form:
– Complete the application form provided by Nippon India Mutual Fund with accurate details of your investment, including the scheme name and investment amount.
8. Additional Documents:
– Depending on the investment amount and the specific requirements of Nippon India Mutual Fund, you may be asked to provide additional documents or complete additional forms. Check with the fund house or distributor for specific requirements.
Keep in mind that the exact document requirements may vary, and it’s essential to check the latest guidelines and requirements with Nippon India Mutual Fund or the distributor you choose to work with. Once you have completed the KYC process and provided the necessary documents, you can proceed with your mutual fund investment.
How to take a loan on Nippon India Mutual Funds
Nippon India Mutual Fund and other mutual fund companies in India do not offer loans against mutual fund investments. Unlike some other financial products like life insurance policies or fixed deposits, mutual funds do not provide a direct loan facility to investors.
If you need a loan and have investments in Nippon India Mutual Fund or any other mutual fund, you may explore the following options:
1. Loan Against Securities (LAS): Some banks and financial institutions offer loans against certain securities, including mutual fund units. However, the availability of LAS against mutual fund units depends on the specific bank or financial institution and the terms and conditions they offer.
2. Systematic Withdrawal Plan (SWP): While not a loan, you can set up a Systematic Withdrawal Plan (SWP) from your mutual fund investments to periodically withdraw a specific amount. This can be used to generate regular cash flows.
3. Personal Loans: If you have a good credit history and are in need of funds, you can apply for a personal loan from a bank or financial institution. Personal loans are unsecured and can be used for various purposes.
4. Gold Loans: Some banks and non-banking financial companies (NBFCs) offer loans against physical gold, gold jewelry, or gold ornaments. If you have gold assets, you can consider a gold loan.
5. Loan Against Property (LAP): If you own property, you can explore the option of taking a loan against your property (commonly known as a mortgage loan or LAP).
Before taking any type of loan or making financial decisions, it’s essential to evaluate your financial situation, consider your ability to repay the loan, and compare different loan options to find the one that best suits your needs and circumstances. Additionally, consult with a financial advisor or loan specialist for personalized advice based on your specific requirements.
How to invest in schemes of Nippon India mutual fund AMC?
To invest in schemes of Nippon India Mutual Fund AMC, you can follow these steps:
1. KYC (Know Your Customer) Compliance:
– Ensure that you are KYC-compliant, as it is a mandatory requirement for investing in mutual funds in India. If you are not KYC-compliant, you can complete the KYC process by submitting the necessary documents to any KYC registration agency (KRA) or an AMC (Asset Management Company).
2. Choose the Investment Platform:
– Decide whether you want to invest directly through Nippon India Mutual Fund’s official website or through an authorized distributor or broker.
3. Online Method (Investing through Nippon India Mutual Fund’s Website):
– If you choose to invest online, visit the official Nippon India Mutual Fund website: [Nippon India Mutual Fund](https://www.nipponindiamf.com/).
– Register or log in to your online account if you are an existing investor. If you are a new investor, create an online account.
– Select the mutual fund scheme(s) you wish to invest in.
– Complete the online application form, providing your personal details, investment amount, and other necessary information.
– Make the payment electronically using methods like net banking, UPI, or debit cards.
4. Offline Method (Investing through Distributor or Broker):
– If you prefer to invest through a distributor or broker, contact a registered distributor or broker who deals with Nippon India Mutual Fund. They will provide you with the necessary application forms and assist you in the investment process.
– Fill out the paper application form with your investment details.
– Provide a check or demand draft for the investment amount.
5. Submit the Documents:
– If you invest online, you will need to upload electronic copies of the required documents.
– If you invest offline, submit the application form, check or demand draft, and necessary KYC documents to the distributor, broker, or the nearest Nippon India Mutual Fund branch.
6. Confirmation and Account Statement:
– Once your investment is processed, you will receive a confirmation and an account statement from Nippon India Mutual Fund. The statement will contain details of your investment, including the number of units allotted.
It’s crucial to carefully read the offer document and scheme-related documents of the mutual fund scheme(s) you plan to invest in. These documents provide detailed information about the scheme’s objectives, risk factors, and other essential details.
Keep in mind that specific steps and requirements may vary over time, so it’s advisable to check the latest information on the official Nippon India Mutual Fund website or consult with an authorized distributor for the most up-to-date guidance.
Top Nippon India Mutual Fund Managers
Nippon India Mutual Fund has a team of experienced fund managers who manage various mutual fund schemes. The performance of a fund is often closely linked to the skills and strategies employed by its fund managers. The top fund managers at Nippon India Mutual Fund may change over time, and their performance can vary from one period to another. As of my last knowledge update in September 2021, here are a few notable fund managers associated with Nippon India Mutual Fund:
1. Sailesh Raj Bhan: He has been with Nippon India Mutual Fund for a long time and is known for managing equity funds.
2. Manish Gunwani: Manish has experience in managing equity funds, including large-cap and multi-cap funds.
3. Lakshmikanth Reddy: He is known for managing various debt and hybrid funds at Nippon India Mutual Fund.
4. Anju Chhajer: Anju has experience in managing debt-oriented mutual funds.
Please note that the performance of fund managers can change, and new talent can emerge in the mutual fund industry. Therefore, it’s important to check the latest updates and the performance of specific mutual fund schemes to make informed investment decisions.
To get the most up-to-date information on the top fund managers at Nippon India Mutual Fund, you can visit the official Nippon India Mutual Fund website or refer to the latest fund fact sheets and fund manager profiles provided by the fund house. Additionally, financial news and publications often provide insights into the performance of fund managers and their strategies.
frequently asked questions (FAQs) about Nippon India Mutual Fund:
Are Nippon India Mutual Fund’s
Investing in mutual funds, including Nippon India Mutual Fund, comes with inherent risks, and the safety of your investment depends on various factors. It’s important to understand that mutual funds are subject to market risks, and the value of your investments can go up or down based on market conditions and the performance of the underlying assets.
Here are some key points to consider when assessing the safety of investing in Nippon India Mutual Fund’s schemes:
1. Risk Profile of the Fund: Different mutual fund schemes have varying risk profiles. For example, equity funds typically carry higher market risk, while debt funds are generally considered to be less risky. Assess the risk profile of the specific scheme you are interested in.
2. Diversification: Nippon India Mutual Fund diversifies its holdings across various assets, which can help mitigate risk. Diversification spreads risk across different securities or asset classes.
3. Past Performance: Review the historical performance of the mutual fund scheme. However, past performance is not a guarantee of future results.
4. Fund Manager Expertise: The experience and expertise of the fund manager can play a significant role in the fund’s performance. Research the track record and strategy of the fund manager.
5. Market Conditions: Be aware of the prevailing market conditions and economic factors. Market volatility and economic uncertainties can impact the performance of mutual fund schemes.
6. Investment Horizon: Your investment horizon and financial goals should align with the chosen mutual fund scheme. Longer investment horizons may help smooth out market fluctuations.
7. Liquidity: Mutual funds offer liquidity, allowing you to redeem your investments on most business days. This provides flexibility but also means you may be subject to market prices at the time of redemption.
8. Regulatory Oversight: Nippon India Mutual Fund and other AMCs are regulated by the Securities and Exchange Board of India (SEBI). SEBI enforces regulatory standards to protect investors’ interests.
While mutual funds offer investment opportunities and professional fund management, they are not entirely risk-free. It’s crucial to assess your risk tolerance, diversify your investments, and align your portfolio with your financial goals. Consider consulting a financial advisor or conducting thorough research before investing in any mutual fund scheme, including those offered by Nippon India Mutual Fund.
Which Nippon India Mutual Fund’s scheme is best for the short term?
The best Nippon India Mutual Fund scheme for the short term will depend on your specific financial goals, risk tolerance, and investment horizon. Short-term investments typically have a horizon of 1 to 3 years. Here are a few Nippon India Mutual Fund schemes that you may consider for short-term investments, but it’s important to consult with a financial advisor and carefully assess your investment needs before making a decision:
1. Nippon India Liquid Fund: Liquid funds are a popular choice for short-term investments. They invest in very short-term, high-quality debt instruments, providing liquidity and safety. Nippon India Liquid Fund can be suitable for parking funds for a few months.
2. Nippon India Ultra Short Duration Fund: Ultra Short Duration funds invest in a mix of short-term debt and money market instruments. They are designed for short-term investments and may offer slightly higher returns than liquid funds.
3. Nippon India Short Term Fund: This fund primarily invests in a mix of short-term debt and money market instruments. It’s suitable for investors with a short-term investment horizon and a slightly higher risk tolerance.
4. Nippon India Money Market Fund: Money Market funds invest in short-term money market instruments. These funds aim to provide safety and liquidity while generating some returns.
5. Nippon India Gilt Securities Fund: If you prefer a short-term investment in government securities, consider a Gilt Securities Fund. These funds invest in government bonds and can be suitable for those seeking safety and stable returns.
Remember that the choice of the best scheme depends on your specific financial objectives and risk tolerance. It’s essential to review the scheme’s past performance, expense ratios, and investment strategies before making an investment decision. Additionally, keep in mind that short-term investments are subject to market risks, and returns may vary based on market conditions. Consult with a financial advisor to determine the most appropriate scheme for your short-term investment needs.
Are Nippon India Mutual Fund’s schemes Taxsation-Free?
No, Nippon India Mutual Fund’s schemes are not tax-free. Mutual fund investments in India are subject to taxation based on various factors, including the type of fund, the duration of investment, and the gains realized. Here are the key tax implications for mutual fund investments in India:
1. Capital Gains Tax:
– When you sell or redeem mutual fund units, you may incur capital gains tax. The capital gains can be categorized into short-term and long-term gains.
– Short-term capital gains (STCG) are typically applicable if you hold the units for less than one year. The gains are taxed at your applicable income tax slab rate.
– Long-term capital gains (LTCG) apply if you hold the units for more than one year. As of my last knowledge update in September 2021, LTCG on equity mutual funds were tax-exempt up to a certain limit (Rs. 1 lakh), and gains above this limit were taxed at 10% without indexation. LTCG on debt mutual funds were taxed at 20% with indexation.
2. Dividend Distribution Tax (DDT):
– When mutual fund schemes declare dividends, they are subject to DDT before distribution to investors. As of my last update, DDT on equity mutual funds was 11.648%, and DDT on debt mutual funds was 29.12%.
– However, the DDT regime was changed in the Union Budget for the financial year 2020-21, and it was announced that dividends from mutual funds would be added to an investor’s taxable income from April 1, 2020, onward. The dividend income would be taxed at the investor’s applicable income tax slab rate.
3. Securities Transaction Tax (STT):
– STT is applicable on the sale of equity mutual fund units. It is a small tax levied on the value of the transaction.
4. Indexation Benefit: For debt mutual funds, you have the option to avail indexation benefits for long-term gains, which helps in reducing the tax liability.
Please note that tax laws in India are subject to change, and it’s crucial to stay updated with the latest tax regulations. Consult with a tax advisor or a financial expert for personalized guidance on the tax implications of your mutual fund investments based on the current tax laws and your specific situation.
How can I cancel the Nippon India ongoing SIP?
If you wish to cancel your ongoing SIP (Systematic Investment Plan) in a Nippon India Mutual Fund scheme, you can do so by following these steps:
1. Visit the Nippon India Mutual Fund Website:
– Go to the official Nippon India Mutual Fund website: [Nippon India Mutual Fund](https://www.nipponindiamf.com/).
2. Log In to Your Account:
– Log in to your online account using your username and password. If you are a new investor, you may need to register and create an online account.
3. Locate Your SIP:
– Once logged in, navigate to the section that displays your existing investments or ongoing SIPs. Look for the specific SIP you want to cancel.
4. Cancel the SIP:
– Within the SIP details, you should find an option to cancel the SIP. Follow the on-screen instructions to cancel it.
5. Confirmation:
– After completing the cancellation process, you should receive a confirmation of the cancellation. Save this confirmation for your records.
If you face any difficulties or have questions about the cancellation process, you can contact the customer service or support team of Nippon India Mutual Fund for assistance. They will guide you through the process and address any concerns you may have.
Additionally, you can also cancel your SIP by submitting a written request to the nearest Nippon India Mutual Fund branch or by contacting your registered distributor. Be sure to include your SIP details and signature in the cancellation request.
Keep in mind that the SIP cancellation process may vary, and it’s essential to check the latest instructions on the Nippon India Mutual Fund website or contact the fund house directly for the most up-to-date information.
How can I get the Nippon India Mutual Fund statement?
To get a statement of your Nippon India Mutual Fund investments, you can follow these steps:
1. Online Method:
– Visit the Official Website: Go to the official Nippon India Mutual Fund website: [Nippon India Mutual Fund](https://www.nipponindiamf.com/).
– Log In to Your Account: Log in to your online account using your username and password. If you are a new investor, you may need to register and create an online account.
– Access Account Statements: Once logged in, navigate to the section that provides account statements or transaction history. You should find an option to view and download your account statement.
– Choose the Statement Period: Select the specific period for which you want the account statement. You can typically generate account statements for different timeframes, such as the last financial year or a custom date range.
– Download the Statement: Follow the on-screen instructions to download the statement in PDF format.
2. Request via Email:
– You can also request your account statement by sending an email to Nippon India Mutual Fund’s customer service or support team. Provide your folio number and any additional information they require.
3. Contact Customer Service:
– You can contact the customer service or support team of Nippon India Mutual Fund by phone or email. They will guide you on how to obtain your account statement. Be ready to provide your folio number and other identifying information for verification.
4. Visit a Branch:
– If you prefer an in-person visit, you can go to the nearest Nippon India Mutual Fund branch or investor service center. They can assist you in generating and providing a printed account statement.
Please note that the availability of online account statements and the specific process for obtaining them may vary over time, so it’s advisable to check the latest instructions on the Nippon India Mutual Fund website or contact the fund house directly for the most up-to-date information. Keep your account statements for record-keeping and tax purposes.
How can I increase the SIP amount of the Nippon India Mutual Fund’s scheme?
To increase the SIP (Systematic Investment Plan) amount in a Nippon India Mutual Fund scheme, you can follow these steps:
1. Visit the Nippon India Mutual Fund Website:
– Go to the official Nippon India Mutual Fund website: [Nippon India Mutual Fund](https://www.nipponindiamf.com/).
2. Log In to Your Account:
– Log in to your online account using your username and password. If you are a new investor, you may need to register and create an online account.
3. Navigate to the SIP Section:
– Within your account, locate the section that displays your existing SIPs. You should find the SIP that you want to increase.
4. Modify the SIP Amount:
– Click on the specific SIP you wish to increase. You will find an option to modify the SIP amount. Enter the new SIP amount that you want to invest.
5. Confirm and Update:
– After entering the new SIP amount, review the details and confirm the changes. Follow the on-screen instructions to update the SIP.
6. Confirmation:
– You should receive a confirmation of the SIP amount increase. Save this confirmation for your records.
If you face any difficulties or have questions about the SIP modification process, you can contact the customer service or support team of Nippon India Mutual Fund for assistance. They will guide you through the process and address any concerns you may have.
Keep in mind that the SIP modification process may vary, and it’s essential to check the latest instructions on the Nippon India Mutual Fund website or contact the fund house directly for the most up-to-date information. Increasing your SIP amount is a convenient way to boost your investments and work towards your financial goals.
How to take loan against Nippon India Mutual Funds
To take a loan against your Nippon India Mutual Fund investments, you can consider using the Nippon India Mutual Fund Loan Against Units (LAU) facility, provided that the particular scheme you are invested in allows for such loans. Here’s how you can take a loan against your Nippon India Mutual Fund investments:
1. Check Eligibility: Verify whether the Nippon India Mutual Fund scheme in which you have invested allows for loans using the Loan Against Units (LAU) facility. Not all schemes provide this option.
2. Loan Amount: Determine the maximum loan amount you are eligible for based on the current Net Asset Value (NAV) of the units you hold. The loan amount is typically a percentage of the NAV.
3. Contact Nippon India Mutual Fund: Reach out to Nippon India Mutual Fund through their customer service or visit their website to get details about the Loan Against Units (LAU) facility. They can provide you with information on the loan terms and conditions, eligibility criteria, and the application process.
4. Loan Application: Apply for the loan through the Loan Against Units (LAU) facility. You may need to complete a loan application form and provide the required documentation, including your KYC details and mutual fund investment information.
5. Loan Approval: Nippon India Mutual Fund will assess your eligibility and approve the loan request. This process typically takes a few business days.
6. Loan Disbursement: Once approved, the loan amount will be disbursed to your bank account.
7. Loan Repayment: The loan against your mutual fund units is generally repaid through the redemption of your units. Nippon India Mutual Fund will sell a portion of your mutual fund units to cover the loan amount and applicable interest.
8. Interest Rate: The loan is subject to an interest rate, which varies depending on the terms of the Loan Against Units (LAU) facility.
Please note that taking a loan against your mutual fund units can affect the growth potential of your investment. When units are redeemed to repay the loan, the remaining investment may not benefit from the same market conditions as before. It’s essential to carefully review the terms and conditions of the Loan Against Units (LAU) facility and assess the financial implications before availing the loan.
The availability of loan facilities and the terms may vary between different mutual fund schemes and fund houses. Therefore, it’s important to consult with Nippon India Mutual Fund, review the specific terms of the scheme you are invested in, and consider seeking advice from a financial advisor if needed.